Analyst Price Target is $4.38
▲ +63.25% Upside Potential
This price target is based on 3 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 63.25% upside from the last price of $2.68.
Current Consensus is
The current consensus among 3 polled investment analysts is to buy stock in Ring Energy. This rating has held steady since March 2021, when it changed from a Hold consensus rating.
Ring Energy, Inc. is an oil and gas exploration company which engages in oil and natural gas acquisition, exploration, development and production activities. The firm's areas of operation situated in the Permian Basin; the Central Basin Platform and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in The Woodlands, TX.