Ring Energy, Inc. (REI)

NYSEAMERICAN: REI · IEX Real-Time Price · USD
1.960
+0.040 (2.08%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

Ring Energy has a market cap or net worth of $380.03 million. The enterprise value is $803.54 million.

Market Cap 380.03M
Enterprise Value 803.54M

Important Dates

The last earnings date was Thursday, March 7, 2024, after market close.

Earnings Date Mar 7, 2024
Ex-Dividend Date n/a

Share Statistics

Ring Energy has 197.93 million shares outstanding. The number of shares has increased by 12.17% in one year.

Shares Outstanding 197.93M
Shares Change (YoY) +12.17%
Shares Change (QoQ) +0.14%
Owned by Insiders (%) 12.04%
Owned by Institutions (%) 47.70%
Float 166.44M

Valuation Ratios

The trailing PE ratio is 3.63 and the forward PE ratio is 4.17. Ring Energy's PEG ratio is 1.82.

PE Ratio 3.63
Forward PE 4.17
PS Ratio 1.05
Forward PS 1.01
PB Ratio 0.48
P/FCF Ratio 6.75
PEG Ratio 1.82
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 3.38, with an EV/FCF ratio of 14.26.

EV / Earnings 7.66
EV / Sales 2.23
EV / EBITDA 3.38
EV / EBIT 5.40
EV / FCF 14.26

Financial Position

The company has a current ratio of 0.49, with a Debt / Equity ratio of 0.55.

Current Ratio 0.49
Quick Ratio 0.42
Debt / Equity 0.55
Debt / EBITDA 1.81
Debt / FCF 7.63
Interest Coverage 3.39

Financial Efficiency

Return on equity (ROE) is 14.20% and return on invested capital (ROIC) is 11.97%.

Return on Equity (ROE) 14.20%
Return on Assets (ROA) 7.90%
Return on Capital (ROIC) 11.97%
Revenue Per Employee $3.34M
Profits Per Employee $970,969
Employee Count 108
Asset Turnover 0.27
Inventory Turnover 12.41

Taxes

In the past 12 months, Ring Energy has paid $125,242 in taxes.

Income Tax 125,242
Effective Tax Rate 0.12%

Stock Price Statistics

The stock price has increased by +4.81% in the last 52 weeks. The beta is 1.73, so Ring Energy's price volatility has been higher than the market average.

Beta (1Y) 1.73
52-Week Price Change +4.81%
50-Day Moving Average 1.50
200-Day Moving Average 1.72
Relative Strength Index (RSI) 70.31
Average Volume (30 Days) 1,941,660

Short Selling Information

The latest short interest is 13.18 million, so 6.66% of the outstanding shares have been sold short.

Short Interest 13.18M
Short Previous Month 14.33M
Short % of Shares Out 6.66%
Short % of Float 7.92%
Short Ratio (days to cover) 8.84

Income Statement

In the last 12 months, Ring Energy had revenue of $361.06 million and earned $104.86 million in profits. Earnings per share was $0.54.

Revenue 361.06M
Gross Profit 265.55M
Operating Income 145.78M
Pretax Income 104.99M
Net Income 104.86M
EBITDA 237.53M
EBIT 148.92M
Earnings Per Share (EPS) $0.54
Full Income Statement

Balance Sheet

The company has $6.51 million in cash and $430.02 million in debt, giving a net cash position of -$423.51 million or -$2.14 per share.

Cash & Cash Equivalents 6.51M
Total Debt 430.02M
Net Cash -423.51M
Net Cash Per Share -$2.14
Equity / Book Value 786.58M
Book Value Per Share 3.97
Working Capital -57.90M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $198.17 million and capital expenditures -$141.83 million, giving a free cash flow of $56.34 million.

Operating Cash Flow 198.17M
Capital Expenditures -141.83M
Free Cash Flow 56.34M
FCF Per Share $0.29
Full Cash Flow Statement

Margins

Gross margin is 73.55%, with operating and profit margins of 40.38% and 29.04%.

Gross Margin 73.55%
Operating Margin 40.38%
Pretax Margin 29.08%
Profit Margin 29.04%
EBITDA Margin 65.79%
EBIT Margin 41.24%
FCF Margin 15.60%

Dividends & Yields

Ring Energy does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -12.17%
Shareholder Yield -12.17%
Earnings Yield 27.59%
FCF Yield 14.82%

Analyst Forecast

Price Target n/a
Price Target Difference n/a
Analyst Consensus n/a
Analyst Count n/a
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on June 2, 2008. It was a reverse split with a ratio of 1:18.

Last Split Date Jun 2, 2008
Split Type Reverse
Split Ratio 1:18

Scores

Ring Energy has an Altman Z-Score of 0.95 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.95
Piotroski F-Score 5