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Recommendation Rating

2.5

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2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 5.33

Low: 3

High: 7.5

Total Analysts: 3

Company Profile

Ring Energy, Inc. is an exploration and production company. The Company is engaged in oil and natural gas development, production, acquisition, and exploration activities focused in Texas and New Mexico. Its oil and natural gas properties and projects include Northwest Shelf, Central Basin Platform and Delaware Basin. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin, all of which are part of the Permian Basin in Texas and New Mexico. Its leasehold acreage positions totaled approximately 83,604 gross (64,380 net) acres, and it holds interests in approximately 491 gross (333 net) producing wells. The Company’s proved reserves are approximately 77.8 million barrels of oil equivalent (BOE). Its reserves are oil-weighted with approximately 85% consisting of oil and 15% consisting of natural gas. All of its properties are located in the Permian Basin in Texas and New Mexico.

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