Ring Energy, Inc. (REI)
$
1.15
-0.01 (-0.87%)
Key metrics
Financial statements
Free cash flow per share
0.1917
Market cap
229.9 Million
Price to sales ratio
0.6277
Debt to equity
0.4532
Current ratio
0.4803
Income quality
2.8816
Average inventory
4.3 Million
ROE
0.0813
Technology
Technology – consumer electronics
Largecap
With a market cap of 121,78 bil stock is ranked 1
Low risk
ISS score of this stock is ranked 1
Company description
Profile
Ring Energy, Inc. is an exploration and production company involved in the acquisition, exploration, development, and production of oil and natural gas across Texas and New Mexico. As of December 31, 2021, the company’s proved reserves amounted to approximately 77.8 million barrels of oil equivalent, showcasing its extensive resource base. The company had interests in a total of 18,882 net developed acres and 1,406 net undeveloped acres located in Andrews and Gaines counties, Texas, along with 18,437 net developed acres in Culberson and Reeves counties, Texas. Additionally, Ring Energy holds 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas, as well as in Lea County, New Mexico. The cost of revenue for the company is $506,333,000.00 showcasing its production and operational expenses. The financial data pertains to the fiscal year 2024 during which the company recorded an operating income of $132,900,700.00 reflecting its earnings from core operations. The net income ratio is 0.18 highlighting the company's profitability margin, while the income before tax ratio is 0.24 indicating the pre-tax margin. Ring Energy primarily markets its oil and natural gas production to end users, marketers, and various other purchasers. Formerly known as Transglobal Mining Corp., the company underwent a name change to Ring Energy, Inc. in March 2008 and has been incorporated since 2004, with its headquarters located in The Woodlands, Texas. In the market landscape, the stock is affordable at $1.15 making it a suitable option for budget-conscious investors. It also exhibits a high average trading volume of 1,776,325.00 which indicates strong liquidity, enhancing its appeal among traders. With a market capitalization of $229,949,400.00 the company is classified as a small-cap player, positioning it within a competitive segment of the industry. Ring Energy is recognized as a key player in the Oil & Gas Exploration & Production industry, contributing significantly to the overall market landscape. Furthermore, it belongs to the Energy sector, where it drives innovation and growth, embodying the dynamic evolution that characterizes this vital economic area.
What is Ring Energy, Inc. (REI)'s stock forecast?
Analysts predict Ring Energy, Inc. stock to fluctuate between $1.05 (low) and $2.20 (high) in the next 365 days, reflecting market expectations and potential volatility.
What is Ring Energy, Inc.'s market capitalization?
As of 2025-04-01, Ring Energy, Inc.'s market cap is $229,949,400, based on 199,956,000 outstanding shares.
How does Ring Energy, Inc. compare to competitors like Exxon Mobil Corporation?
Compared to Exxon Mobil Corporation, Ring Energy, Inc. has a Lower Market-Cap, indicating a difference in performance.
How can I buy Ring Energy, Inc. (REI) stock?
To buy Ring Energy, Inc. (REI) stock: Open a brokerage account (e.g., Robinhood, TD Ameritrade, E-Trade). Search for REI. Place an order (Market, Limit, etc.).
What is the best time to invest in Ring Energy, Inc.?
The best time to invest depends on market trends and technical indicators, which show a Bullish trend based on economic conditions and company performance.
How did Ring Energy, Inc. perform in the last earnings report?
Revenue: $366,327,414 | EPS: $0.34 | Growth: -38.18%.
Where can I find Ring Energy, Inc.'s investor relations reports?
Visit https://www.ringenergy.com/investor-relations for detailed financial reports.
Where can I find historical stock prices for Ring Energy, Inc.?
You can explore historical data from here
What is the all-time high and low for Ring Energy, Inc. stock?
All-time high: $5.09 (2022-05-06) | All-time low: $1.05 (2025-03-10).
What are the key trends affecting Ring Energy, Inc. stock?
Key trends include market demand, economic conditions, interest rates, and industry competition, which influence the stock's performance.
News
globenewswire.com
THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced that it has completed its previously-announced acquisition (the “Transaction”) of the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) on March 31, 2025. Lime Rock's CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Ring's existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays.
seekingalpha.com
Ring Energy's recent acquisition aims to boost free cash flow. Management's strategy shift post-COVID has been successful. The latest acquisition is expected to improve the debt ratio.
globenewswire.com
THE WOODLANDS, Texas, March 27, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in a fireside chat with Water Tower Research (“WTR”) on Tuesday, April 1, 2025 at 10:00 AM Central Time.
seekingalpha.com
Ring Energy, Inc. (NYSE:REI ) Q4 2024 Earnings Conference Call March 6, 2025 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman & Chief Executive Officer Travis Thomas - Executive Vice President & Chief Financial Officer Shawn Young - Senior Vice President, Operations Alex Dyes - Executive Vice President & Chief Operations Officer Conference Call Participants Bert Donnes - Truist Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Operator Good morning, and welcome to the Ring Energy Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
zacks.com
Ring Energy (REI) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.11 per share a year ago.
globenewswire.com
~ Capturing Synergies and Expanding Central Basin Platform Operations ~ ~ Announces Timing of Q4 and FY 2024 Earnings Release and Conference Call ~ THE WOODLANDS, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has entered into an agreement to acquire the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) for $100 million, subject to customary closing adjustments. The purchase price is comprised of $80 million of upfront cash consideration, a $10 million deferred cash payment due nine months after closing, and up to 7.4 million shares of Ring common stock.
seekingalpha.com
Ring Energy operates in the Permian Basin with a high liquids mix and substantial reserve life, trading at a significant discount. Despite production increases, sales growth lagged due to lower NGL and natural gas prices, but new transit capacity could alleviate pricing pressures. Management focuses on debt reduction, aiming to reach a 1.0x leverage target by mid-2026, potentially enabling future acquisitions or production expansion.
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