Ring Energy, Inc. (REI)

NYSEAMERICAN: REI · Real-Time Price · USD
1.250
0.00 (0.00%)
At close: Dec 20, 2024, 4:00 PM
1.260
+0.010 (0.80%)
After-hours: Dec 20, 2024, 7:52 PM EST
0.00%
Market Cap 247.75M
Revenue (ttm) 365.61M
Net Income (ttm) 112.71M
Shares Out 198.20M
EPS (ttm) 0.57
PE Ratio 2.21
Forward PE 3.75
Dividend n/a
Ex-Dividend Date n/a
Volume 2,421,518
Open 1.240
Previous Close 1.250
Day's Range 1.230 - 1.290
52-Week Range 1.230 - 2.200
Beta 1.57
Analysts n/a
Price Target n/a
Earnings Date Nov 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]

Sector Energy
Founded 2004
Employees 108
Stock Exchange NYSEAMERICAN
Ticker Symbol REI
Full Company Profile

Financial Performance

In 2023, Ring Energy's revenue was $342.92 million, an increase of 3.88% compared to the previous year's $330.12 million. Earnings were $104.86 million, a decrease of -24.36%.

Financial Statements

News

RioCan: A Retail Real Estate King With A Safe, Well-Covered Dividend

RioCan holds 186 prime retail and mixed-use properties across major Canadian cities, with high-demand supporting rising rents and property values. The REIT boasts a 97.8% overall occupancy rate and hi...

24 days ago - Seeking Alpha

Ring Energy Announces Addition to Management Team

THE WOODLANDS, Texas, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the addition of a new senior technical executive.

26 days ago - GlobeNewsWire

Ring Energy: APA Transaction Points To Potential Upside

APA sold CBP and NW Shelf assets for $950 million. The metrics for this deal suggest a valuation for Ring's shares that could be approximately 50% to 100% higher than its current share price. Ring wil...

4 weeks ago - Seeking Alpha

RioCan Real Estate Investment Trust (RIOCF) Q3 2024 Earnings Call Transcript

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Jennifer Suess - Senior Vice President, General Counsel, ESG and C...

5 weeks ago - Seeking Alpha

Ring Energy: Founders Acquisition Has Paid Off

Ring Energy's Founders acquisition increased production and profitability, aiding debt repayment despite being financed entirely with debt. The startup of the Matterhorn Express Pipeline will improve ...

6 weeks ago - Seeking Alpha

Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript

Ring Energy, Inc. (NYSE:REI) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chief Executive Officer and Chairman of ...

6 weeks ago - Seeking Alpha

Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook

~ Q3 2024 Highlighted by Record Sales, Strategic Divestiture and Meaningful Debt Reduction ~ THE WOODLANDS, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or t...

6 weeks ago - GlobeNewsWire

Ring Energy Announces Timing of Third Quarter 2024 Earnings Release and Conference Call

THE WOODLANDS, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2024 earnings release and confe...

7 weeks ago - GlobeNewsWire

Ring Energy to Participate in Water Tower Research Fireside Chat on October 16

THE WOODLANDS, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in a fireside chat with Water Tower Research ...

2 months ago - GlobeNewsWire

Ring Energy: Deeply Undervalued With A Steady Growth Outlook

Subdued oil prices present a buying opportunity for undervalued stocks like Ring Energy, which I rate as a "Strong Buy" due to its fundamentals and steady growth outlook. Ring Energy's strong financia...

2 months ago - Seeking Alpha

Ring Energy: Business Confusion Tackled

Ring Energy is a conventional opportunity. The vertical wells cause confusion. Horizontal wells have increased returns in certain areas. The CEO's presentation clarified the benefits of modern complet...

3 months ago - Seeking Alpha

RioCan: A High Yield Retail REIT With A Captive Residential Development Business At A Discount

RioCan boasts a development pipeline at a time when real estate developments are overlooked. Financially, the company currently trades for a >5% dividend yield while demonstrating the ability to incre...

3 months ago - Seeking Alpha

Ring Energy: Strong Sales Volume Performance Boosts Its Value

Ring nearly reached 20,000 BOEPD in Q2 2024 sales volumes. This was above expectations and also allowed it to raise its full-year guidance by 4% to 5%. Ring's realized price for non-oil volumes remain...

3 months ago - Seeking Alpha

Ring Energy: Oil Production Climbs Faster Than Total Production

The production mix is increasing towards oil. The natural gas price is negative right now. The acquisition of Founders, a high (percentage of production) oil asset, could have a significant impact on ...

4 months ago - Seeking Alpha

Ring Energy Announces Participation In Enercom Denver Conference

THE WOODLANDS, Texas, Aug. 13, 2024 (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...

4 months ago - GlobeNewsWire

RioCan Real Estate Investment Trust (RIOCF) Q2 2024 Earnings Call Transcript

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Jennifer Suess - Senior Vice President, General Counsel, ESG and Corp...

4 months ago - Seeking Alpha

Ring Energy, Inc. (REI) Q2 2024 Earnings Call Transcript

Ring Energy, Inc. (NYSE:REI) Q2 2024 Earnings Conference Call August 7, 2024 12:00 PM ET Company Participants Al Petrie - Investor Relations Officer Paul Mckinney - Chairman & CEO Travis Thomas - CFO...

4 months ago - Seeking Alpha

Ring Energy Announces Second Quarter 2024 Results, Provides Guidance for Third Quarter and Updates Full Year 2024 Outlook

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for second quarter 2024 and pr...

4 months ago - GlobeNewsWire

Ring Energy Provides Management Team Update

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced a management team update, including the addition of a new senio...

4 months ago - GlobeNewsWire

Ring Energy Announces Timing of Second Quarter 2024 Earnings Release and Conference Call

THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2024 earnings release and conf...

5 months ago - GlobeNewsWire

Ring Energy: The Hidden Treasure Of The Permian Basin

Ring Energy is an upstream oil & gas company with operations in the Permian Basin, a sedimentary basin that produces about 47% of the U.S. daily production. Management is extremely committed to the su...

5 months ago - Seeking Alpha

Ring Energy: A Founders Ticket To A Solution

Ring Energy, Inc.'s acquisition of Founders resulted in higher-than-expected production and lower costs. Despite being all debt, the Founders acquisition may be financially beneficial for the company,...

5 months ago - Seeking Alpha

Ring Energy Increases Sales Guidance and Announces Debt Reduction Results for Second Quarter 2024

THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today updated second quarter of 2024 sales guidance and end-of-period debt, and...

5 months ago - GlobeNewsWire

Ring Energy Announces Management Team Changes

THE WOODLANDS, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced management team changes, including the pending departure of two...

6 months ago - GlobeNewsWire

Ring Energy: Lowered Free Cash Flow Expectations Despite Strong Q1 Sales Volumes

Ring Energy, Inc. reported Q1 2024 sales volumes above expectations. It did not change its full-year guidance, but I am assuming it will do better than the guidance midpoint. Despite this, Ring's 2024...

7 months ago - Seeking Alpha