Ring Energy

REI · NYSE American

$1.38+$0.01 (+0.73%)TodayMarket closed · Oct 20, 8:00 PM ET

Prev close $1.37

REI analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $2.28 (+65.4% upside)

Low: $2.02
Now: $1.38
High: $2.84

Upgrades and downgrades

The latest rating actions, newest first

REI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Mizuho	Sep 2, 2026	Initiates	Neutral	$2.00	60%
B of A Securities	Jul 15, 2026	Initiates	Buy	$2.00	100%

The case for and against

Updated May 8, 2025

Bull case

Ring Energy Inc. demonstrated strong operational performance with in-place occupancy increasing to 97%, reflecting a 40 basis points improvement quarter over quarter, alongside a record high committed occupancy rate of 97.8%. The re-leasing of all 10 bankruptcy-related vacancies at higher rents to higher quality tenants highlights the company's ability to enhance cash flow durability, underpinned by the high quality of its properties. Moreover, the average net rent per square foot improved to $22.12, indicating a positive trend in revenue generation, further supporting an optimistic outlook for the company’s financial performance.

Bear case

Ring Energy Inc. exhibits several concerning financial trends that contribute to a negative outlook. The company's residential occupancy rate declined by 170 basis points quarter-over-quarter, falling to 94.6%, alongside a notable drop in their net equity value by approximately $30 million, or 7%, attributed to lower occupancy assumptions. Furthermore, despite a slight decrease in reported adjusted debt-to-EBITDA ratios, the estimated debt to gross book value increased to around 48.3%, raising concerns regarding financial stability amid high-interest rate pressures and potential economic downturns.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.