Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 1, 2026, Ring Energy, Inc. (REI) has a Wall Street consensus price target of $2.50, based on estimates from 10 covering analysts. With the stock currently trading at $1.41, this represents a potential upside of +77.3%. The company has a market capitalization of $292M.
Analyst price targets range from a low of $2.50 to a high of $2.50, representing a 0% spread in expectations. The median target of $2.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, REI trades at a trailing P/E of 4.1x and forward P/E of 8.8x. Analysts expect EPS to grow +304.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1.83, with bear and bull scenarios of $-7.33 and $4.04 respectively. Model confidence stands at 34/100, suggesting limited visibility into future performance.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how REI stacks up against sector leader California Resources Corporation.
Start ComparisonThe consensus Wall Street price target for REI is $2.5, representing 77.3% upside from the current price of $1.41. With 10 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
REI has a consensus rating of "Buy" based on 10 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $2.5 implies 77.3% upside from current levels.
With a forward P/E of 8.8125x, REI trades at a relatively low valuation. The consensus target of $2.5 implies 77.3% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $2.5 for REI, while the most conservative target is $2.5. The consensus of $2.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $4 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
REI is moderately covered, with 10 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month REI stock forecast based on 10 Wall Street analysts shows a consensus price target of $2.5, with estimates ranging from $2.5 (bear case) to $2.5 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $2, with bear/bull scenarios of $-7/$4.
Our quantitative valuation model calculates REI's fair value at $2 (base case), with a bear case of $-7 and bull case of $4. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 34/100.
REI trades at a forward P/E ratio of 8.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 4.1x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on REI, with a "Buy" consensus rating and $2.5 price target (77.3% upside). 6 of 10 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
REI analyst price targets range from $2.5 to $2.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $2.5 consensus represents the middle ground. Our model's $-7-$4 range provides an independent fundamental perspective.