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Ring Energy Inc   (NYSEAMER: REI)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $1.3500 $0.03 2.273%
Day's High: $1.39 Week Perf: 3.05 %
Day's Low: $ 1.31 30 Day Perf: -8.78 %
Volume (M): 1,545 52 Wk High: $ 2.20
Volume (M$): $ 2,085 52 Wk Avg: $1.66
Open: $1.32 52 Wk Low: $1.21



 Market Capitalization (Millions $) 269
 Shares Outstanding (Millions) 199
 Employees 50
 Revenues (TTM) (Millions $) 383
 Net Income (TTM) (Millions $) 113
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 159

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


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

-26.53 %

9.2 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DVN        3.82% 
EOG        3.67% 
FANG   -1.67%    
OVV        4.7% 
OXY        3.07% 
PARR   -3.41%    
• View Complete Report
   



Management Changes

Ring Energy Announces Management Team Changes and Reports First Quarter 2024 Financial Results

Published Mon, Jun 24 2024 10:46 AM UTC



Ring Energy, Inc. (NYSE American: REI) has disclosed significant changes within its management team alongside the release of its first-quarter 2024 financial results. While the company achieved a positive return on average invested assets (ROI) of 6.31%, surpassing its average ROI of -2%, it showed a decline in net income, leading to a decrease in ROI. Let s delve ...

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's Segments

  Ring Energy Inc Outlook

On November 6 2024 the Ring Energy Inc provided following guidance

nnRing Energy Inc. Reports Impressive Third Quarter 2024 Results, Offers Insights for Fourth Quarter Forecast and Revises Annual Outlook for 2024nn

Ring Energy Inc. has unveiled its performance for the third quarter of 2024, marked by noteworthy achievements, including record sales figures, a strategic divestiture, and significant reductions in debt. The company also provided a forward-looking perspective, outlining guidance for the upcoming fourth quarter while updating its outlook for the entire year of 2024.

Despite the lack of specific figures in the excerpt, the announcement emphasizes the company?s strong operational results and strategic decisions that have positioned it for continue...





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