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

0 Wall Street analysts have issued 12 month price targets for Ring Energy's shares. 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 96.1% 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 2024?

Ring Energy's stock was trading at $1.39 at the start of the year. Since then, REI stock has increased by 46.8% and is now trading at $2.04. View the best growth stocks for 2024 here .

How were Ring Energy's earnings last quarter?

Ring Energy, Inc. (NYSEAMERICAN:REI) posted its earnings results on Thursday, March, 7th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.04. The business had revenue of $99.94 million for the quarter, compared to analyst estimates of $95.39 million. Ring Energy had a net margin of 29.04% and a trailing twelve-month return on equity of 12.48%.

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 variety of institutional and retail investors. Top institutional investors include DGS Capital Management LLC (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEAMERICAN:REI

Ring Energy (REI) Stock Price, News & Analysis

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$2.04

-0.02 (-0.97%)

(As of 11:38 AM ET)

Compare

Today's Range: $1.99
▼
$2.08
50-Day Range: N/A
52-Week Range: $1.25
▼
$2.43

Volume: 624,016 shs
Average Volume: 1.91 million shs
Market Capitalization: $403.78 million

P/E Ratio: 3.78
Dividend Yield: N/A
Price Target: $4.00

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Ring Energy MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 96.1% Upside
$4.00 Price Target
Short Interest: Bearish
6.88% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.45%
From $0.55 to $0.58 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.43 out of 5 stars

2.0

Analyst's Opinion

Amount of Analyst Coverage
Ring Energy has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.88% 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 7.2.
Change versus previous month
Short interest in Ring Energy has recently increased by 2.10%, 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.

2.8

News and Social Media Coverage

News Sentiment
Ring Energy has a news sentiment score of 1.00. 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 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ring Energy this week, compared to 2 articles on an average week.
Search Interest
23 people have searched for REI on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Ring Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ring Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Ring Energy is held by insiders.
Percentage Held by Institutions
77.14% of the stock of Ring Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ring Energy are expected to grow by 5.45% in the coming year, from $0.55 to $0.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ring Energy is 3.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ring Energy is 3.78, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.65.
Price to Book Value per Share Ratio
Ring Energy has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Ring Energy Stock (NYSEAMERICAN:REI)

Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico. It 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

April 15, 2024 | investorplace.com

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I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.

March 25, 2024 | globenewswire.com

Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024

March 22, 2024 | investorplace.com

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March 18, 2024 | investorplace.com

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March 13, 2024 | investorplace.com

The 3 Most Undervalued Stocks to Buy for Under $5 in March 2024

March 12, 2024 | globenewswire.com

Ring Energy Announces Participation in 36th Annual Roth Conference

March 10, 2024 | finance.yahoo.com

Ring Energy, Inc. (AMEX:REI) Q4 2023 Earnings Call Transcript

March 9, 2024 | finanznachrichten.de

Ring Energy, Inc.: Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance

March 9, 2024 | finance.yahoo.com

Q4 2023 Ring Energy Inc Earnings Call

March 8, 2024 | finance.yahoo.com

Ring Energy Inc (REI) Posts Record Q4 and Full-Year 2023 Results

March 8, 2024 | investorplace.com

From Zero to Hero: 7 Penny Stocks Set for a Decade of Dominance

March 7, 2024 | msn.com

REI Stock Earnings: Ring Energy Misses EPS, Beats Revenue for Q4 2023

March 7, 2024 | sfgate.com

Ring Energy: Q4 Earnings Snapshot

March 7, 2024 | globenewswire.com

Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance

March 6, 2024 | msn.com

Ring Energy Q4 2023 Earnings Preview

March 6, 2024 | investorplace.com

See More Headlines

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Company Calendar

Last Earnings: 3/07/2024
Today: 4/16/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSEAMERICAN:REI
CUSIP: N/A
CIK: 1384195
Web: www.ringenergy.com
Phone: (281) 397-3699
Fax: N/A
Employees: 108
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: +94.2%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.54
Trailing P/E Ratio: 3.81
Forward P/E Ratio: 3.75
P/E Growth: N/A
Net Income: $104.86 million
Net Margins: 29.04%
Pretax Margin: 29.08%
Return on Equity: 12.48%
Return on Assets: 6.96%

Debt

Debt-to-Equity Ratio: 0.54
Current Ratio: 0.49
Quick Ratio: 0.44

Sales & Book Value

Annual Sales: $361.06 million
Price / Sales: 1.13
Cash Flow: $0.94 per share
Price / Cash Flow: 2.18
Book Value: $4.02 per share
Price / Book: 0.51

Miscellaneous

Outstanding Shares: 197,930,000
Free Float: 195,163,000
Market Cap: $407.74 million
Optionable: Not Optionable
Beta: 1.76

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Key Executives

Mr. Paul D. McKinney (Age 65)
CEO & Chairman of the Board
Comp: $1.35M
Mr. Travis T. Thomas (Age 46)
Executive VP, CFO, Corporate Secretary & Treasurer
Comp: $668.5k
Mr. Marinos Christos Baghdati (Age 47)
Executive Vice President of Operations
Comp: $668.5k
Mr. Stephen Donald Brooks (Age 68)
Executive Vice President of Land, Legal, Human Resources & Marketing
Comp: $668.5k
Mr. Alexander Dyes (Age 39)
Executive Vice President of Engineering & Corporate Strategy
Comp: $665.96k
Ms. Hollie Lamb (Age 48)
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 shares. 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 96.1% 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 2024?: Ring Energy's stock was trading at $1.39 at the start of the year. Since then, REI stock has increased by 46.8% and is now trading at $2.04.
View the best growth stocks for 2024 here.
How were Ring Energy's earnings last quarter?: Ring Energy, Inc. (NYSEAMERICAN:REI) posted its earnings results on Thursday, March, 7th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.04. The business had revenue of $99.94 million for the quarter, compared to analyst estimates of $95.39 million. Ring Energy had a net margin of 29.04% and a trailing twelve-month return on equity of 12.48%.
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 variety of institutional and retail investors. Top institutional investors include DGS Capital Management LLC (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:REI) was last updated on 4/16/2024 by MarketBeat.com Staff

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