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Ring Energy Inc   (REI)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy


 

Ring Energy Inc

REI's Financial Statements and Analysis



Ring Energy Inc reported in the forth quarter of 2023 net earnings per share of $0.21 an increase by 191.08 % year on year from $0.07 and an improvement compare to net loss per share of $-0.04 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ 0.21 $  100 Mill
$+0.14     +191.08 % Unch.     +0.25 %



Ring Energy Inc 's Revenue rose by 0.25 % in forth quarter of 2023 (Dec 31 2023) year on year, to $100 million and advanced by 6.68 % sequentially.


Ring Energy Inc is

More on REI's Income Statement



Ring Energy Inc 's net income of $50.896 million in the forth quarter of 2023 increased by 251.19 % from net earnings of $14.493 million achieved in IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-7.539 million recorded in previous quarter.

More on REI's Growth

Ring Energy Inc Inventories
Inventories declined by -33.66 % to $6.14 million from IV. Quarter a year ago, sequentially inventories rose by 10.6 %. REI's Cash flow In the forth quarter of 2023 company's net cash flow was $0 million, capital expenditures grew by -46.069464-12.30%, to $-40 millions compare to same quarter a year ago

More on REI's Cash flow Statement


Ring Energy Inc does not pay out common stock dividend.

In trailing twelve-month period Ring Energy Inc earned $ 1.02 cash per share, on a free-cash flow basis 208.26 % of net earning per share.

Book value grew by 4.09 % sequentially to $4.05 per share, -126.37% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 4.05 per share from $ 3.89.

Company issued 5.71 million shares or 3.03 % in Dec 31 2023.
Interest Coverage Ratio was 3.39. Debt Coverage Ratio was 0.36.

More on REI's Dividends

 Market Capitalization (Millions) 369
 Shares Outstanding (Millions) 194
 Total Debt (Millions $) 426
 Revenue (TTM) (Millions $) 361
 Net Income (TTM) (Millions $) 105
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) -155
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 30




Ring Energy Inc does not pay out common stock dividend.

In trailing twelve-month period Ring Energy Inc had $ 1.02 cash flow per share, on a free-cash flow basis 208.26 % of net earning per share.

Book value grew by 4.09 % sequentially to $4.05 per share, -126.37% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 4.05 per share from $ 3.89.

Company issued 5.71 million shares or 3.03 % in Dec 31 2023.
Interest Coverage Ratio was 3.39. Debt Coverage Ratio was 0.36.

More on REI's Balance Sheets

 Market Capitalization (Millions) 369
 Shares Outstanding (Millions) 194
 Total Debt (Millions $) 426
 Revenue (TTM) (Millions $) 361
 Net Income (TTM) (Millions $) 105
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) -155
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 30
   


  News about Ring Energy Inc Earnings

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 ...

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 cont...


Date modified: 2024-03-08T13:00:49+00:00





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