Ring Energy Inc has a consensus price target of $7.5, established from looking at the 2 latest analyst ratings. The last 2 analyst ratings were released from Roth Capital and Roth Capital on August 1, 2022 and October 14, 2021. With an average price target of $6.13 between Roth Capital and Roth Capital, there's an implied NaN% downside for Ring Energy Inc from these 2 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
08/01/2022 | REI | Buy Now | Ring Energy | — | — | Roth Capital | John White | → $7.5 | Downgrade | Buy → Neutral | Get Alert |
10/14/2021 | REI | Buy Now | Ring Energy | — | — | Roth Capital | John White | — | Upgrade | Neutral → Buy | Get Alert |
The latest price target for Ring Energy (AMEX: REI) was reported by Roth Capital on August 1, 2022. The analyst firm set a price target for $7.50 expecting REI to rise to within 12 months (a possible 288.60% upside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for Ring Energy (AMEX: REI) was provided by Roth Capital, and Ring Energy downgraded their neutral rating.
The last upgrade for Ring Energy Inc happened on October 14, 2021 when Roth Capital raised their price target to $4.75. Roth Capital previously had a neutral for Ring Energy Inc.
The last downgrade for Ring Energy Inc happened on August 1, 2022 when Roth Capital changed their price target from N/A to $7.5 for Ring Energy Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ring Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ring Energy was filed on August 1, 2022 so you should expect the next rating to be made available sometime around August 1, 2023.
While ratings are subjective and will change, the latest Ring Energy (REI) rating was a downgraded with a price target of $0.00 to $7.50. The current price Ring Energy (REI) is trading at is $1.93, which is within the analyst’s predicted range.
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