Ring Energy, Inc. (REI)

NYSEAMERICAN: REI · IEX Real-Time Price · USD
2.035
-0.035 (-1.69%)
Apr 17, 2024, 1:49 PM EDT - Market open
-1.69%
Market Cap 403.75M
Revenue (ttm) 361.06M
Net Income (ttm) 104.86M
Shares Out 197.93M
EPS (ttm) 0.54
PE Ratio 3.77
Forward PE 4.61
Dividend n/a
Ex-Dividend Date n/a
Volume 605,574
Open 2.050
Previous Close 2.070
Day's Range 1.990 - 2.090
52-Week Range 1.250 - 2.430
Beta 1.80
Analysts n/a
Price Target n/a
Earnings Date May 1, 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 $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 Statements

News

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...

23 days ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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 ~

9 months ago - GlobeNewsWire

Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado

Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website   www.enercomdenver.com  – Presenting Companies Continue to be Added Investor One-on-One Meeting Re...

9 months ago - PRNewsWire

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...

9 months ago - GlobeNewsWire

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

10 months ago - GlobeNewsWire

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 ~

10 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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. ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

Ring Energy Announces Record Fourth Quarter and Full Year 2022 Results, Nearly 80% Increase in Year-End 2022 Proved Reserves and Provides 2023 Guidance

~ Transformational Acquisition Helped Drive Record Production, Reserves, Revenue, Net Income and Adjusted EBITDA for Full Year 2022 ~

1 year ago - GlobeNewsWire