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Ring Energy Inc   (REI)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $1.4300 $0.07 5.147%
Day's High: $1.435 Week Perf: -0.69 %
Day's Low: $ 1.36 30 Day Perf: 2.88 %
Volume (M): 1,254 52 Wk High: $ 2.43
Volume (M$): $ 1,793 52 Wk Avg: $1.77
Open: $1.36 52 Wk Low: $1.25



 Market Capitalization (Millions $) 270
 Shares Outstanding (Millions) 188
 Employees 30
 Revenues (TTM) (Millions $) 361
 Net Income (TTM) (Millions $) 68
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 161

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
   REI is expected to report next financial results on March 08, 2024.


Customers Net Income fell by REI's Customers Net Profit Margin fell to

-42.1 %

11.92 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
DVN      0% 
EOG   -2.1%    
OXY   -0.12%    
PXD        0.35% 
SWN   -1.21%    
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Management Announcement

Ring Energy's Debt Reduction and Stellar Production Results Set Stage for Strong Start in 2024

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 ...

Management Announcement

Ring Energy Reports Impressive Return on Investment and Releases 2023 Sustainability Report

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 ...

Financing Agreement

Ring Energy Announces Successful Results of Senior Credit Facility Fall 2023 Redetermination and Final Payment for Founders Property Acquisition

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...

Ring Energy Inc

Soft Earnings Season: Ring Energy Inc's Profits Plummet in Q2 2023 Despite Positive Stock Movement and Declining Q2 Profits for Ring Energy Inc with a 54% Drop, Yet Stock Trends Upward

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.

Ring Energy Inc

rise, rise, rise by in the first quarter of 2023 earnings season

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.






 

Ring Energy Inc's Segments
 
 
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