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

1.98USD-0.04 (-1.98%)Market Closed

Market Summary

USD1.98-0.04

Market Closed

-1.98%

REI Stock Price

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REI RSI Chart

REI Valuation

Market Cap

391.9M

Price/Earnings (Trailing)

3.74

Price/Sales (Trailing)

1.09

EV/EBITDA

1.65

Price/Free Cashflow

1.98

REI Price/Sales (Trailing)

REI Profitability

EBT Margin

29.08%

Return on Equity

13.33%

Return on Assets

7.62%

Free Cashflow Yield

50.57%

REI Fundamentals

REI Revenue

Revenue (TTM)

361.1M

Rev. Growth (Yr)

0.25%

Rev. Growth (Qtr)

6.68%

REI Earnings

Earnings (TTM)

104.9M

Earnings Growth (Yr)

251.19%

Earnings Growth (Qtr)

775.09%

Breaking Down REI Revenue

Last 7 days

-2.4%

Last 30 days

8.6%

Last 90 days

48.5%

Trailing 12 Months

10.4%

How does REI drawdown profile look like?

REI Financial Health

Current Ratio

0.49

REI Investor Care

Shares Dilution (1Y)

12.17%

Diluted EPS (TTM)

0.54

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
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?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	McAdam, LLC	new	-	30,231	30,231	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-68.15	-8,000	6,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-27,028	80,534	-%
Apr 19, 2024	NORDEN GROUP LLC	new	-	23,620	23,620	-%
Apr 18, 2024	Barry Investment Advisors, LLC	unchanged	-	5,000	19,600	0.01%
Apr 16, 2024	Stratos Wealth Advisors, LLC	unchanged	-	20,000	78,400	-%
Apr 15, 2024	DGS Capital Management, LLC	new	-	85,936	85,936	0.02%
Apr 15, 2024	THOMPSON INVESTMENT MANAGEMENT, INC.	unchanged	-	367	1,439	-%
Apr 11, 2024	&PARTNERS	new	-	19,600	19,600	-%
Apr 11, 2024	Royal Fund Management, LLC	unchanged	-	15,000	58,800	0.01%

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
Apr 19, 2024	8-K	Current Report
Apr 16, 2024	DEF 14A	DEF 14A
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
Mar 08, 2024	4	Insider Trading
Mar 08, 2024	4	Insider Trading
Mar 07, 2024	10-K	Annual Report

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	480.3B	344.6B	6.63%	2.38%	13.34	1.39	-16.70%	-35.40%
CVX	303.9B	200.9B	5.29%	-5.04%	14.22	1.51	-18.40%	-39.75%
OXY	59.2B	28.9B	5.61%	7.38%	12.61	2.05	-22.04%	-64.70%
MRO	15.9B	6.6B	2.69%	12.54%	10.22	2.39	-17.41%	-56.98%
CHK	11.9B	8.7B	2.61%	7.38%	4.9	1.36	-25.73%	-50.99%
MID-CAP
RRC	8.5B	2.2B	10.15%	42.39%	17.6	3.86	-62.59%	-77.29%
HP	4.2B	2.8B	2.54%	14.07%	9.7	1.48	19.47%	177.97%
CNX	3.7B	3.4B	5.94%	53.51%	2.13	1.07	172.35%	1311.12%
KOS	2.8B	1.7B	0.34%	-14.77%	13.14	1.65	-26.01%	-5.75%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	289.7M	307.6M	16.98%	4.99%	0.74	0.94	-32.91%	578.62%
AMTX	166.2M	186.7M	-30.16%	80.93%	-3.58	0.89	-27.21%	56.92%
BATL	84.1M	220.8M	-8.07%	-26.71%	-27.59	0.38	-38.52%	-116.44%
AE	75.2M	2.7B	13.76%	-21.15%	354.73	0.03	-18.46%	-93.92%
BRN	27.2M	23.9M	18.14%	3.70%	-10.01	1.14	-21.86%	-149.09%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.7%	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	28.00
Costs and Expenses	9.1%	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	38.00
S&GA Expenses	15.3%	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	3.00
EBITDA Margin	24.9%	0.66*	0.53*	0.74*	0.74*	0.65*	0.71*	0.54*	0.37*	0.28*	-0.63*	-0.80*	-2.48*	-1.76*	-	-	-	-	-	-	-	-
Interest Expenses	2.0%	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	0.00
Income Taxes	330.5%	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	-1.38
Earnings Before Taxes	636.6%	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	-8.46
EBT Margin	65.8%	0.29*	0.18*	0.42*	0.48*	0.42*	0.50*	0.34*	0.13*	0.02*	-0.95*	-1.17*	-2.96*	-2.30*	-	-	-	-	-	-	-	-
Net Income	775.1%	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	-7.08
Net Income Margin	53.1%	0.29*	0.19*	0.42*	0.45*	0.40*	0.48*	0.33*	0.13*	0.02*	-1.08*	-1.31*	-2.80*	-2.24*	-	-	-	-	-	-	-	-
Free Cashflow	0.6%	56.00	55.00	43.00	44.00	64.00	68.00	41.00	25.00	23.00	18.00	16.00	16.00	27.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.0%	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	567
Current Assets	-4.6%	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	17.00
Cash Equivalents	113.9%	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	3.00
Inventory	10.6%	6.00	6.00	7.00	9.00	9.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net PPE	0.9%	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	542
Liabilities	-6.3%	590	630	543	582	608	607	387	395	384	403	415	394	369	403	413	443	449	439	446	451	104
Current Liabilities	-25.1%	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	52.00
Shareholder's Equity	7.2%	787	733	739	699	661	506	358	309	301	276	261	276	295	433	434	568	524	518	508	468	463
Retained Earnings	84.3%	-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	-32.36
Additional Paid-In Capital	0.3%	796	794	791	781	775	635	562	555	553	553	552	551	551	529	528	527	526	526	525	496	495
Accumulated Depreciation	6.8%	377	353	331	311	290	270	255	245	236	226	217	208	200	189	178	171	157	142	128	114	101
Shares Outstanding	0.7%	197	195	195	181	176	132	107	100	100	99.00	99.00	99.00	86.00	-	-	-	-	-	-	-	-
Float	-	-	-	227	-	-	-	281	-	-	-	255	-	-	-	75.00	-	-	-	185	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	0.6%	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	18,353
Share Based Compensation	13.3%	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	780
Cashflow From Investing	40.8%	-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	-41,366
Cashflow From Financing	-112.9%	-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	22,606

REI Income Statement

2023-12-31

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Oil, Natural Gas, and Natural Gas Liquids Revenues	$ 361,056,001	$ 347,249,537	$ 196,305,966
Costs and Operating Expenses
Lease operating expenses	70,158,227	47,695,351	30,312,399
Gathering, transportation and processing costs	457,573	1,830,024	4,333,232
Ad valorem taxes	6,757,841	4,670,617	2,276,463
Oil and natural gas production taxes	18,135,336	17,125,982	9,123,420
Depreciation, depletion and amortization	88,610,291	55,740,767	37,167,967
Asset retirement obligation accretion	1,425,686	983,432	744,045
Operating lease expense	541,801	363,908	523,487
General and administrative expense	29,188,755	27,095,323	16,068,105
Total Costs and Operating Expenses	215,275,510	155,505,404	100,549,118
Income from Operations	145,780,491	191,744,133	95,756,848
Other Income (Expense)
Interest income	257,155	4	1
Interest (expense)	(43,926,732)	(23,167,729)	(14,490,474)
Gain (loss) on derivative contracts	2,767,162	(21,532,659)	(77,853,141)
Loss on disposal of assets	(87,128)	0	0
Other income	198,935	0	0
Net Other Income (Expense)	(40,790,608)	(44,700,384)	(92,343,614)
Income Before Provision for Income Taxes	104,989,883	147,043,749	3,413,234
Provision for Income Taxes	(125,242)	(8,408,724)	(90,342)
Net Income	$ 104,864,641	$ 138,635,025	$ 3,322,892
Basic earnings per share (in usd per share)	$ 0.55	$ 1.14	$ 0.03
Diluted earnings per share (in usd per share)	$ 0.54	$ 0.98	$ 0.03

REI Balance Sheet

2023-12-31

BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 296,384	$ 3,712,526
Accounts receivable	38,965,002	42,448,719
Joint interest billing receivables, net	2,422,274	983,802
Derivative assets	6,215,374	4,669,162
Inventory	6,136,935	9,250,717
Prepaid expenses and other assets	1,874,850	2,101,538
Total Current Assets	55,910,819	63,166,464
Properties and Equipment
Oil and natural gas properties, full cost method	1,663,548,249	1,463,838,595
Financing lease asset subject to depreciation	3,896,316	3,019,476
Fixed assets subject to depreciation	3,228,793	3,147,125
Total Properties and Equipment	1,670,673,358	1,470,005,196
Accumulated depreciation, depletion and amortization	(377,252,572)	(289,935,259)
Net Properties and Equipment	1,293,420,786	1,180,069,937
Operating lease asset	2,499,592	1,735,013
Derivative assets	11,634,714	6,129,410
Deferred financing costs	13,030,481	17,898,973
Total Assets	1,376,496,392	1,268,999,797
Current Liabilities
Accounts payable	104,064,124	111,398,268
Financing lease liability	956,254	709,653
Operating lease liability	568,176	398,362
Derivative liabilities	7,520,336	13,345,619
Notes payable	533,734	499,880
Deferred cash payment	0	14,807,276
Asset retirement obligations	165,642	635,843
Total Current Liabilities	113,808,266	141,794,901
Non-current Liabilities
Deferred income taxes	8,552,045	8,499,016
Revolving line of credit	425,000,000	415,000,000
Financing lease liability, less current portion	906,330	1,052,479
Operating lease liability, less current portion	2,054,041	1,473,897
Derivative liabilities	11,510,368	10,485,650
Asset retirement obligations	28,082,442	29,590,463
Total Liabilities	589,913,492	607,896,406
Commitments and Contingencies - See Note
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; 196,837,001 shares and 175,530,212 shares issued and outstanding, respectively	196,837	175,530
Additional paid-in capital	795,834,675	775,241,114
Accumulated deficit	(9,448,612)	(114,313,253)
Total Stockholders’ Equity	786,582,900	661,103,391
Total Liabilities and Stockholders' Equity	$ 1,376,496,392	$ 1,268,999,797

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 Tue Apr 23 2024, market cap of Ring Energy Inc is 399.83 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 Tue Apr 23 2024, REI's PE ratio (Price to Earnings) is 3.81 and Price to Sales (PS) ratio is 1.11. 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 -0.199 (multiply by 100 for percentage) rate of return.