Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Ring Energy Inc (REI)
AMEXEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-04
$1.12-6.67%
Close 2026-11-05 · 1-day change
AMEXEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.25 → 0.28 EPS · FY ending Dec 31, 2027 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for REI yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Maintain capital expenditures near $32 million in Q2 2026 | Ring Energy aims to keep capital spending near $32 million in Q2 2026. | Improving | CAPEX exceeds $36 million or falls below $28 million in Q2 2026 | Capital expenditures: $44.322M FY2026-Q2; GAAP. Published target: about $32 million. The target does not explicitly identify fiscal versus calendar quarters. Aug 5, 202644,321,974 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 5, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a small-cap, higher-risk energy growth story, not a proven durable compounder, and it remains loss-making. The long-term thesis is in a watch state: management is delivering on longer wells, cost control, and production growth, but recent financial performance remains weak versus its industry cohort.
REI is described as cheap versus peers, and the valuation assessment says expectations are broadly justified rather than fragile. The valuation score recently fell, while the main pressure identified is a turbulent sector backdrop, not a full combination of expensive valuation, weak fundamentals, and turbulence.
Near term, longer lateral wells and lower operating costs have supported progress: second-quarter oil production and adjusted EBITDA increased from the first quarter. Management targets production growth in 2027 and expects free cash flow to improve over time, but the business is still loss-making and recent performance is weak; a guidance cut would be a meaningful setback.
Over the next few quarters, the thesis depends on REI sustaining production growth, cost control, and improved cash generation without cutting guidance. The sector backdrop is another swing factor: continued strength from COP, EOG, and OXY could support the energy sector, while misses or lower guidance from those peers could weaken that tailwind.
For the 1- to 3-year view, REI shows real operating progress but still carries high risk, weak recent performance, and meaningful exposure to the energy cycle. The thesis depends on execution continuing and the sector backdrop remaining supportive. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| Cash from operations was $25.9 million in Q1 2026, showing some cash generation. |
| Improving |
| cash from operations falls below $25.9 million in Q1 2026 |
Cash from operations: $40.789M FY2026-Q2; GAAP. Published target: >= $25.9 million. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 5, 202640,789,293 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Keep lease operating expenses near $10.50 per Boe in Q2 2026 | They plan to control operating costs at about $10.50 per Boe. | Broken | LOE rises above $11 or falls below $10 per Boe in Q2 2026 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.27 → $0.28 · observed estimates
$0.35B → $0.38B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.27 | $351,529,330 | 2 / 3 |
| 2026-07-25 | $0.27 | $351,529,330 | 2 / 3 |
| 2026-07-26 | $0.27 | $351,529,330 | 2 / 3 |
| 2026-07-27 | $0.27 | $351,529,330 | 2 / 3 |
| 2026-07-28 | $0.27 | $351,529,330 | 2 / 3 |
| 2026-07-29 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-07-30 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-07-31 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-08-01 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-02 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-08-03 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-04 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-05 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-08-06 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-08-08 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-08-09 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-10 | $0.24 | $351,529,330 | 2 / 3 |
| 2026-08-12 | $0.23 | $352,662,660 | 2 / 3 |
| 2026-08-13 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-14 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-15 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-16 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-17 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-18 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-19 | $0.25 | $351,529,329 | 2 / 2 |
| 2026-08-20 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-21 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-22 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-23 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-24 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-25 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-26 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-27 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-28 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-29 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-30 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-08-31 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-09-01 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-09-02 | $0.24 | $352,662,662 | 2 / 2 |
| 2026-09-03 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-09-04 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-05 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-06 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-07 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-08 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-09 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-10 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-11 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-12 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-13 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-14 | $0.24 | $351,996,996 | 2 / 3 |
| 2026-09-15 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-16 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-17 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-18 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-19 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-20 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-21 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-22 | $0.25 | $351,996,996 | 2 / 3 |
| 2026-09-23 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-24 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-25 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-26 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-27 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-28 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-29 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-09-30 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-01 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-02 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-03 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-04 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-05 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-06 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-07 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-08 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-09 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-10 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-11 | $0.25 | $351,996,996 | 2 / 2 |
| 2026-10-12 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-10-13 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-10-14 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-10-15 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-10-16 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-10-17 | $0.24 | $351,996,996 | 2 / 2 |
| 2026-10-18 | $0.24 | $353,662,662 | 2 / 2 |
| 2026-10-19 | $0.24 | $353,662,662 | 2 / 2 |
| 2026-10-20 | $0.24 | $353,662,662 | 2 / 2 |
| 2026-10-21 | $0.25 | $353,662,662 | 2 / 2 |
| 2026-10-22 | $0.25 | $353,662,662 | 2 / 2 |
| 2026-10-23 | $0.25 | $353,662,662 | 2 / 2 |
| 2026-10-24 | $0.25 | $353,662,662 | 2 / 2 |
| 2026-10-25 | $0.25 | $353,662,662 | 2 / 2 |
| 2026-10-26 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-10-27 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-10-28 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-10-29 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-10-30 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-10-31 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-11-01 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-11-02 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-11-03 | $0.24 | $362,200,000 | 2 / 2 |
| 2026-11-04 | $0.28 | $382,866,667 | 2 / 2 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 2 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.