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Ring Energy, Inc. (REI)

Stock Price: $1.24 USD 0.10 (8.77%)

Updated Aug 10, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap	84.32M
Revenue (ttm)	184.56M
Net Income (ttm)	62.21M
Shares Out	67.98M
EPS (ttm)	1.01
PE Ratio	1.23
Forward PE	14.37
Dividend	n/a
Dividend Yield	n/a

Stock Quote

Trading Day	Aug 10, 2020
Last Price	$1.24
Previous Close	$1.14
Change ($)	0.10
Change (%)	8.77%
Day's Open	1.18
Day's Range	1.14 - 1.27
Day's Volume	1,234,099
52-Week Range	0.52 - 3.31

More Stats

Market Cap	84.32M
Enterprise Value	406.45M
Earnings Date (est)	Aug 10, 2020
Ex-Dividend Date	n/a
Shares Outstanding	67.98M
Float	56.15M
EPS (basic)	0.91
EPS (diluted)	1.01
FCF / Share	0.12

Dividend	n/a
Dividend Yield	n/a
Earnings Yield	81.45%
FCF Yield	9.47%
Payout Ratio	n/a
Shares Short	11.53M
Short Ratio	7.84
Short % of Float	21.03%
Beta	2.59

PE Ratio	1.23
Forward PE	14.37
P/FCF Ratio	10.55
PS Ratio	0.46
PB Ratio	0.14
Revenue	184.56M
Operating Income	59.98M
Net Income	62.21M
Free Cash Flow	7.99M

Net Cash	-322.13M
Net Cash / Share	-4.74
Gross Margin	77.90%
Operating Margin	32.50%
Profit Margin	32.20%
FCF Margin	4.33%
ROA	7.00%
ROE	13.24%
ROIC	8.40%

Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy	0
Overweight	1
Hold	5
Underweight	0
Sell	0

What these ratings mean

Analyst Consensus: Overweight

Price Target

$1.82*

(46.77% upside)

Low

1.00

Current: $1.24

High

3.50

Target: 1.82

*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	196	120	66.70	30.85	31.01	38.09	10.32	1.76	-	0.01
Revenue Growth	63%	80.01%	116.2%	-0.53%	-18.58%	269.24%	486.97%	66875.76%	-68.27%	-
Gross Profit	138	86.63	47.57	19.48	19.59	31.34	8.63	0.89	-	-
Operating Income	60.14	19.96	15.97	-57.03	-13.31	12.57	-0.39	-2.03	-0.33	-0.06
Net Income	29.50	9.00	1.75	-37.64	-9.05	8.42	-0.45	-1.67	-0.32	-0.08
Shares Outstanding	67.81	60.54	54.15	41.92	30.39	25.73	17.80	13.54	3.58	3.55
Earnings Per Share	0.44	0.15	0.03	-0.97	-0.32	0.33	-0.03	-0.21	-0.09	-0.02
EPS Growth	193.33%	400%	-	-	-	-	-	-	-	-
Operating Cash Flow	107	70.36	42.81	11.21	9.40	33.71	8.12	-0.03	-0.32	-0.06
Capital Expenditures	-147	-203	-158	-38.34	-110	-106	-34.38	-10.38	-	-
Free Cash Flow	-40.36	-133	-115	-27.13	-100	-72.46	-26.26	-10.41	-0.32	-0.06
Cash & Equivalents	10.00	3.36	15.01	71.09	4.43	8.62	52.35	5.40	0.01	0.93
Total Debt	369	39.50	-	-	45.90	-	-	-	10.10	-
Net Cash / Debt	-359	-36.14	15.01	71.09	-41.47	8.62	52.35	5.40	-10.09	0.93
Assets	973	567	414	308	251	168	112	28.51	6.74	0.94
Liabilities	449	104	57.50	17.06	64.64	25.10	9.12	2.31	10.85	0.01
Book Value	524	463	357	291	186	143	103	26.20	-4.11	0.93

Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name	Ring Energy, Inc.
Country	United States
Employees	58
CEO	Kelly W. Hoffman

Stock Information

Ticker Symbol	REI
Stock Exchange	NYSE American
Sector	Energy
Industry	Oil & Gas E&P
Unique Identifier	NYSEAMERICAN: REI

Description

Ring Energy, Inc., an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas and New Mexico. As of December 31, 2019, the company's proved reserves consisted of approximately 81.1 million barrel of oil equivalent. It also had interests in 18,372 net developed acres and 47,427 net undeveloped acres in Andrews and Gaines counties, Texas; 19,138 net developed acres and 860 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 28,514 net undeveloped acres in Gaines, Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in Midland, Texas.