5 Best Multibagger Stocks To Buy Now

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In this article, we discuss the 5 best multibagger stocks to buy now. If you want our detailed analysis of these stocks, go directly to the 10 Best Multibagger Stocks To Buy Now

5. Ring Energy, Inc. (NYSE:REI)

12-Month Returns as of January 3: 285.82%

Number of Hedge Fund Holders: 9

Ring Energy, Inc. (NYSE:REI) is a Texas-based oil and gas company that offers crude oil and natural gas liquids from its rich assets in the Permian Basin of Texas and New Mexico. 

On November 9, Ring Energy, Inc. (NYSE:REI) posted its earnings for Q3 2021. The company declared earnings per share of $0.18, beating estimates by $0.10. The revenue jumped 56.92% year-over-year to $49.38 million, exceeding estimates by $5.65 million. 

Roth Capital analyst John White upgraded Ring Energy, Inc. (NYSE:REI) on October 14 to Buy from Neutral with a $4.75 price target. According to the analyst, Ring Energy, Inc. (NYSE:REI) re-negotiated more favorable crude oil transportation agreements involving lower pipeline tariffs and trucking fees, in addition to making significant changes to the senior management. 

According to the hedge funds tracked by Insider Monkey, John Overdeck and David Siegel’s Two Sigma Advisors is the biggest Ring Energy, Inc. (NYSE:REI) stakeholder as of September end. Two Sigma Advisors increased its stake in the company by 876% in Q3 2021, with 1.69 million shares worth over $5 million. 

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