Ring Energy, Inc. (REI)
| Market Cap | 467.42M |
| Revenue (ttm) | 307.22M |
| Net Income (ttm) | 148.25M |
| Shares Out | 107.24M |
| EPS (ttm) | 1.11 |
| PE Ratio | 2.41 |
| Forward PE | 2.46 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,293,227 |
| Open | 2.68 |
| Previous Close | 2.68 |
| Day's Range | 2.66 - 2.73 |
| 52-Week Range | 2.02 - 5.09 |
| Beta | 2.04 |
| Analysts | Buy |
| Price Target | 5.61 (+109.3%) |
| Earnings Date | Nov 9, 2022 |
About REI
Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for REI stock is "Buy." The 12-month stock price forecast is 5.61, which is an increase of 109.33% from the latest price.
News
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Ring Energy (REI) Surpasses Q3 Earnings and Revenue Estimates
Ring Energy (REI) delivered earnings and revenue surprises of 12% and 42.45%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Ring Energy Announces Record Results for Third Quarter Of 2022
Closed Transformational Acquisition and Increased Production, Revenue, Net Income, Adjusted EBITDA and Free Cash Flow Closed Transformational Acquisition and Increased Production, Revenue, Net Income, A...
Ring Energy (REI) Earnings Expected to Grow: Should You Buy?
Ring Energy (REI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ring Energy Announces Timing of Third Quarter 2022 Earnings Release and Conference Call
THE WOODLANDS, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2022 earnings release and confere...
Is Ring Energy (REI) Stock Undervalued Right Now?
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Ring Energy Provides Operational Update, Revised Fourth Quarter Guidance & Initial Outlook for 2023
THE WOODLANDS, Texas, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational update for the third quarter and full year 2022, re...
Best Value Stocks to Buy for October 11th
PBF, YPF and REI made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 11, 2022.
Ring Energy Announces the Closing of the Stronghold Permian Basin Assets Acquisition
THE WOODLANDS, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has completed its previously announced acquisition (the “Tran...
Ring Energy (REI) Q2 Earnings and Revenues Beat Estimates
Ring Energy (REI) delivered earnings and revenue surprises of 26.09% and 32.84%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Ring Energy Announces Results For Second Quarter of 2022
Sales Volumes at Higher End of Guidance Driving Increased Guidance for the Full Year Sales Volumes at Higher End of Guidance Driving Increased Guidance for the Full Year
Ring Energy (REI) Reports Next Week: Wall Street Expects Earnings Growth
Ring Energy (REI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ring Energy Announces Timing of Second Quarter 2022 Earnings Release and Conference Call
THE WOODLANDS, Texas, July 26, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2022 earnings release and confer...
Ring Energy Announces Agreement to Acquire Stronghold's Permian Basin Assets
Immediately Accretive Transaction Expected to Nearly Double Production, Reserves and Projected Free Cash Flow Immediately Accretive Transaction Expected to Nearly Double Production, Reserves and Project...
Ring Energy Set to Join Russell 3000® Index
THE WOODLANDS, Texas, June 16, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it is set to join the broad-market Russell 3000® Index at the con...
Are You Looking for a Top Momentum Pick? Why Ring Energy (REI) is a Great Choice
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Ring Energy (REI) Q1 Earnings and Revenues Surpass Estimates
Ring Energy (REI) delivered earnings and revenue surprises of 22.22% and 26.03%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Ring Energy Announces Results for First Quarter of 2022
~ Improved Hedge Position, Higher Pricing and Success of 2022 Drilling Program Drives Increased Free Cash Flow Generation and Further Pay Down of Debt ~
Ring Energy (REI) to Report Q1 Earnings: What's in Store?
A favorable commodity pricing scenario is likely to have aided Ring Energy's (REI) earnings in Q1.
Ring Energy Provides Operational Update with First Quarter Sales Above the High End of Guidance and Announces Timing ...
THE WOODLANDS, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational and financial update for the Company's first quart...
Ring Energy (REI) Upgraded to Strong Buy: Here's What You Should Know
Ring Energy (REI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ring Energy (REI) Q4 Earnings and Revenues Top Estimates
Ring Energy (REI) delivered earnings and revenue surprises of 42.86% and 50.54%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Ring Energy Announces Fourth Quarter and Full Year 2021 Results, Year-End 2021 Proved Reserves and Provides 2022 Guid...
~ Continuing to Generate Free Cash Flow, Reduce Debt and Increase Liquidity ~
Ring Announces Timing of Fourth Quarter and Full Year 2021 Earnings Release and Conference Call
THE WOODLANDS, Texas, March 11, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced today the timing of its fourth quarter and full year 2021 earnings rel...