What is Ring Energy's stock price target for 2024?

0 Wall Street analysts have issued 12 month price targets for Ring Energy's stock. Their REI share price targets range from $4.00 to $4.00. On average, they expect the company's stock price to reach $4.00 in the next year. This suggests a possible upside of 158.1% 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 on January 1st, 2023. Since then, REI stock has decreased by 34.3% and is now trading at $1.55. View the best growth stocks for 2023 here .

When is Ring Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our REI earnings forecast .

How were Ring Energy's earnings last quarter?

Ring Energy, Inc. (NYSEAMERICAN:REI) posted its earnings results on Thursday, November, 2nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.01. The company earned $93.68 million during the quarter, compared to analyst estimates of $90.20 million. Ring Energy had a net margin of 18.97% and a trailing twelve-month return on equity of 13.15%.

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) .

Who are Ring Energy's major shareholders?

Ring Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Ameriprise Financial Inc. (1.87%), AQR Capital Management LLC (1.81%), Brandywine Global Investment Management LLC (0.86%), American Century Companies Inc. (0.62%), Northern Trust Corp (0.49%) and UBS Group AG (0.41%). Insiders that own company stock include Anthony Benedict Petrelli, John A Crum, Paul D Mckinney, Richard E Harris, 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 .

Ring Energy (REI) Stock Price, News & Analysis

$1.55

+0.04 (+2.65%)

(As of 12/8/2023 08:57 PM ET)

Compare

Today's Range: $1.50
▼
$1.58
50-Day Range: N/A
52-Week Range: $1.38
▼
$2.54

Volume: 1.29 million shs
Average Volume: 2.32 million shs
Market Capitalization: $303.23 million

P/E Ratio: 4.31
Dividend Yield: N/A
Price Target: $4.00

Ring Energy MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 158.1% Upside
$4.00 Price Target
Short Interest: Bearish
7.70% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.89
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$261,500 Bought Last Quarter
Proj. Earnings Growth: 47.27%
From $0.55 to $0.81 Per Share

Overall MarketRank^™

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

2.25 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 158.1% from its current price of $1.55.
Amount of Analyst Coverage
Ring Energy has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.70% 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 6.6.
Change versus previous month
Short interest in Ring Energy has recently increased by 4.65%, indicating that investor sentiment is decreasing.

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.

3.3

News and Social Media Coverage

News Sentiment
Ring Energy has a news sentiment score of 0.89. 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 0.67 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ring Energy this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for REI on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
MarketBeat Follows
3 people have added Ring Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ring Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $261,500.00 in company stock and sold $0.00 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 47.27% in the coming year, from $0.55 to $0.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ring Energy is 4.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ring Energy is 4.31, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.85.
Price to Book Value per Share Ratio
Ring Energy has a P/B Ratio of 0.41. 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 Stock (NYSEAMERICAN:REI)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

REI Stock News Headlines

December 5, 2023 | benzinga.com

Smart Money Move: John A Crum Grabs $83K Worth Of Ring Energy Stock

December 5, 2023 | finance.yahoo.com

Sidoti Events, LLC's Virtual December Small-Cap Conference

December 11, 2023 | Edge On The Street (Ad)

U.S. Military Defense Fails Without Vanadium?

The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.

December 5, 2023 | americanbankingnews.com

Ring Energy, Inc. (NYSEAMERICAN:REI) Director John A. Crum Acquires 50,000 Shares

December 3, 2023 | benzinga.com

Ring Energy Stock (AMEX:REI), Short Interest Report

December 1, 2023 | finance.yahoo.com

Ring Energy to Present at Sidoti Virtual Investor Conference

November 16, 2023 | morningstar.com

Ring Energy Inc REI

November 7, 2023 | seekingalpha.com

Ring Energy: Undervalued Permian Play And Strong Q3

December 11, 2023 | Edge On The Street (Ad)

U.S. Military Defense Fails Without Vanadium?

November 5, 2023 | finance.yahoo.com

Ring Energy, Inc. (AMEX:REI) Q3 2023 Earnings Call Transcript

November 4, 2023 | finance.yahoo.com

Q3 2023 Ring Energy Inc Earnings Call

November 3, 2023 | finance.yahoo.com

Ring Energy Inc (REI) Reports Q3 2023 Earnings, Records 10% Increase in Adjusted EBITDA

November 3, 2023 | finanznachrichten.de

Ring Energy, Inc.: Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance

November 2, 2023 | finance.yahoo.com

Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance

November 1, 2023 | benzinga.com

Ring Energy's Earnings Outlook

October 28, 2023 | finance.yahoo.com

7 Penny Stocks With the Potential to Strike Gold

October 19, 2023 | finance.yahoo.com

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

October 18, 2023 | markets.businessinsider.com

Truist Financial Sticks to Its Hold Rating for Ring Energy (REI)

October 4, 2023 | msn.com

Ring Energy: Focusing On Free Cash Flow

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

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

12 Best Quality Penny Stocks to Buy

August 11, 2023 | finance.yahoo.com

Ring Energy Announces Participation in Upcoming Energy Investor Conferences

August 8, 2023 | markets.businessinsider.com

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

See 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.

Company Calendar

Last Earnings: 11/02/2023
Today: 12/11/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/07/2024

Get Stock Alerts

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 Target: $4.00
High Stock Price Target: $4.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +158.1%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.36
Trailing P/E Ratio: 4.31
Forward P/E Ratio: 2.82
P/E Growth: N/A
Net Income: $138.63 million
Net Margins: 18.97%
Pretax Margin: 17.53%
Return on Equity: 13.15%
Return on Assets: 7.17%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 0.39
Quick Ratio: 0.35

Sales & Book Value

Annual Sales: $347.25 million
Price / Sales: 0.87
Cash Flow: $0.93 per share
Price / Cash Flow: 1.66
Book Value: $3.79 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 195,630,000
Free Float: 192,891,000
Market Cap: $303.23 million
Optionable: Not Optionable
Beta: 1.84

7 Stocks to Buy And Hold Forever

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

Mr. Paul D. McKinney (Age 64)
CEO & Chairman of the Board
Comp: $1.35M
Mr. Travis T. Thomas (Age 45)
Executive VP, CFO, Corporate Secretary & Treasurer
Comp: $668.5k
Mr. Marinos Christos Baghdati (Age 46)
Executive Vice President of Operations
Comp: $668.5k
Mr. Stephen Donald Brooks (Age 67)
Executive Vice President of Land, Legal, Human Resources & Marketing
Comp: $668.5k
Mr. Alexander Dyes (Age 38)
Executive Vice President of Engineering & Corporate 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 Analysis - Frequently Asked Questions

What is Ring Energy's stock price target for 2024?: 0 Wall Street analysts have issued 12 month price targets for Ring Energy's stock. Their REI share price targets range from $4.00 to $4.00. On average, they expect the company's stock price to reach $4.00 in the next year. This suggests a possible upside of 158.1% 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 on January 1st, 2023. Since then, REI stock has decreased by 34.3% and is now trading at $1.55.
View the best growth stocks for 2023 here.
When is Ring Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our REI earnings forecast.
How were Ring Energy's earnings last quarter?: Ring Energy, Inc. (NYSEAMERICAN:REI) posted its earnings results on Thursday, November, 2nd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.01. The company earned $93.68 million during the quarter, compared to analyst estimates of $90.20 million. Ring Energy had a net margin of 18.97% and a trailing twelve-month return on equity of 13.15%.

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).
Who are Ring Energy's major shareholders?: Ring Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Ameriprise Financial Inc. (1.87%), AQR Capital Management LLC (1.81%), Brandywine Global Investment Management LLC (0.86%), American Century Companies Inc. (0.62%), Northern Trust Corp (0.49%) and UBS Group AG (0.41%). Insiders that own company stock include Anthony Benedict Petrelli, John A Crum, Paul D Mckinney, Richard E Harris, 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.

This page (NYSEAMERICAN:REI) was last updated on 12/11/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial