Ring Energy, Inc. (REI) Social Stream
RING ENERGY INC (REI) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering REI.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-11-10 | 4 | $4.75 | $4 | $4.375 | $1.37 | 219.34% |
| 2022-02-22 | 4 | $4.75 | $3 | $3.875 | $1.37 | 182.85% |
| 2022-03-07 | 2 | $4.75 | $3 | $3.875 | $1.37 | 182.85% |
| 2022-04-26 | 2 | $4.75 | $4 | $4.375 | $1.37 | 219.34% |
| 2022-05-11 | 2 | $4.9 | $4 | $4.45 | $1.37 | 224.82% |
| 2022-07-19 | 2 | $4.9 | $3 | $3.95 | $1.37 | 188.32% |
| 2022-10-14 | 2 | $7.5 | $3 | $5.25 | $1.37 | 283.21% |
| 2022-12-12 | 2 | $8 | $3 | $5.5 | $1.37 | 301.46% |
| 2023-05-03 | 2 | $8 | $8 | $8 | $1.37 | 483.94% |
| 2023-10-29 | 2 | $3.5 | $3.5 | $3.5 | $1.37 | 155.47% |
The Trend in the Analyst Price Target
Over the past 18 months, REI's average price target has gone down $0.95.
Over the past 34 weeks, REI's average upside potential has been 200.18%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-03-08 | 2 | 8.0 | 8.0 | 8.0 | 2.07 | 286.47% |
| 2023-05-03 | 2 | 8.0 | 8.0 | 8.0 | 1.69 | 373.37% |
| 2023-07-28 | 2 | 3.5 | 3.5 | 3.5 | 2.39 | 46.44% |
| 2023-10-29 | 2 | 3.5 | 3.5 | 3.5 | 1.80 | 94.44% |
REI Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 2 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
Over the past 21 months, REI's average broker recommendation rating worsened by 1.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for REI as an investment opportunity.
- REI has a greater upside potential (average analyst target price relative to current price) than 1084.33% of Energy stocks.
- REI has a greater average analyst price target than 15.68% of Petroleum and Natural Gas stocks.
- In the context of Petroleum and Natural Gas stocks, RING ENERGY INC's number of analysts covering the stock is greater than 31.46% of them.
- REI has a lower variance in analysts' estimates than -290.75% of Petroleum and Natural Gas stocks.
In the Petroleum and Natural Gas industry, SNMP, CEI, and DMLP are the three stocks most similar to RING ENERGY INC regarding the price target and analyst recommendation information presented here.
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