NYSEAMERICAN:REI

Ring Energy (REI) Stock Forecast, Price & News

$1.87

0.00 (0.00%)

(As of 09/21/2023 ET)

Compare

Today's Range: $1.85
▼
$1.91
50-Day Range: $1.70
▼
$2.70
52-Week Range: $1.63
▼
$3.47

Volume: 1.68 million shs
Average Volume: 2.38 million shs
Market Capitalization: $365.32 million

P/E Ratio: 2.10
Dividend Yield: N/A
Price Target: $4.00

Ring Energy MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 113.9% Upside
$4.00 Price Target
Short Interest: Bearish
8.21% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$25.96 M Sold Last Quarter
Proj. Earnings Growth: 56.36%
From $0.55 to $0.86 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $4.00, Ring Energy has a forecasted upside of 113.9% from its current price of $1.87.
Amount of Analyst Coverage
Ring Energy has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.21% of the outstanding shares of Ring Energy have been sold short.
Short Interest Ratio / Days to Cover
Ring Energy has a short interest ratio ("days to cover") of 6.7.
Change versus previous month
Short interest in Ring Energy has recently decreased by 1.41%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Ring Energy does not currently pay a dividend.
Dividend Growth
Ring Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for REI.

2.8

News and Social Media Coverage

News Sentiment
Ring Energy has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.
Search Interest
Only 4 people have searched for REI on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
5 people have added Ring Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ring Energy insiders have sold 26,937.50% more of their company's stock than they have bought. Specifically, they have bought $96,000.00 in company stock and sold $25,956,000.00 in company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Ring Energy is held by insiders.
Percentage Held by Institutions
46.98% of the stock of Ring Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ring Energy are expected to grow by 56.36% in the coming year, from $0.55 to $0.86 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ring Energy is 2.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ring Energy is 2.10, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.92.
Price to Book Value per Share Ratio
Ring Energy has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ring Energy (NYSEAMERICAN:REI) Stock

Ring Energy, Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. It had interests in 54,959 net developed acres and 2,337 net undeveloped acres in Andrews, Gaines, Crane, Winkler, and Ward counties, Texas; and 13,930 net developed acres and 12,512 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.

REI Price History

30 days | 90 days | 365 days | Advanced Chart

REI Stock News Headlines

September 14, 2023 | finance.yahoo.com

Director Anthony Petrelli Buys 50,000 Shares of Ring Energy Inc

August 17, 2023 | msn.com

Ring Energy: Recent Transactions Reduce Its Operating Costs

September 22, 2023 | Behind the Markets (Ad)

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August 16, 2023 | finanznachrichten.de

Ring Energy, Inc.: Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition

August 16, 2023 | finance.yahoo.com

Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition

August 15, 2023 | msn.com

Ring Energy: Getting That Corporate Breakeven Down

August 13, 2023 | finance.yahoo.com

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August 11, 2023 | finance.yahoo.com

Ring Energy Announces Participation in Upcoming Energy Investor Conferences

September 22, 2023 | Behind the Markets (Ad)

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August 8, 2023 | markets.businessinsider.com

Ring Energy (REI) Receives a Rating Update from a Top Analyst

August 5, 2023 | finance.yahoo.com

Q2 2023 Ring Energy Inc Earnings Call

August 3, 2023 | finance.yahoo.com

Ring Energy (REI) Beats Q2 Earnings Estimates

August 3, 2023 | finance.yahoo.com

Ring Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023

August 1, 2023 | finance.yahoo.com

Magnolia Oil & Gas Corp (MGY) Beats Q2 Earnings Estimates

July 31, 2023 | insidermonkey.com

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July 29, 2023 | finance.yahoo.com

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July 27, 2023 | finance.yahoo.com

CNX Resources Corporation. (CNX) Q2 Earnings Top Estimates

July 27, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Southwestern Energy (SWN) and Ring Energy (REI)

July 20, 2023 | finance.yahoo.com

Ring Energy Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

July 19, 2023 | finance.yahoo.com

Oil & Gas Stock Roundup: Exxon's Denbury Buyout, Shell's Oil Find & More

July 12, 2023 | finance.yahoo.com

Ring Energy (REI) to Acquire Permian Basin Assets for $75M

July 11, 2023 | msn.com

Ring Energy buys Central Basin Platform assets in $75M deal

July 11, 2023 | finance.yahoo.com

Ring Energy Announces Accretive All Cash Asset Acquisition Strategically Expanding Core Operating Area

July 7, 2023 | msn.com

Ring Energy: Conventional Operator

July 7, 2023 | chron.com

Permian Energy Briefs: Ring Energy sells non-core Delaware assets

July 5, 2023 | benzinga.com

Ring Energy Announces $25M Debt Reduction in Q2 2023 and Sale of Non-Core Delaware Basin Assets

July 5, 2023 | msn.com

Ring Energy announces $25M debt reduction

See More Headlines

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REI Company Calendar

Last Earnings: 8/03/2023
Today: 9/22/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSEAMERICAN:REI
CUSIP: N/A
CIK: 1384195
Web: www.ringenergy.com
Phone: (281) 397-3699
Fax: N/A
Employees: 98
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.00
High Stock Price Forecast: $4.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +113.9%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.89
Trailing P/E Ratio: 2.10
Forward P/E Ratio: 3.40
P/E Growth: N/A
Net Income: $138.63 million
Net Margins: 41.79%
Pretax Margin: 42.49%
Return on Equity: 15.33%
Return on Assets: 7.86%

Debt

Debt-to-Equity Ratio: 0.54
Current Ratio: 0.55
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: $347.25 million
Price / Sales: 1.05
Cash Flow: $0.88 per share
Price / Cash Flow: 2.13
Book Value: $3.79 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 195,360,000
Free Float: 192,622,000
Market Cap: $365.32 million
Optionable: Optionable
Beta: 2.04

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Key Executives

Mr. Paul D. McKinney (Age 64)
CEO & Chairman
Comp: $1.35M

Mr. Travis T. Thomas (Age 45)
Exec. VP, CFO, Corp. Sec. & Treasurer
Comp: $668.5k

Mr. Marinos Christos Baghdati (Age 46)
Exec. VP of Operations
Comp: $668.5k

Mr. Stephen Donald Brooks (Age 67)
Exec. VP of Land, Legal, HR & Marketing
Comp: $668.5k

Mr. Alexander Dyes (Age 38)
Exec. VP of Engineering & Corp. Strategy
Comp: $665.96k

Ms. Hollie Lamb (Age 47)
VP of Compliance & GM of the Midland - Texas Office

Al Petrie
Officer of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

REI Stock - Frequently Asked Questions

What is Ring Energy's stock price forecast for 2023?: 0 analysts have issued 1-year price objectives for Ring Energy's shares. Their REI share price forecasts range from $4.00 to $4.00. On average, they expect the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 113.9% from the stock's current price.
View analysts price targets for REI or view top-rated stocks among Wall Street analysts.
How have REI shares performed in 2023?: Ring Energy's stock was trading at $2.36 at the start of the year. Since then, REI shares have decreased by 20.8% and is now trading at $1.87.
View the best growth stocks for 2023 here.
How were Ring Energy's earnings last quarter?: Ring Energy, Inc. (NYSEAMERICAN:REI) released its quarterly earnings data on Thursday, August, 3rd. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company earned $79.35 million during the quarter, compared to the consensus estimate of $84.83 million. Ring Energy had a trailing twelve-month return on equity of 15.33% and a net margin of 41.79%.
What ETF holds Ring Energy's stock ?: First Trust Natural Gas ETF holds 413,552 shares of REI stock, representing 0.16% of its portfolio.
What other stocks do shareholders of Ring Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ring Energy investors own include Universal Display (OLED), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Gulfport Energy (GPOR), AT&T (T), Energy Transfer (ET), Intel (INTC), Sorrento Therapeutics (SRNE), Permian Resources (CDEV) and Cleveland-Cliffs (CLF).

What is Ring Energy's stock symbol?: Ring Energy trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "REI."
Who are Ring Energy's major shareholders?: Ring Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.27%), Aristotle Capital Boston LLC (1.18%), Geode Capital Management LLC (1.14%), State Street Corp (0.94%), Northern Trust Corp (0.55%) and Citigroup Inc. (0.00%). Insiders that own company stock include Anthony Benedict Petrelli, Paul D Mckinney, Richard E Harris, Rochford Living Trust Lloyd Ti, Warburg Pincus (E&P) Xii Llc and William R Kruse.
View institutional ownership trends.
How do I buy shares of Ring Energy?: Shares of REI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ring Energy's stock price today?: One share of REI stock can currently be purchased for approximately $1.87.
How much money does Ring Energy make?: Ring Energy (NYSEAMERICAN:REI) has a market capitalization of $365.32 million and generates $347.25 million in revenue each year. The company earns $138.63 million in net income (profit) each year or $0.89 on an earnings per share basis.
How can I contact Ring Energy?: Ring Energy's mailing address is 901 WEST WALL STREET THIRD FLOOR, MIDLAND TX, 79701. The official website for the company is www.ringenergy.com. The company can be reached via phone at (281) 397-3699 or via email at k-m-financial@msn.com.

This page (NYSEAMERICAN:REI) was last updated on 9/22/2023 by MarketBeat.com Staff

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