Ring Energy, Inc. (REI)
| Market Cap | 365.19M |
| Revenue (ttm) | 367.48M |
| Net Income (ttm) | 77.66M |
| Shares Out | 197.94M |
| EPS (ttm) | 0.40 |
| PE Ratio | 4.65 |
| Forward PE | 4.16 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,366,361 |
| Open | 1.770 |
| Previous Close | 1.760 |
| Day's Range | 1.740 - 1.860 |
| 52-Week Range | 1.250 - 2.430 |
| Beta | 1.79 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | May 6, 2024 |
About REI
Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The compan... [Read more]
Financial Performance
In 2023, Ring Energy's revenue was $361.06 million, an increase of 3.98% compared to the previous year's $347.25 million. Earnings were $104.86 million, a decrease of -24.36%.
Financial StatementsNews
Ring Energy Announces First Quarter 2024 Results, Provides Second Quarter 2024 Outlook and Reiterates Full Year 2024 Guidance
~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~ ~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~
Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference Call
THE WOODLANDS, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its first quarter 2024 earnings release and conf...
Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024
THE WOODLANDS, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in an investor event hosted by Water Tower R...
Ring Energy Announces Participation in 36th Annual Roth Conference
THE WOODLANDS, Texas, March 12, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the Company is scheduled to participate in the 36th Annua...
Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance
THE WOODLANDS, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported record operational and financial results for the fourth quarter...
Ring Energy Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
THE WOODLANDS, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its fourth quarter 2023 earnings release and conf...
Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024
~ Record Q4 2023 Sales Volumes Near High End of Guidance ~ ~ Further Reduced Debt in Addition to Making Final Payment for the Founders Acquisition ~ THE WOODLANDS, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE...
Ring Energy to Present at the Microcap Conference
THE WOODLANDS, Texas, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Paul D. McKinney, Chairman and Chief Executive Officer, wi...
Ring Energy Announces Issuance of 2023 Sustainability Report
THE WOODLANDS, Texas, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2023 Sustainability Report (the “2023 Re...
Ring Energy Announces Successful Results of Senior Credit Facility Fall 2023 Redetermination and Final Payment for Founders Property Acquisition
THE WOODLANDS, Texas, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base was reaffirmed at $600 million under it...
Ring Energy to Present at Sidoti Virtual Investor Conference
THE WOODLANDS, Texas, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Paul D. McKinney, Chairman and Chief Executive Officer, wi...
Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance
~ Matches Record for Generating Quarterly Adjusted EBITDA ~ ~ Benefiting from Solid Industry Backdrop, Targeted Capital Spending Program and Recently Completed Acquisition ~ ~ Closed on Sale of Non-Co...
Ring Energy Announces Timing of Third Quarter 2023 Earnings Release and Conference Call
THE WOODLANDS, Texas, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2023 earnings release and conf...
Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition
THE WOODLANDS, Texas, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has completed its previously announced acquisition (the “Tra...
Ring Energy Announces Participation in Upcoming Energy Investor Conferences
THE WOODLANDS, Texas, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in the EnerCom Denver Conference to be held i...
Ring Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023
~ Second Half 2023 to Benefit from Targeted 2023 Capital Spending Program and Recently Announced Acquisition ~
Ring Energy Announces Timing of Second Quarter 2023 Earnings Release and Conference Call
THE WOODLANDS, Texas, July 20, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2023 earnings release and conf...
Ring Energy Announces Accretive All Cash Asset Acquisition Strategically Expanding Core Operating Area
Expected to Grow Production, Reserves, Free Cash Flow and Other Key Metrics Expected to Grow Production, Reserves, Free Cash Flow and Other Key Metrics
Ring Energy Announces $25 Million Debt Reduction in Q2 2023 and Sale of Non-Core Delaware Basin Assets
~ Net Sales Proceeds from Transaction Used to Further Pay Down Debt ~ ~ Net Sales Proceeds from Transaction Used to Further Pay Down Debt ~
Ring Energy Announces Successful Results of Senior Credit Facility Spring 2023 Redetermination
THE WOODLANDS, Texas, June 27, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base was reaffirmed at $600 million under it...
Ring Energy Announces Participation in Water Tower Research Fireside Chat Series Event on May 17
THE WOODLANDS, Texas, May 16, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in an investor event hosted by Water Tower Res...
Ring Energy Announces First Quarter 2023 Results and Reiterates Full Year 2023 Guidance
THE WOODLANDS, Texas, May 03, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the first quarter of 2023. ...
Ring Energy Announces Timing of First Quarter 2023 Earnings Release and Conference Call
THE WOODLANDS, Texas, May 01, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its first quarter 2023 earnings release and confer...
Ring Energy Announces Participation in EnerCom Dallas Conference
THE WOODLANDS, Texas, April 17, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in the EnerCom Dallas Conference to be held ...
Ring Energy, Inc. Announces Exercise and Price Reduction of Nearly All of Its Outstanding Warrants
THE WOODLANDS, Texas, April 12, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that 14,512,166 of its outstanding warrants have been amended ...