I just bought more shares of Ring Energy because it's trading at a ridiculously low P/E of 2.4x with solid cash flow and strong earnings. Analysts see a target of $3.00, making this an attractive swing trade with upside potential.

I've been watching energy stocks trend upwards lately, and I see potential in REI after its solid Q3 performance. I'm thinking it's a good opportunity to jump in while the energy sector is hot.

I believe REI is undervalued at its current price and with the increasing oil and gas prices, especially with the political climate shifting, there's a solid chance this stock could hit $3. The company has been paying down debt while increasing their operations, which bodes well for future growth.