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Ring Energy, Inc. (REI)

Stock Price: $0.718 USD 0.014 (1.96%)
Updated November 27, 11:39 AM EST - Market open

Stock Price Chart

Key Info

Market Cap 58.63M
Revenue (ttm) 133.90M
Net Income (ttm) -97.01M
Shares Out 81.67M
EPS (ttm) -1.30
PE Ratio n/a
Forward PE 15.13
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day November 27
Last Price $0.718
Previous Close $0.704
Change ($) 0.014
Change (%) 1.96%
Day's Open 0.690
Day's Range 0.680 - 0.720
Day's Volume 401,240
52-Week Range 0.430 - 3.310

More Stats

Market Cap 58.63M
Enterprise Value 392.67M
Earnings Date (est) Mar 17, 2021
Ex-Dividend Date n/a
Shares Outstanding 81.67M
Float 62.42M
EPS (basic) -1.44
EPS (diluted) -1.30
FCF / Share 4.37
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield 506.47%
Payout Ratio n/a
Shares Short 10.23M
Short Ratio 6.60
Short % of Float 16.39%
Beta 2.69
PE Ratio n/a
Forward PE 15.13
P/FCF Ratio 0.20
PS Ratio 0.44
PB Ratio 0.11
Revenue 133.90M
Operating Income -122.33M
Net Income -97.01M
Free Cash Flow 296.94M
Net Cash -334.04M
Net Cash / Share -4.09
Gross Margin 112.45%
Operating Margin -91.36%
Profit Margin -72.50%
FCF Margin 221.76%
ROA 3.64%
ROE -18.37%
ROIC -7.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (6)

Buy 0
Overweight 1
Hold 5
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$1.33*
(85.26% upside)
Low
1.00
Current: $0.718
High
2.02
Target: 1.33
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue19612066.7030.8531.0138.0910.321.76-0.01
Revenue Growth63%80.01%116.2%-0.53%-18.58%269.24%486.97%66875.76%-68.27%-
Gross Profit13886.6347.5719.4819.5931.348.630.89--
Operating Income60.1419.9615.97-57.03-13.3112.57-0.39-2.03-0.33-0.06
Net Income29.509.001.75-37.64-9.058.42-0.45-1.67-0.32-0.08
Shares Outstanding67.8160.5454.1541.9230.3925.7317.8013.543.583.55
Earnings Per Share0.440.150.03-0.97-0.320.33-0.03-0.21-0.09-0.02
EPS Growth193.33%400%--------
Operating Cash Flow10770.3642.8111.219.4033.718.12-0.03-0.32-0.06
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 & Equivalents10.003.3615.0171.094.438.6252.355.400.010.93
Total Debt36939.50--45.90---10.10-
Net Cash / Debt-359-36.1415.0171.09-41.478.6252.355.40-10.090.93
Assets97356741430825116811228.516.740.94
Liabilities44910457.5017.0664.6425.109.122.3110.850.01
Book Value52446335729118614310326.20-4.110.93
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Ring Energy, Inc.
Country United States
Employees 58
CEO Paul D. McKinney

Stock Information

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

Description

Ring Energy, 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.