Added to YB: 2025-09-24
Pitch date: 2025-08-05
REI [bullish]
Ring Energy, Inc.
+17.12%
current return
Author Info
No bio for this author
Company Info
Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties.
Market Cap
$204.1M
Pitch Price
$0.75
Price Target
2.00 (+128%)
Dividend
N/A
EV/EBITDA
3.18
P/E
-12.17
EV/Sales
2.06
Sector
Oil, Gas and Consumable Fuels
Category
value
Ring Energy, Inc. - $REI
REI: Basement valuation at 2.4x PV-10/EV, 60% EBITDA margins, #4 player in high-ROIC CBP/NWS Permian w/ OXY. $80M FCF on $160M market cap = 50% FCF yield. Targeting 1x debt/EBITDA from 1.9x should expand EV/EBITDA multiple 3x to 5-6x. Price target $2-4 vs $0.74. M&A target risk if oil <$60.
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