Ring Energy Inc has a consensus price target of $7.5 based on the ratings of 1 analysts. The high is $7.5 issued by Roth Capital on August 1, 2022. The low is $7.5 issued by Roth Capital on August 1, 2022. The 1 most-recent analyst ratings were released by Roth Capital on August 1, 2022, respectively. With an average price target of $7.5 between Roth Capital, there's an implied 500.00% upside for Ring Energy Inc from these most-recent analyst ratings.
1calculated from analyst ratings
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 500.00% 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.
There is no last upgrade for Ring Energy
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 $1.25, which is within the analyst’s predicted range.
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