Energy Prospectus

Ring Energy released an outstanding operations update on April 17.

I have updated my forecast/valuation model for the company and posted it to the EPG website.

My valuation increases to $24.00/share, which compares to First Call's price target of $19.50/share. Note that NONE of the Wall Street firms have updated their valuations since the company released the operations update. Plus, this small-cap is heavily weight to crude oil and none of the Wall Street price targets include the recent spike in WTI.

Ring's production increased 64% YOY in 2017 and production growth is accelerating this year to 75% to 80% YOY growth. BTW they have NO DEBT.

What do you think of the 1Q18 actual earnings report? Quite a bit lower in net income than in your model forecast. The market is reporting it as a miss.