Ring Energy, Inc. with ticker code (REI) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 8 and 3 and has a mean target at $5.50. Now with the previous closing price of $1.87 and the analysts are correct then there would likely be a percentage uptick in value of 194.1%. The 50 day moving average now sits at $2.25 while the 200 day moving average is $2.76. The total market capitalization for the company now stands at $347m. You can visit the company’s website by visiting: https://www.ringenergy.com
The potential market cap would be $1,020m based on the market consensus.
Ring Energy, Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. It had interests in 54,959 net developed acres and 2,337 net undeveloped acres in Andrews, Gaines, Crane, Winkler, and Ward counties, Texas; and 13,930 net developed acres and 12,512 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.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 1.86, revenue per share of 2.72 and a 10.89% return on assets.
