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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

Analyst Consensus: Overweight

Price Target

(46.77% upside)
Current: $1.24
Target: 1.82
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

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
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 Kelly W. Hoffman

Stock Information

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


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.