• Consensus Rating: Hold
  • Consensus Price Target: $4.38
  • Forecasted Upside: 68.92 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$2.59
▲ +0.27 (11.64%)

This chart shows the closing price for REI by one month, three months, or twelve months.

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Analyst Price Target for REI

Analyst Price Target is $4.38
▲ +68.92% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Ring Energy in the last 3 months. The average price target is $4.38, with a high forecast of $4.75 and a low forecast of $4.00. The average price target represents a 68.92% upside from the last price of $2.59.

This chart shows the closing price for REI for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 2 polled investment analysts is to hold stock in Ring Energy. This rating has held steady since October 2021, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/12/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/11/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/9/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/7/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/7/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/6/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/4/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/4/2022

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/1/2022Roth CapitalDowngradeBuy ➝ Neutral
10/14/2021Roth CapitalUpgradeNeutral ➝ Buy$4.00 ➝ $4.75
10/7/2021Truist FinancialBoost TargetHold$3.00 ➝ $4.00
3/8/2021Alliance Global PartnersInitiated CoverageBuy
8/12/2020Northland SecuritiesReiterated RatingHold
7/27/2020Northland SecuritiesReiterated RatingHold
6/18/2020Northland SecuritiesInitiated CoverageHold
5/14/2020Northland SecuritiesReiterated RatingHold
3/23/2020Northland SecuritiesReiterated RatingHold
3/17/2020Alliance Global PartnersDowngradeBuy ➝ Neutral
3/17/2020Johnson RiceDowngradeBuy ➝ Accumulate$1.00
3/13/2020Northland SecuritiesDowngradeOutperform ➝ Hold
3/13/2020Roth CapitalDowngradeBuy ➝ Neutral
3/9/2020SunTrust BanksDowngradeBuy ➝ Hold$5.00 ➝ $1.00
10/21/2019Northland SecuritiesSet TargetBuy$2.80
8/26/2019LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral$5.00 ➝ $3.00
8/22/2019Imperial CapitalLower TargetOutperform$6.00 ➝ $4.00
5/28/2019Johnson RiceInitiated CoverageBuy ➝ Buy
4/23/2019Northland SecuritiesReiterated RatingBuy$9.00
3/21/2019Northland SecuritiesReiterated RatingBuy$9.00
1/29/2019Roth CapitalLower TargetBuy$17.00 ➝ $12.00
12/28/2018Imperial CapitalSet TargetBuy$8.00
12/20/2018Imperial CapitalSet TargetBuy$8.00
12/20/2018Capital One FinancialDowngradeOverweight ➝ Equal Weight
12/20/2018Imperial CapitalLower TargetOutperform$8.00
12/2/2018SunTrust BanksReiterated RatingBuy$12.00
10/29/2018Ifs SecuritiesReiterated RatingOutperform
10/4/2018SunTrust BanksLower TargetBuy$14.00
10/4/2018Imperial CapitalSet TargetOutperform ➝ Outperform$18.00 ➝ $15.00
4/24/2018StephensReiterated RatingBuy$19.00
3/20/2018B. RileySet TargetBuy$20.00
3/9/2018B. RileySet TargetBuy$20.00
2/5/2018B. RileyReiterated RatingBuy
2/5/2018B. RileyInitiated CoverageBuy ➝ Buy$22.00
1/16/2018Roth CapitalSet TargetBuy$22.00
1/11/2018KLR GroupInitiated CoverageBuy
12/21/2017KLR GroupInitiated CoverageBuy ➝ Buy$20.00
12/11/2017Northland SecuritiesSet TargetBuy$18.00
11/10/2017SunTrust BanksReiterated RatingBuy$19.00
10/21/2017Northland SecuritiesSet TargetBuy$20.00
10/6/2017Roth CapitalSet TargetBuy$20.00
(Data available from 10/4/2017 forward)

News Sentiment Rating

0.59 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/8/2022
  • 4 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
4/7/2022
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/7/2022
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/6/2022
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/6/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/5/2022
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/4/2022
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/4/2022

Current Sentiment

  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

  • No very positive mentions tracked during this time.
Ring Energy logo
Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 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.
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Today's Range

Now: $2.59
Low: $2.44
High: $2.60

50 Day Range

MA: N/A

52 Week Range

Now: $2.59
Low: $2.02
High: $5.09

Volume

1,632,562 shs

Average Volume

2,646,556 shs

Market Capitalization

$338.20 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.13

Frequently Asked Questions

What sell-side analysts currently cover shares of Ring Energy?

The following Wall Street sell-side analysts have issued reports on Ring Energy in the last twelve months: Roth Capital, and Truist Financial Co..
View the latest analyst ratings for REI.

What is the current price target for Ring Energy?

2 Wall Street analysts have set twelve-month price targets for Ring Energy in the last year. Their average twelve-month price target is $4.38, suggesting a possible upside of 68.9%. Roth Capital has the highest price target set, predicting REI will reach $4.75 in the next twelve months. Truist Financial Co. has the lowest price target set, forecasting a price of $4.00 for Ring Energy in the next year.
View the latest price targets for REI.

What is the current consensus analyst rating for Ring Energy?

Ring Energy currently has 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in REI, but not buy more shares or sell existing shares.
View the latest ratings for REI.

What other companies compete with Ring Energy?

How do I contact Ring Energy's investor relations team?

Ring Energy's physical mailing address is 901 WEST WALL STREET THIRD FLOOR, MIDLAND TX, 79701. The company's listed phone number is (281) 397-3699 and its investor relations email address is [email protected] The official website for Ring Energy is www.ringenergy.com. Learn More about contacing Ring Energy investor relations.