
Ring Energy (REI) Stock Forecast & Price Target
Ring Energy (REI) Analyst Ratings
Bulls say
Ring Energy Inc. demonstrated strong operational performance with in-place occupancy increasing to 97%, reflecting a 40 basis points improvement quarter over quarter, alongside a record high committed occupancy rate of 97.8%. The re-leasing of all 10 bankruptcy-related vacancies at higher rents to higher quality tenants highlights the company's ability to enhance cash flow durability, underpinned by the high quality of its properties. Moreover, the average net rent per square foot improved to $22.12, indicating a positive trend in revenue generation, further supporting an optimistic outlook for the company’s financial performance.
Bears say
Ring Energy Inc. exhibits several concerning financial trends that contribute to a negative outlook. The company's residential occupancy rate declined by 170 basis points quarter-over-quarter, falling to 94.6%, alongside a notable drop in their net equity value by approximately $30 million, or 7%, attributed to lower occupancy assumptions. Furthermore, despite a slight decrease in reported adjusted debt-to-EBITDA ratios, the estimated debt to gross book value increased to around 48.3%, raising concerns regarding financial stability amid high-interest rate pressures and potential economic downturns.
This aggregate rating is based on analysts' research of Ring Energy and is not a guaranteed prediction by Public.com or investment advice.
Ring Energy (REI) Analyst Forecast & Price Prediction
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