Ring Energy (REI) Expected to Announce Earnings on Monday

Ring Energy (NYSEAMERICAN:REI - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Monday, May 5th. Analysts expect Ring Energy to post earnings of $0.07 per share and revenue of $85.60 million for the quarter.

Ring Energy Stock Performance

Shares of NYSEAMERICAN:REI traded up $0.02 during midday trading on Friday, reaching $0.92. 1,427,006 shares of the company's stock traded hands, compared to its average volume of 1,846,575. Ring Energy has a one year low of $0.78 and a one year high of $2.06. The stock has a 50 day moving average of $1.06 and a 200 day moving average of $1.36. The company has a market cap of $182.34 million, a price-to-earnings ratio of 1.61 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54.

Wall Street Analyst Weigh In

REI has been the subject of several research analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price target on Ring Energy in a research note on Friday, March 7th.

Insider Transactions at Ring Energy

In other news, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the sale, the insider now directly owns 28,945,643 shares of the company's stock, valued at $35,603,140.89. This represents a 18.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul D. Mckinney purchased 200,000 shares of Ring Energy stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $1.08 per share, for a total transaction of $216,000.00. Following the transaction, the chief executive officer now directly owns 2,966,054 shares of the company's stock, valued at $3,203,338.32. The trade was a 7.23 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.60% of the company's stock.

About Ring Energy

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.