Stock Price Prediction

Ring Energy (REI) stock is currently trading at a low valuation, reflecting its challenges in the oil and gas sector. Despite beating Q3 earnings estimates with $0.07 EPS, its year-over-year decline in earnings and unfavorable estimate revisions have led to a Zacks Rank #4 (Sell), signaling expected underperformance. With oil price volatility and weak industry rankings, REI's near-term outlook remains bearish.

REI stock currently trades at $1.62, reflecting a 7% year-to-date gain. However, its Zacks Rank #4 (Sell) indicates expected underperformance due to unfavorable earnings estimate revisions and weak industry ranking (bottom 8%). Despite beating Q3 earnings estimates, declining revenues and limited growth prospects suggest bearish sentiment.

The market consensus for REI's revenue in the upcoming quarter is projected to be approximately $89.874M USD.

The market consensus for REI's eps in the upcoming quarter is projected to be approximately $0.087 USD.