Surprising REI Stock Quater Results

Ring Energy Stock Forecast 2025: Price News, Strong History

Ring Energy, Inc. Stock Forecast 2025: There have been 1 Wall Street analyst offering Ring Energy stock forecasts in the last 6 months with an average price target of $7.5, a high forecast of $7.5, and a low forecast of $7.5. From the last price of $2.45499992370605, the average Ring Energy stock forecast represents a 205.5% increase.

According to CNN money Ring Energy Inc, analysts have a median price target of 5.50, with a high estimate of 8.00 and a low estimate of 3.00. This represents a +129.17% increase from its last price of 2.40.

This is about a 40% volumetric increase from 3Q22 sales volumes. Note that while higher-valued oil was projected to be lower on a percentage basis, on an absolute volume basis oil was projected to be higher by about 3000 BPD.

REI Stock forecast

Ring Energy, Inc. (NYSE American: REI) (“Ring”) company is engaged in the business of acquiring, developing, exploiting, and producing oil and natural gas properties. The long-term ring entry #stock forecast as of December 31, 2018, Ring had proved reserves of approximately 102.6 million barrels of oil equivalent (MBOE), including approximately 59.7 MBOE of crude oil and condensate, 19.4 MBOE of natural gas liquids and 23.5 billion cubic feet (Bcf) of natural gas.

REI PRESS RELEASE

The Woodlands, Texas, Dec. 29, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) has released its Sustainability Report for 2022, which can be found on the Company’s website at www.ringenergy.com under “Sustainability”.

Ring Energy Achievements since 2009

In 2009, Ring Energy made its first major oil discovery in Texas, which marked the beginning of its successful drilling program in the state. In 2013, the company expanded into Kansas, and it has since become one of the largest oil and gas producers in the state.

In 2016, Ring Energy completed its initial public offering, and it has since been listed on the NYSE American exchange. In 2017, the company acquired more than 80,000 acres of land in the Permian Basin, which is one of the most active and productive oil and gas regions in the country.

In 2018, Ring Energy reported record production levels and revenue, and it continued to grow its reserves and resources. In 2020, the company announced the closing of its acquisition of Permian Basin assets, which added approximately 14,000 net acres to the company’s holdings and increased production by approximately 25%.

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