REI - Ring Energy Inc Stock Price, Fair Value and News

1.85USD+0.09 (+5.11%)Delayed

Market Summary

USD1.85+0.09

Delayed

5.11%

REI Stock Price

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REI RSI Chart

REI Valuation

Market Cap

366.2M

Price/Earnings (Trailing)

4.71

Price/Sales (Trailing)

EV/EBITDA

1.71

Price/Free Cashflow

1.83

REI Price/Sales (Trailing)

REI Profitability

EBT Margin

21.09%

Return on Equity

9.79%

Return on Assets

5.61%

Free Cashflow Yield

54.53%

REI Fundamentals

REI Revenue

Revenue (TTM)

367.5M

Rev. Growth (Yr)

7.29%

Rev. Growth (Qtr)

-5.44%

REI Earnings

Earnings (TTM)

77.7M

Earnings Growth (Yr)

-83.14%

Earnings Growth (Qtr)

-89.16%

Breaking Down REI Revenue

Last 7 days

5.7%

Last 30 days

-8.0%

Last 90 days

30.3%

Trailing 12 Months

2.2%

How does REI drawdown profile look like?

REI Financial Health

Current Ratio

0.5

REI Investor Care

Shares Dilution (1Y)

1.43%

Diluted EPS (TTM)

0.4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	367.5M	0	0	0
2023	367.2M	361.5M	360.8M	361.1M
2022	225.0M	262.2M	307.2M	347.2M
2021	113.0M	150.1M	168.0M	196.3M
2020	193.5M	152.8M	133.9M	113.0M
2019	132.0M	153.4M	171.0M	195.7M
2018	84.3M	99.8M	115.8M	120.1M
2017	37.0M	44.4M	53.2M	66.7M
2016	31.1M	29.2M	28.4M	30.9M
2015	38.2M	35.9M	33.6M	31.0M
2014	15.1M	25.0M	33.2M	38.1M
2013	2.6M	3.5M	6.0M	10.3M
2012	716.7K	1.0M	1.3M	1.8M
2011	0	0	280.6K	485.6K
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Ring Energy Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 06, 2024	brooks stephen donald	sold (taxes)	-50,571	1.42	-35,614	evp-land, legal, hr, marketing
Mar 06, 2024	mckinney paul d.	sold (taxes)	-202,282	1.42	-142,452	ceo and chairman of the board
Mar 06, 2024	mckinney paul d.	acquired	-	-	585,012	ceo and chairman of the board
Mar 06, 2024	brooks stephen donald	acquired	-	-	146,253	evp-land, legal, hr, marketing
Mar 06, 2024	thomas travis	sold (taxes)	-50,571	1.42	-35,614	evp, chief financial officer
Mar 06, 2024	thomas travis	acquired	-	-	146,253	evp, chief financial officer
Mar 06, 2024	baghdati marinos christos	sold (taxes)	-50,571	1.42	-35,614	evp operations
Mar 06, 2024	dyes alexander	acquired	-	-	146,253	evp engineering, corp strategy
Mar 06, 2024	baghdati marinos christos	acquired	-	-	146,253	evp operations
Mar 06, 2024	dyes alexander	sold (taxes)	-50,571	1.42	-35,614	evp engineering, corp strategy

Which funds bought or sold REI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.91	-5,185	23,638	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-85.93	-317,315	73,916	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	added	13.31	2,308,740	6,738,600	0.01%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-7.79	356,167	1,853,120	-%
May 15, 2024	VAN DEN BERG MANAGEMENT I, INC	added	9.54	20,885	65,266	0.02%
May 15, 2024	AE Wealth Management LLC	sold off	-100	-139,000	-	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	7.08	79,000	261,000	-%
May 15, 2024	Federation des caisses Desjardins du Quebec	new	-	118	118	-%
May 15, 2024	HSBC HOLDINGS PLC	new	-	26,956	26,956	-%
May 15, 2024	EVERGREEN CAPITAL MANAGEMENT LLC	new	-	23,999	23,999	-%

Are Funds Buying or Selling REI?

Are funds buying REI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own REI

No. of Funds

Unveiling Ring Energy Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 06, 2024	stronghold energy ii operating, llc	0.0%	0	SC 13D/A
Feb 14, 2024	kruse william r	7.0%	13,744,905	SC 13G/A
Aug 25, 2023	stronghold energy ii operating, llc	24.1%	46,994,853	SC 13D/A
Mar 27, 2023	kukes simon g	3.0%	5,507,887	SC 13D/A
Feb 13, 2023	kruse william r	7.2%	12,696,948	SC 13G/A
Nov 22, 2022	kruse william r	7.2%	12,696,948	SC 13G/A
Oct 31, 2022	stronghold energy ii operating, llc	34.2%	59,594,853	SC 13D/A
Sep 12, 2022	stronghold energy ii operating, llc	16.3%	21,339,986	SC 13D
Feb 04, 2022	kruse william r	13.9%	13,939,734	SC 13D
Jan 18, 2022	empery asset management, lp	4.99%	21,428,500	SC 13G/A

Recent SEC filings of Ring Energy Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	8-K	Current Report
May 06, 2024	10-Q	Quarterly Report
Apr 19, 2024	8-K	Current Report
Apr 16, 2024	DEF 14A	DEF 14A
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	S-8	Employee Benefits Plan
Mar 08, 2024	8-K	Current Report
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading

Peers (Alternatives to Ring Energy Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	471.7B	341.1B	0.85%	13.11%	14.38	1.38	-16.75%	-46.83%
CVX	300.5B	198.9B	4.03%	5.64%	14.81	1.51	-18.05%	-43.28%
OXY	56.3B	27.7B	-3.83%	8.93%	13.02	2.03	-22.75%	-55.41%
MRO	14.8B	6.6B	-5.31%	13.71%	10.31	2.23	-15.57%	-47.38%
CHK	12.0B	6.4B	5.21%	11.50%	11.38	1.87	-54.63%	-85.10%
MID-CAP
RRC	9.2B	2.2B	8.87%	28.18%	19.03	4.18	-62.59%	-77.29%
HP	3.8B	2.7B	-5.78%	17.60%	10.77	1.38	2.93%	8.77%
CNX	3.7B	2.5B	1.93%	51.75%	3.66	1.46	-6.59%	-31.79%
KOS	2.8B	1.7B	-2.31%	-5.73%	12.58	1.62	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	249.2M	304.0M	-7.64%	-11.90%	8.14	0.82	-28.78%	-93.34%
AMTX	170.5M	257.2M	1.32%	57.38%	-3.85	0.66	7.59%	61.82%
BATL	94.5M	205.5M	5.90%	5.71%	-1.66	0.46	-40.02%	-142.55%
AE	70.6M	2.8B	-3.81%	-20.17%	41.23	0.03	-15.01%	137.22%
BRN	26.1M	24.4M	-6.81%	2.77%	-8.02	1.07	-16.16%	-245.04%

Ring Energy Inc News

Latest updates

Ring Energy Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-5.4%	95.00	100	94.00	79.00	88.00	100	94.00	85.00	68.00	60.00	49.00	48.00	40.00	31.00	31.00	11.00	40.00	52.00	50.00	51.00	42.00
Costs and Expenses	-3.7%	57.00	59.00	54.00	50.00	52.00	54.00	41.00	31.00	30.00	28.00	25.00	25.00	23.00	160	25.00	167	29.00	34.00	36.00	34.00	32.00
S&GA Expenses	-100.0%	-	8.00	7.00	7.00	7.00	8.00	7.00	6.00	6.00	5.00	4.00	4.00	3.00	7.00	2.00	4.00	3.00	5.00	4.00	5.00	7.00
EBITDA Margin	-11.6%	0.58*	0.66*	0.53*	0.74*	0.74*	0.65*	0.71*	0.54*	0.37*	0.28*	-0.63*	-0.80*	-2.48*	-	-	-	-	-	-	-	-
Interest Expenses	-0.9%	11.00	12.00	11.00	11.00	10.00	9.00	7.00	3.00	3.00	4.00	4.00	4.00	4.00	5.00	4.00	4.00	4.00	4.00	5.00	4.00	1.00
Income Taxes	-78.0%	2.00	8.00	-3.41	-6.36	2.00	3.00	4.00	1.00	0.00	-0.05	-0.05	0.00	-	21.00	-0.49	-39.12	12.00	3.00	3.00	4.00	5.00
Earnings Before Taxes	-87.7%	7.00	59.00	-10.95	22.00	35.00	17.00	79.00	43.00	7.00	24.00	14.00	-15.70	-19.07	-139	-2.45	-174	56.00	8.00	12.00	15.00	9.00
EBT Margin	-27.5%	0.21*	0.29*	0.18*	0.42*	0.48*	0.42*	0.50*	0.34*	0.13*	0.02*	-0.95*	-1.17*	-2.96*	-	-	-	-	-	-	-	-
Net Income	-89.2%	6.00	51.00	-7.54	29.00	33.00	14.00	75.00	42.00	7.00	24.00	14.00	-15.89	-19.07	-160	-1.96	-135	44.00	5.00	9.00	11.00	4.00
Net Income Margin	-27.2%	0.21*	0.29*	0.19*	0.42*	0.45*	0.40*	0.48*	0.33*	0.13*	0.02*	-1.08*	-1.31*	-2.80*	-	-	-	-	-	-	-	-
Free Cashflow	-18.9%	45.00	56.00	55.00	43.00	44.00	64.00	68.00	41.00	25.00	23.00	18.00	16.00	16.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.6%	1,385	1,376	1,363	1,282	1,281	1,269	1,251	745	704	684	679	676	670	663	836	847	1,011	973	957	954	918
Current Assets	4.9%	59.00	56.00	59.00	55.00	58.00	63.00	65.00	48.00	39.00	30.00	25.00	28.00	25.00	21.00	43.00	40.00	65.00	39.00	34.00	39.00	37.00
Cash Equivalents	364.3%	1.00	0.00	0.00	2.00	2.00	4.00	1.00	2.00	2.00	2.00	2.00	3.00	2.00	4.00	18.00	17.00	13.00	10.00	8.00	11.00	3.00
Inventory	-2.8%	6.00	6.00	6.00	7.00	9.00	9.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net PPE	1.0%	1,307	1,293	1,281	1,199	1,198	1,180	1,154	694	662	651	650	644	641	639	767	778	932	929	919	912	879
Liabilities	0.3%	592	590	630	543	582	608	607	387	395	384	403	415	394	369	403	413	443	449	439	446	451
Current Liabilities	4.1%	118	114	152	101	110	142	127	99.00	98.00	77.00	85.00	88.00	67.00	37.00	26.00	20.00	40.00	59.00	52.00	68.00	93.00
Shareholder's Equity	0.8%	793	787	733	739	699	661	506	358	309	301	276	261	276	295	433	434	568	524	518	508	468
Retained Earnings	58.4%	-3.93	-9.45	-60.35	-52.81	-81.60	-114	-128	-203	-245	-252	-277	-291	-275	-256	-96.02	-94.06	41.00	-2.86	-7.89	-16.74	-28.09
Additional Paid-In Capital	0.1%	797	796	794	791	781	775	635	562	555	553	553	552	551	551	529	528	527	526	526	525	496
Accumulated Depreciation	6.3%	401	377	353	331	311	290	270	255	245	236	226	217	208	200	189	178	171	157	142	128	114
Shares Outstanding	0.6%	198	197	195	195	181	176	132	107	100	100	99.00	99.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	227	-	-	-	281	-	-	-	255	-	-	-	75.00	-	-	-	185	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-18.9%	45,189	55,733	55,391	43,366	43,680	63,642	68,173	40,723	24,440	23,208	17,513	16,323	15,688	27,256	14,717	2,648	27,538	44,028	27,176	25,582	9,830
Share Based Compensation	-29.9%	1,724	2,459	2,171	2,260	1,944	2,198	1,543	1,899	1,522	934	777	352	355	2,807	566	1,318	674	647	793	809	834
Cashflow From Investing	23.5%	-39,505	-51,656	-87,329	-28,117	-55,469	-40,534	-218,016	-36,107	-14,222	-17,369	-12,648	-11,044	-10,177	-13,554	1,044	-6,377	-24,943	-37,774	-36,093	-293,585	-55,586
Cashflow From Financing	-17.5%	-4,603	-3,919	30,327	-15,224	9,803	-20,284	148,511	-4,531	-10,486	-5,476	-5,487	-4,309	-7,388	-28,043	-15,070	8,427	-67.81	-3,848	5,937	275,976	45,000

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REI Income Statement

2024-03-31

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Oil, Natural Gas, and Natural Gas Liquids Revenues	$ 94,503,136	$ 88,082,912
Costs and Operating Expenses
Lease operating expenses	18,360,434	17,472,691
Gathering, transportation and processing costs	166,054	(823)
Ad valorem taxes	2,145,631	1,670,613
Oil and natural gas production taxes	4,428,303	4,408,140
Depreciation, depletion and amortization	23,792,450	21,271,671
Asset retirement obligation accretion	350,834	365,847
Operating lease expense	175,091	113,138
General and administrative expense	7,469,222	7,130,139
Total Costs and Operating Expenses	56,888,019	52,431,416
Income from Operations	37,615,117	35,651,496
Other Income (Expense)
Interest income	78,544	0
Interest (expense)	(11,498,944)	(10,390,279)
Gain (loss) on derivative contracts	(19,014,495)	9,474,905
Gain (Loss) on Disposition of Intangible Assets	38,355	0
Other income	25,686	9,600
Net Other Income (Expense)	(30,370,854)	(905,774)
Income Before Benefit from (Provision for) Income Taxes	7,244,263	34,745,722
Benefit from (Provision for) Income Taxes	(1,728,886)	(2,029,943)
Net Income	$ 5,515,377	$ 32,715,779
Basic Earnings per Share (in usd per share)	$ 0.03	$ 0.18
Diluted Earnings per Share (in usd per share)	$ 0.03	$ 0.17

REI Balance Sheet

2024-03-31

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 1,376,075	$ 296,384
Accounts receivable	44,392,621	38,965,002
Joint interest billing receivables, net	1,857,241	2,422,274
Derivative assets	3,704,446	6,215,374
Inventory	5,965,519	6,136,935
Prepaid expenses and other assets	1,371,146	1,874,850
Total Current Assets	58,667,048	55,910,819
Properties and Equipment
Oil and natural gas properties, full cost method	1,700,133,519	1,663,548,249
Financing lease asset subject to depreciation	4,151,171	3,896,316
Fixed assets subject to depreciation	3,353,730	3,228,793
Total Properties and Equipment	1,707,638,420	1,670,673,358
Accumulated depreciation, depletion and amortization	(400,876,225)	(377,252,572)
Net Properties and Equipment	1,306,762,195	1,293,420,786
Operating lease asset	2,353,647	2,499,592
Derivative assets	5,092,176	11,634,714
Deferred financing costs	11,808,874	13,030,481
Total Assets	1,384,683,940	1,376,496,392
Current Liabilities
Accounts payable	99,149,633	104,064,124
Income tax liability	102,633	0
Financing lease liability	1,003,909	956,254
Operating lease liability	612,373	568,176
Derivative liabilities	17,517,656	7,520,336
Notes payable	0	533,734
Asset retirement obligations	36,318	165,642
Total Current Liabilities	118,422,522	113,808,266
Non-current Liabilities
Deferred income taxes	10,178,298	8,552,045
Revolving line of credit	422,000,000	425,000,000
Financing lease liability, less current portion	858,374	906,330
Operating lease liability, less current portion	1,896,177	2,054,041
Derivative liabilities	10,012,561	11,510,368
Asset retirement obligations	28,308,884	28,082,442
Total Liabilities	591,676,816	589,913,492
Commitments and contingencies (See Note 12)
Stockholders' Equity
Preferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock - $0.001 par value; 450,000,000 shares authorized; 197,934,202 shares and 196,837,001 shares issued and outstanding, respectively	197,934	196,837
Additional paid-in capital	796,742,425	795,834,675
Accumulated deficit	(3,933,235)	(9,448,612)
Total Stockholders’ Equity	793,007,124	786,582,900
Total Liabilities and Stockholders' Equity	$ 1,384,683,940	$ 1,376,496,392

About Ring Energy Inc

Ring Energy, Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. It had interests in 54,959 net developed acres and 2,337 net undeveloped acres in Andrews, Gaines, Crane, Winkler, and Ward counties, Texas; and 13,930 net developed acres and 12,512 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. 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 incorporated in 2004 and is headquartered in The Woodlands, Texas.

CEO	Mr. Paul D. McKinney
WEBSITE	ringenergy.com
INDUSTRY	Oil - E&P
EMPLOYEES	98

Ring Energy Inc Frequently Asked Questions

What is the ticker symbol for Ring Energy Inc? What does REI stand for in stocks?

REI is the stock ticker symbol of Ring Energy Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ring Energy Inc (REI)?

As of Fri May 17 2024, market cap of Ring Energy Inc is 366.18 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of REI stock?

You can check REI's fair value in chart for subscribers.

What is the fair value of REI stock?

You can check REI's fair value in chart for subscribers. The fair value of Ring Energy Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ring Energy Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for REI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ring Energy Inc a good stock to buy?

The fair value guage provides a quick view whether REI is over valued or under valued. Whether Ring Energy Inc is cheap or expensive depends on the assumptions which impact Ring Energy Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for REI.

What is Ring Energy Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, REI's PE ratio (Price to Earnings) is 4.71 and Price to Sales (PS) ratio is 1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. REI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ring Energy Inc's stock?

In the past 10 years, Ring Energy Inc has provided -0.207 (multiply by 100 for percentage) rate of return.