NYSEAMERICAN:REI Ring Energy (REI) Stock Forecast, Price & News $1.87 0.00 (0.00%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$1.85▼$1.9150-Day Range$1.70▼$2.7052-Week Range$1.63▼$3.47Volume1.68 million shsAverage Volume2.38 million shsMarket Capitalization$365.32 millionP/E Ratio2.10Dividend YieldN/APrice Target$4.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Ring Energy MarketRank™ ForecastAnalyst Rating0.00 Rating ScoreUpside/Downside113.9% Upside$4.00 Price TargetShort InterestBearish8.21% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$25.96 M Sold Last QuarterProj. Earnings Growth56.36%From $0.55 to $0.86 Per ShareSee Full Details Hide Full Details 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/DownsideAccording 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 CoverageRing Energy has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.21% of the outstanding shares of Ring Energy have been sold short.Short Interest Ratio / Days to CoverRing Energy has a short interest ratio ("days to cover") of 6.7.Change versus previous monthShort interest in Ring Energy has recently decreased by 1.41%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldRing Energy does not currently pay a dividend.Dividend GrowthRing Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for REI. Previous Next 2.8 News and Social Media Coverage News SentimentRing 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 InterestOnly 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 Follows5 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. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 InsidersOnly 1.40% of the stock of Ring Energy is held by insiders.Percentage Held by Institutions46.98% of the stock of Ring Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioRing 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. Previous Next See Top Rated MarketRank™ Stocks Here About Ring Energy (NYSEAMERICAN:REI) StockRing 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.Read More REI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart REI Stock News HeadlinesSeptember 14, 2023 | finance.yahoo.comDirector Anthony Petrelli Buys 50,000 Shares of Ring Energy IncAugust 17, 2023 | msn.comRing Energy: Recent Transactions Reduce Its Operating CostsSeptember 22, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 16, 2023 | finanznachrichten.deRing Energy, Inc.: Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets AcquisitionAugust 16, 2023 | finance.yahoo.comRing Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets AcquisitionAugust 15, 2023 | msn.comRing Energy: Getting That Corporate Breakeven DownAugust 13, 2023 | finance.yahoo.com12 Best Quality Penny Stocks to BuyAugust 11, 2023 | finance.yahoo.comRing Energy Announces Participation in Upcoming Energy Investor ConferencesSeptember 22, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 8, 2023 | markets.businessinsider.comRing Energy (REI) Receives a Rating Update from a Top AnalystAugust 5, 2023 | finance.yahoo.comQ2 2023 Ring Energy Inc Earnings CallAugust 3, 2023 | finance.yahoo.comRing Energy (REI) Beats Q2 Earnings EstimatesAugust 3, 2023 | finance.yahoo.comRing Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023August 1, 2023 | finance.yahoo.comMagnolia Oil & Gas Corp (MGY) Beats Q2 Earnings EstimatesJuly 31, 2023 | insidermonkey.com5 Best Growth Stocks for the Next 10 YearsJuly 29, 2023 | finance.yahoo.com10 Best Oil and Gas Penny Stocks to BuyJuly 27, 2023 | finance.yahoo.comCNX Resources Corporation. (CNX) Q2 Earnings Top EstimatesJuly 27, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Southwestern Energy (SWN) and Ring Energy (REI)July 20, 2023 | finance.yahoo.comRing Energy Announces Timing of Second Quarter 2023 Earnings Release and Conference CallJuly 19, 2023 | finance.yahoo.comOil & Gas Stock Roundup: Exxon's Denbury Buyout, Shell's Oil Find & MoreJuly 12, 2023 | finance.yahoo.comRing Energy (REI) to Acquire Permian Basin Assets for $75MJuly 11, 2023 | msn.comRing Energy buys Central Basin Platform assets in $75M dealJuly 11, 2023 | finance.yahoo.comRing Energy Announces Accretive All Cash Asset Acquisition Strategically Expanding Core Operating AreaJuly 7, 2023 | msn.comRing Energy: Conventional OperatorJuly 7, 2023 | chron.comPermian Energy Briefs: Ring Energy sells non-core Delaware assetsJuly 5, 2023 | benzinga.comRing Energy Announces $25M Debt Reduction in Q2 2023 and Sale of Non-Core Delaware Basin AssetsJuly 5, 2023 | msn.comRing Energy announces $25M debt reductionSee More Headlines Receive REI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ring Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address REI Company Calendar Last Earnings8/03/2023Today9/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSEAMERICAN Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSEAMERICAN:REI CUSIPN/A CIK1384195 Webwww.ringenergy.com Phone(281) 397-3699FaxN/AEmployees98Year FoundedN/APrice 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 Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$0.89 Trailing P/E Ratio2.10 Forward P/E Ratio3.40 P/E GrowthN/ANet Income$138.63 million Net Margins41.79% Pretax Margin42.49% Return on Equity15.33% Return on Assets7.86% Debt Debt-to-Equity Ratio0.54 Current Ratio0.55 Quick Ratio0.47 Sales & Book Value Annual Sales$347.25 million Price / Sales1.05 Cash Flow$0.88 per share Price / Cash Flow2.13 Book Value$3.79 per share Price / Book0.49Miscellaneous Outstanding Shares195,360,000Free Float192,622,000Market Cap$365.32 million OptionableOptionable Beta2.04 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Paul D. McKinney (Age 64)CEO & Chairman Comp: $1.35MMr. Travis T. Thomas (Age 45)Exec. VP, CFO, Corp. Sec. & Treasurer Comp: $668.5kMr. Marinos Christos Baghdati (Age 46)Exec. VP of Operations Comp: $668.5kMr. Stephen Donald Brooks (Age 67)Exec. VP of Land, Legal, HR & Marketing Comp: $668.5kMr. Alexander Dyes (Age 38)Exec. VP of Engineering & Corp. Strategy Comp: $665.96kMs. Hollie Lamb (Age 47)VP of Compliance & GM of the Midland - Texas Office Al PetrieOfficer of Investor RelationsMore ExecutivesKey CompetitorsGenel EnergyOTCMKTS:GEGYYGoodrich PetroleumNYSEAMERICAN:GDPVAALCO EnergyNYSE:EGYAmplify EnergyNYSE:AMPYAlvopetro EnergyOTCMKTS:ALVOFView All CompetitorsInsiders & InstitutionsBarclays PLCSold 23,660 shares on 9/21/2023Ownership: 0.012%Anthony Benedict PetrelliBought 50,000 shares on 9/12/2023Total: $96,000.00 ($1.92/share)Wolverine Trading LLCSold 56,300 shares on 8/23/2023Ownership: 0.000%Nuveen Asset Management LLCBought 45,484 shares on 8/16/2023Ownership: 0.212%Royal Bank of CanadaBought 22,324 shares on 8/15/2023Ownership: 0.046%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ring Energy, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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