Ring Energy Update - May 21

[dan_s]

An updated profile and forecast/valuation model for Ring Energy (REI) has been posted to the EPG Website.

This is an Aggressive Growth company on-track to deliver over 75% year-over-year production growth in 2018, starting with a 92% YOY increase in the first quarter of 2018.

[JBEnergy]

REI taking it on the chin today.

[dan_s]

Small-Caps are "high beta". Ring will be fine. It has no debt and strong production growth locked in.

Decide where you think oil, gas and NGL prices are heading and invest according to your beliefs.

In the last 3 months, 2 ranked analysts set 12-month price targets for REI. The average price target among the analysts is $19.50.

My valuation is $25.00/share.