In a report released today, Neal Dingmann from Truist Financial maintained a Hold rating on Ring Energy (REI – Research Report). The company’s shares closed last Friday at $1.56.
According to TipRanks, Dingmann is a top 100 analyst with an average return of 13.6% and a 69.88% success rate. Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, Northern Oil And Gas, and Devon Energy.
Currently, the analyst consensus on Ring Energy is a Moderate Buy with an average price target of $3.00.
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REI market cap is currently $308.8M and has a P/E ratio of 2.90.
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Ring Energy (REI) Company Description:
Ring Energy, Inc. is an oil and gas exploration company which engages in oil and natural gas acquisition, exploration, development and production activities. The firm’s areas of operation situated in the Permian Basin; the Central Basin Platform and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in Midland, TX.
Read More on REI:
- Ring Energy Shares Corporate Update Materials
- Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance
- Ring Energy sees FY24 sales volumes 18,000-19,000 Boe/d
- Ring Energy sees Q1 total sales volumes 18,000-18,500 Boe/d
- Ring Energy reports Q4 adjusted EPS 11c, consensus 12c
