REI stock forecast
Our latest prediction for Ring Energy Inc's stock price was made on the Nov. 20, 2023 when the stock price was at 1.76$.
In the short term (2weeks), REI's stock price should underperform the market by -2.66%. During that period the price should oscillate between -8.96% and +3.01%.
In the medium term (3months), REI's stock price should underperform the market by -9.54%. During that period the price should oscillate between -29.86% and +7.96%.Get email alerts
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About Ring Energy Inc
company profile management's primary goal is to enhance shareholder value through the growth of underlying proven reserves with an emphasis on positive cash flow. ring energy, inc. (nyse mkt: rei) is a texas-based oil and gas exploration, development and production company with current operations in texas and kansas. founded in 2012, the experienced management team has aggressively sought to acquire select properties in their "back yard" which provides immediate positive cash flow and development opportunities for future years. as of 12/31/13, the company has, through exploitation and acquisitions, increased their proven reserves to an estimated 7.2 million boe's (barrel of oil equivalents) and an estimated $198 million* in pv-10 (future net revenues discounted 10%). ring energy's management understands what is required to build an oil an gas company from the ground up, having successfully done so on more than one occasion. with over 100 years of combined experienc
At the moment the company doesn't generate any revenue.
On its last earning announcement, the company reported a profit of 0.78$ per share.
The book value per share is 7.47$
Three months stock forecastNov. 20, 2023
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