Ring Energy, Inc. (REI)

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 '22	Oct '22	Nov '22	Dec '22	Jan '23	Feb '23
Strong Buy	1	1	1	1	1	1
Buy	4	4	4	4	4	3
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	8	8	8	8	8	7

Financial Forecast

Revenue This Year

368.45M

Increased by 87.69%

from 196.31M

Revenue Next Year

447.44M

Increased by 21.44%

from 368.45M

EPS This Year

0.79

Increased by 2,537.21%

from 0.03

EPS Next Year

0.98

Increased by 23.36%

from 0.79

Year	2017	2018	2019	2020	2021	2022	2023
Revenue	66.70M	120.07M	195.70M	113.03M	196.31M	368.45M	447.44M
Revenue Growth	116.20%	80.01%	63.00%	-42.25%	73.68%	87.69%	21.44%
EPS	0.03	0.15	0.44	-3.48	0.03	0.79	0.98
EPS Growth	-	400.00%	193.33%	-	-	2,537.21%	23.36%
No. Analysts	-	-	-	-	-	5	5

Revenue Forecast

Revenue	2022	2023
High	386.0M	485.1M
Avg	368.5M	447.4M
Low	354.8M	415.5M

Revenue Growth

Revenue Growth	2022	2023
High	96.6%	31.7%
Avg	87.7%	21.4%
Low	80.7%	12.8%

EPS Forecast

EPS	2022	2023
High	0.98	1.16
Avg	0.79	0.98
Low	0.54	0.75

EPS Growth

EPS Growth	2022	2023
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.