REI Overview

Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform (CBP), in the Permian Basin in Texas. Its Lime Rock’s CBP operations are located in the Permian Basin and are focused on the development of approximately 17,700 net acres. The Company's leasehold acreage positions total approximately 97,599 gross (80,919 net) acres, and it holds interests in approximately 935 gross (763 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 60% consisting of oil, 19% consisting of natural gas, and 21% consisting of natural gas liquids. Of those reserves, approximately 69% of the reserves are classified as proved developed and 31% are classified as proved undeveloped.

Wall Street analysts forecast REI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for REI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

Ring Energy Inc revenue for the last quarter amounts to 66.88M USD, decreased -19.84

Ring Energy Inc. EPS for the last quarter amounts to -0.06 USD, decreased -300.00

Ring Energy Inc (REI) has 111 emplpoyees as of March 12 2026.

Today REI has the market capitalization of 301.53M USD.