Price: $1.8600
$-0.01
-0.535%
|
Day's High:
| $1.9
| Week Perf:
| 12.05 %
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Day's Low: |
$ 1.78 |
30 Day Perf: |
32.86 % |
Volume (M): |
3,234 |
52 Wk High: |
$ 2.43 |
Volume (M$): |
$ 6,016 |
52 Wk Avg: |
$1.74 |
Open: |
$1.88 |
52 Wk Low: |
$1.25 |
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|
Market Capitalization (Millions $) |
361 |
Shares
Outstanding (Millions) |
194 |
Employees |
30 |
Revenues (TTM) (Millions $) |
361 |
Net Income (TTM) (Millions $) |
105 |
Cash Flow (TTM) (Millions $) |
-3 |
Capital Exp. (TTM) (Millions $) |
155 |
Ring Energy Inc
Ring was incorporated in the State of Nevada in 2004 as “Blanca Corp.”
The name of the corporation was changed to “Transglobal Mining Corp.”
in 2007 before being changed to “Ring Energy, Inc.” in 2008. We
are a Midland-based exploration and production company that is engaged in oil
and natural gas acquisition, exploration, development and production activities.
Our exploration and production interests are currently focused in Texas and
Kansas. The Company takes a conventional approach to its drilling program and
seeks to develop its traditional core areas, as well as look for new growth
opportunities.
Our operations are all oil and gas exploration and production related activities
in the United States.
Pursue strategic acquisitions with exceptional upside potential. Ring has a
history of acquiring leasehold positions that it believes to have substantial
resource potential and to meet its targeted returns on invested capital. Ring
has historically pursued acquisitions of properties that it believes to have
exploitation and development potential comparable to its existing inventory
of drilling locations. The Company has developed and refined an acquisition
program designed to increase reserves and complement existing core properties.
Ring’s experienced team of management and engineering professionals identify
and evaluate acquisition opportunities, negotiate and close purchases and manage
acquired properties. Management intends to continue to pursue strategic acquisitions
that meet the Company’s operational and financial targets. The executive
team, with its extensive experience in the Permian Basin, has many relationships
with operators and service providers in the region. Ring believes that leveraging
its relationships will be a competitive advantage in identifying acquisition
targets. Management’s proven ability to evaluate resource potential will
allow Ring to successfully acquire acreage and bring out more value in the assets.
Company Address: 1725 Hughes Landing Blvd., The Woodlands 77380 TX
Company Phone Number: 397-3699 Stock Exchange / Ticker: NYSEAMER REI
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Customers Net Income grew by |
REI's Customers Net Profit Margin grew to |
147.84 % |
5.07 %
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Stock Performances by Major Competitors |
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Management Announcement
Published Mon, Jan 29 2024 11:45 AM UTC
Ring Energy Inc has recently announced its production results for the fourth quarter of 2023, surpassing expectations and showcasing the company's continued efforts towards debt reduction. With sales volumes nearing the high end of their guidance, Ring Energy has demonstrated its ability to navigate challenges in the energy sector while maintaining a strong position in ...
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Management Announcement
Published Thu, Dec 28 2023 11:45 AM UTC
THE WOODLANDS, Texas, Dec. 28, 2023 - Ring Energy, Inc. (NYSE American: REI) (Ring or the Company) has recently released its much-anticipated 2023 Sustainability Report. The report, which highlights the company's commitment to environmental stewardship and social responsibility, is now available on Ring Energy's official website under the Sustainability tab. In the ...
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Financing Agreement
Published Thu, Dec 21 2023 11:45 AM UTC
Ring Energy, a leading oil and gas production company, has recently shared some significant updates regarding its financial position and recent transactions. The borrowing base under its senior revolving credit facility has been reaffirmed at $600 million, providing the company with substantial financial flexibility. Additionally, Ring Energy finalized the payment of $11.9 m...
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Ring Energy Inc
Ring Energy Inc Faces Profit Decline in Q2 2023, but Stock Shows Positive Trend Investors are closely monitoring the financial performance of Ring Energy Inc as the company reported a significant decrease in net profit and revenue for the second quarter of 2023. For the interval from April to June 30, 2023, the company experienced a steep decline in net profit per share, plummeting by 53.13% to $0.15 per share compared to $0.32 per share in the same period a year ago. Additionally, profits fell by 11.76% from $0.17 per share in the preceding quarter. Not only did Ring Energy Inc witness a decline in profitability, but the revenue also suffered. The company reported a revenue drop of 6.607% to $79.35 million from $84.96 million in the corresponding quarter a year ago. Furthermore, sequentially, revenue deteriorated by 9.916% from $88.08 million.
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Ring Energy Inc
Ring Energy Inc. (REI) is an independent oil and gas exploration and production company based in the United States. Founded in 2012 in Midland, Texas, REI has grown and expanded its operations in several areas across the country, transforming itself into a well-respected player in the oil and gas industry. In recent years, the company has shown remarkable growth and strong financial performance, as evidenced by its latest fiscal period. In the most recent fiscal period, Ring Energy Inc. displayed an impressive increase and revenue growth of 29.19% in comparison to the previous period. Moreover, its income per share improved significantly, advancing by 183.33% year on year to $0.17 per share, a stark contrast to the previous quarter's EPS advancement of 132.51% from $0.07 per share. However, the revenue deteriorated by -11.65% from $99.70 million, pointing towards the prevailing challenges in the oil and gas industry.
|
Per Share |
Current |
Earnings (TTM) |
0.49 $ |
Revenues (TTM) |
1.86 $
|
Cash Flow (TTM) |
- |
Cash |
0 $
|
Book Value |
4.05 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.49 $
|
Revenues (TTM) |
1.86 $ |
Cash Flow (TTM) |
- |
Cash |
0 $
|
Book Value |
4.05 $ |
Dividend (TTM) |
0 $ |
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