$1.33
6.40% today
NYSE, Dec 30, 10:14 pm CET
ISIN
US76680V1089
Symbol
REI
Sector
Industry

Ring Energy Target price 2024 - Analyst rating & recommendation

Ring Energy Classifications & Recommendation:

Buy
33%
Hold
67%

Ring Energy Price Target

Target Price $3.00
Price $1.25
Potential
Number of Estimates 2
2 Analysts have issued a price target Ring Energy 2025 . The average Ring Energy target price is $3.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 3 analysts: 1 Analysts recommend Ring Energy to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Ring Energy stock has an average upside potential 2025 of . Most analysts recommend the Ring Energy stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 361.06 371.42
3.98% 2.87%
EBITDA Margin 65.31% 64.28%
9.49% 1.58%
Net Margin 29.64% 19.74%
47.01% 33.41%

4 Analysts have issued a sales forecast Ring Energy 2024 . The average Ring Energy sales estimate is

$371m
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. This is
2.98% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$377m 1.65%
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, the lowest is
$368m 3.90%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $361m 3.98%
2024
$371m 2.87%
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2025
$377m 1.46%
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2026
$443m 17.55%
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4 Analysts have issued an Ring Energy EBITDA forecast 2024. The average Ring Energy EBITDA estimate is

$239m
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. This is
4.61% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$245m 2.16%
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, the lowest is
$235m 5.93%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $236m 5.89%
2024
$239m 1.24%
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2025
$242m 1.41%
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2026
$301m 24.31%
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EBITDA Margin

2023 65.31% 9.49%
2024
64.28% 1.58%
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2025
64.25% 0.05%
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2026
67.95% 5.76%
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1 Analyst has issued a net profit forecast Ring Energy 2024 . The average Ring Energy net profit estimate is

$73.3m
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. This is
35.09% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$73.3m 35.09%
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, the lowest is
$73.3m 35.09%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $107m 44.90%
2024
$73.3m 31.49%
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2025
$55.5m 24.31%
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Net Margin

2023 29.64% 47.01%
2024
19.74% 33.41%
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2025
14.73% 25.38%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.54 0.37
44.90% 31.48%
P/E 3.38
EV/Sales 1.73

1 Analysts have issued a Ring Energy forecast for earnings per share. The average Ring Energy <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.37
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. This is
35.09% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.37 35.09%
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, the lowest is
$0.37 35.09%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.54 44.90%
2024
$0.37 31.48%
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2025
$0.28 24.32%
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P/E ratio

Current 2.21 47.75%
2024
3.38 52.94%
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2025
4.46 31.95%
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Based on analysts' sales estimates for 2024, the Ring Energy stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.68 17.24%
2024
1.73 3.25%
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2025
1.71 1.45%
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2026
1.45 14.93%
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P/S ratio

Current 0.65 21.99%
2024
0.67 3.06%
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2025
0.66 1.44%
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2026
0.56 14.92%
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