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Roth MKM Maintains Hold Rating on Ring Energy with $3.00 Price Target
ByAinvest
Thursday, Mar 6, 2025 8:25 am ET1min read
Roth MKM analyst John M. White maintains a Hold rating on Ring Energy (REI) with a price target of $3.00. The company has a one-year high of $2.20 and a one-year low of $1.15. Corporate insider sentiment is negative, with an increase in insider selling in December 2024. Ring Energy has a Hold rating and a price target consensus of $3.00.
Ring Energy, Inc. (REI), an oil and gas exploration and production company based in the United States, has maintained a steady outlook according to a recent analysis by Roth MKM analyst John M. White. With a Hold rating and a $3.00 price target, White's assessment aligns with the consensus among analysts covering the stock ([1]).White's rating is not an isolated opinion. According to data from Benzinga, the overall average return for analysts covering REI stands at 17.0%, with a Smart Score of 67.7% ([2]). These figures suggest a positive outlook from the analyst community, although they do not guarantee future performance.
The current price of REI shares is $1.28, reflecting a 0.79% increase from the previous day's close ([3]). The company's one-year high is $2.20, while its one-year low is $1.15. Despite this range, corporate insider sentiment has turned negative, with an increase in insider selling observed in December 2024 ([1]).
In terms of financial metrics, Ring Energy reported an income of $112.71 million for the year, with a P/E ratio of 2.26 and an EPS of $0.57 ([3]). The company's insider ownership stands at 30.00%, while the percentage of shares outstanding is 138.74% ([3]).
In conclusion, while Roth MKM analyst John M. White's Hold rating and $3.00 price target for Ring Energy (REI) may not be groundbreaking, they are in line with the consensus among analysts covering the stock. With a positive overall average return and a Smart Score, the analyst community appears to maintain a generally optimistic view of REI's prospects. However, the recent increase in insider selling and the negative corporate insider sentiment should be closely monitored.
[1] https://www.ringenergy.com/investors/stock-data/analyst-coverage
[2] https://www.benzinga.com/analyst-stock-ratings/analyst/5ba12f2d211e200001e3c379/john-white
[3] https://finviz.com/quote.ashx?t=REI
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