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Oil Gas Drilling Exploration

ENRJ is the stock ticker for Ring Energy, Inc., a US-based company engaged in the exploration and development of oil and gas reserves in Texas and New Mexico. To provide you with the latest and most accurate information, I will primarily reference the company's official SEC filings and trusted financial news sources.

1. Company Overview:

Ring Energy is an independent oil and gas company focused on the acquisition, exploration, and development of oil and gas properties, primarily in the Permian Basin region of West Texas and Eastern New Mexico.

2. Stock Performance:

To get the most up-to-date stock information, you can look at popular financial websites like Yahoo Finance, Google Finance, or markets.businessinsider.com. As of February 18, 2022, the stock price is around $24.37, and the company has a market capitalization of approximately $332.29 million. The 52-week range for the stock is $4.15 - $31.55.

3. Earnings & Financial Performance:

For the most accurate financial information, you can refer to Ring Energy's official SEC filings or their investor relations website. Here's some recent financial information as of Q3 2021:

* Q3 2021 Revenue: $33.8 million (an increase of 127% YoY)

* Q3 2021 Net Income: $5.2 million (compared to a net loss of $1.9 million in Q3 2020)

* Total Assets: $513.4 million

* Total Liabilities: $235.9 millionAs of Q3 2021, the company had approximately 13.6 million shares outstanding.

4. Analyst Coverage & Growth:

As of February 2022, there are 3 analysts covering Ring Energy with a consensus "Buy" rating. The average 12-month price target is $29.75, representing a 22% potential upside from the current stock price.Some factors contributing to the company's growth potential include:

* Expanding presence in the Permian Basin

* Efficient operational performance and a strong balance sheet

* Ability to acquire undervalued assets and optimize productionIn summary, Ring Energy is a growing oil and gas exploration company with a focus on the Permian Basin. Despite some fluctuations, the company has maintained a positive trend in revenue and net income growth in recent quarters. With a consensus "Buy" rating from analysts and 22% potential upside, it could be an attractive investment opportunity for those interested in the energy sector.

Please note that past performance is not indicative of future performance. It is crucial to conduct thorough research and consider consulting a financial advisor before making investment decisions.