Ring Energy, Inc. (REI)

NYSEAMERICAN: REI · IEX Real-Time Price · USD
2.32
+0.11 (4.98%)
Feb 7, 2023, 4:00 PM EST - Market closed

Stock Price Forecast

According to 7 stock analysts, the average 12-month stock price forecast for Ring Energy stock is $5.61, which predicts an increase of 141.81%. The lowest target is $3.03 and the highest is $8.4. On average, analysts rate Ring Energy stock as a buy.
Analyst Consensus: Buy
Target Low Average Median High
Price $3.03 $5.61 $5.61 $8.4
Change +30.60% +141.81% +141.81% +262.07%

Analyst Ratings

The average analyst rating for Ring Energy stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Sep '22Oct '22Nov '22Dec '22Jan '23Feb '23
Strong Buy 111111
Buy 444443
Hold 333333
Sell 000000
Strong Sell 000000
Total 888887

Financial Forecast

Revenue This Year
368.45M
from 196.31M
Increased by 87.69%
Revenue Next Year
447.44M
from 368.45M
Increased by 21.44%
EPS This Year
0.79
from 0.03
Increased by 2,537.21%
EPS Next Year
0.98
from 0.79
Increased by 23.36%
Year 2017201820192020202120222023
Revenue
66.70M120.07M195.70M113.03M196.31M368.45M447.44M
Revenue Growth
116.20%
80.01%
63.00%
-42.25%
73.68%
87.69%
21.44%
EPS
0.030.150.44-3.480.030.790.98
EPS Growth
-
400.00%
193.33%
--
2,537.21%
23.36%
No. Analysts -----55

Revenue Forecast

Revenue 20222023
High 386.0M 485.1M
Avg 368.5M 447.4M
Low 354.8M 415.5M

Revenue Growth

Revenue Growth 20222023
High
96.6%
31.7%
Avg
87.7%
21.4%
Low
80.7%
12.8%

EPS Forecast

EPS 20222023
High 0.98 1.16
Avg 0.79 0.98
Low 0.54 0.75

EPS Growth

EPS Growth 20222023
High
3,155.0%
46.0%
Avg
2,537.2%
23.4%
Low
1,696.7%
-4.6%
Sources: Price target, rating and forecast data provided by Finnhub and sourced from Wall Street analysts and other sell-side and buy-side analysts and investors. Data disclaimer.