Nov. 20, 2023 Price forecast | 2 weeks: -2.66% | 1 month: 0.18% | 3 months: -9.54%

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%.

Create a solid portfolio with REI

Add REI to your portfolio and optimize it!

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$

Ring Energy Inc website

Three months stock forecastNov. 20, 2023

Financials

Revenue USD Gross Margin Operating Income Operating Margin Net Income Earnings Per Share Dividends Payout Ratio Shares Book Value Per Share Operating Cash Flow Cap Spending Free Cash Flow
- - 168M - 82M 0.78 - - 195M 7.47 - - -