Stephen Ray (second ¼ 1906 – death unknown) was a Welsh professional rugby league footballer who played in the 1920s and 1930s. He played at representative level for Wales, and at club level for Wakefield Trinity (Heritage No. 350), Warrington (Heritage No. 375) and Oldham RLFC (Heritage No. 308), as a wing, i.e. number 2 or 5.