Ring Energy Company Profile (NYSE:REI)

About Ring Energy (NYSE:REI)

Ring Energy logoRing Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas. It 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 founded in 2004 and is headquartered in Midland, Texas.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: N/A
  • Symbol: NYSE:REI
  • CUSIP: N/A
  • Web: www.ringenergy.com
Capitalization:
  • Market Cap: $672.48 million
  • Outstanding Shares: 54,145,000
Average Prices:
  • 50 Day Moving Avg: $13.16
  • 200 Day Moving Avg: $12.75
  • 52 Week Range: $8.76 - $14.67
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 23.88
  • P/E Growth: 1.92
Sales & Book Value:
  • Annual Revenue: $42.26 million
  • Price / Sales: 15.91
  • Book Value: $6.04 per share
  • Price / Book: 2.06
Profitability:
  • EBITDA: $21.77 million
Misc:
  • Average Volume: 364,814 shs.
  • Short Ratio: 9.28
 

Frequently Asked Questions for Ring Energy (NYSE:REI)

What is Ring Energy's stock symbol?

Ring Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "REI."

How were Ring Energy's earnings last quarter?

Ring Energy (NYSE:REI) posted its earnings results on Tuesday, August, 8th. The company reported $0.04 EPS for the quarter, hitting the Zacks' consensus estimate of $0.04. The firm had revenue of $14.50 million for the quarter, compared to analysts' expectations of $14.20 million. View Ring Energy's Earnings History.

Where is Ring Energy's stock going? Where will Ring Energy's stock price be in 2017?

6 analysts have issued twelve-month price objectives for Ring Energy's stock. Their predictions range from $17.00 to $20.00. On average, they anticipate Ring Energy's share price to reach $18.60 in the next twelve months. View Analyst Ratings for Ring Energy.

What are analysts saying about Ring Energy stock?

Here are some recent quotes from research analysts about Ring Energy stock:

  • 1. According to Zacks Investment Research, "Ring Energy, Inc. is engaged in the exploration and development of oil and gas. The company operates primarily in Texas and Kansas. Ring Energy, Inc. is based in TULSA, United States. " (8/8/2017)
  • 2. Canaccord Genuity analysts commented, "Date and time of first dissemination: April 05, 2017, 18:24 ET Date and time of production: April 05, 2017, 18:24 ET Target Price / Valuation Methodology: Ring Energy – REI We derive our price target using an average of EV/EBITDA and NAV methodologies. By applying an 8.0x multiple to 2018E EBITDA of $96M and averaging that with a ~$19 NAV, we arrive at our $18 price target. Risks to achieving Target Price / Valuation: Ring Energy – REI Volatile commodity prices: Declines in oil, NGL and natural gas prices adversely affect revenues and cash flows. Realized commodity prices could differ meaningfully from our firm’s price deck assumptions." (4/5/2017)

Are investors shorting Ring Energy?

Ring Energy saw a drop in short interest in September. As of September 29th, there was short interest totalling 5,544,833 shares, a drop of 7.7% from the September 15th total of 6,007,532 shares. Based on an average trading volume of 421,614 shares, the days-to-cover ratio is presently 13.2 days. Currently, 11.1% of the company's shares are short sold.

Who are some of Ring Energy's key competitors?

Who owns Ring Energy stock?

Ring Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.37%) and Mutual of America Capital Management LLC (0.16%). View Institutional Ownership Trends for Ring Energy.

Who bought Ring Energy stock? Who is buying Ring Energy stock?

Ring Energy's stock was bought by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC and Fisher Asset Management LLC. View Insider Buying and Selling for Ring Energy.

How do I buy Ring Energy stock?

Shares of Ring Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ring Energy's stock price today?

One share of Ring Energy stock can currently be purchased for approximately $12.42.


MarketBeat Community Rating for Ring Energy (NYSE REI)
Community Ranking:  3.6 out of 5 (star star star)
Outperform Votes:  219 (Vote Outperform)
Underperform Votes:  84 (Vote Underperform)
Total Votes:  303
MarketBeat's community ratings are surveys of what our community members think about Ring Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Ring Energy (NYSE:REI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $18.60 (49.76% upside)
Consensus Price Target History for Ring Energy (NYSE:REI)
Price Target History for Ring Energy (NYSE:REI)
Analysts' Ratings History for Ring Energy (NYSE:REI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/21/2017Northland SecuritiesSet Price TargetBuy$20.00N/AView Rating Details
10/6/2017Roth CapitalSet Price TargetBuy$20.00N/AView Rating Details
8/15/2017Imperial CapitalInitiated CoverageOutperform$18.00LowView Rating Details
4/22/2017Ladenburg Thalmann Financial ServicesReiterated RatingBuy$15.00 -> $17.00HighView Rating Details
4/5/2017Canaccord GenuityReiterated RatingBuyHighView Rating Details
12/16/2016StephensInitiated CoverageOverweightN/AView Rating Details
8/29/2016Robert W. BairdReiterated RatingNeutral$24.00N/AView Rating Details
8/29/2016Rodman & RenshawInitiated CoverageBuy$15.00N/AView Rating Details
5/12/2016WunderlichBoost Price TargetBuy$8.00 -> $9.00N/AView Rating Details
2/3/2016GMP SecuritiesReiterated RatingHold$7.00N/AView Rating Details
1/6/2016FBR & CoDowngradeOutperform -> Market Perform$9.00 -> $13.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Ring Energy (NYSE:REI)
Earnings by Quarter for Ring Energy (NYSE:REI)
Earnings History by Quarter for Ring Energy (NYSE REI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/8/2017Q2 2017$0.04$0.04$14.20 million$14.50 millionViewListenView Earnings Details
5/9/2017Q1 2017$0.03$0.03$11.47 million$12.24 millionViewListenView Earnings Details
3/15/2017Q4 2016$0.02($0.01)$9.81 million$9.83 millionViewN/AView Earnings Details
11/8/2016Q316($0.01)$0.01$7.99 million$7.82 millionViewListenView Earnings Details
5/9/2016Q116($0.09)($0.50)$5.95 million$6.09 millionViewN/AView Earnings Details
3/15/2016Q415($0.05)($0.05)$7.92 million$7.36 millionViewN/AView Earnings Details
11/9/2015Q315($0.02)($0.04)$9.36 million$8.63 millionViewN/AView Earnings Details
8/10/2015Q215($0.01)$0.02$6.81 million$8.98 millionViewListenView Earnings Details
5/6/2015Q115($0.02)($0.04)$6.18 million$6.05 millionViewN/AView Earnings Details
3/16/2015Q414$0.05$0.10$11.00 million$9.98 millionViewN/AView Earnings Details
11/6/2014$0.12$0.06$12.33 million$10.93 millionViewN/AView Earnings Details
8/8/2014$0.09$0.11$8.76 million$11.20 millionViewN/AView Earnings Details
5/8/2014$0.06$0.05$6.52 million$5.97 millionViewN/AView Earnings Details
3/21/2014$0.04$0.08ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ring Energy (NYSE:REI)
Current Year EPS Consensus Estimate: $0.18 EPS
Next Year EPS Consensus Estimate: $0.52 EPS

Dividends

Dividend History for Ring Energy (NYSE:REI)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Ring Energy (NYSE:REI)
Insider Trades by Quarter for Ring Energy (NYSE:REI)
Institutional Ownership by Quarter for Ring Energy (NYSE:REI)
Insider Trades by Quarter for Ring Energy (NYSE:REI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/19/2017Kelly W HoffmanCEOSell60,000$12.00$720,000.00View SEC Filing  
10/14/2015David A FowlerPresidentSell13,000$10.26$133,380.00View SEC Filing  
4/15/2015David A FowlerPresidentSell10,000$11.59$115,900.00View SEC Filing  
3/24/2015Kelly W HoffmanCEOSell20,000$10.14$202,800.00View SEC Filing  
12/1/2014Rochford Living Trust Lloyd TiDirectorBuy10,000$7.86$78,600.00View SEC Filing  
11/26/2014David A FowlerPresidentBuy1,200$10.84$13,008.00View SEC Filing  
11/26/2014Stanley Myron MccabeDirectorBuy20,000$10.60$212,000.00View SEC Filing  
9/16/2014Kelly W HoffmanCEOBuy1,000$14.94$14,940.00View SEC Filing  
9/16/2014Rochford Living Trust Lloyd TiDirectorBuy10,000$15.15$151,500.00View SEC Filing  
7/2/2014Kelly W HoffmanCEOBuy2,000$17.73$35,460.00View SEC Filing  
6/30/2014Daniel D WilsonEVPBuy5,000$16.64$83,200.00View SEC Filing  
6/30/2014David A FowlerPresidentBuy6,000$16.69$100,140.00View SEC Filing  
4/9/2014David A FowlerPresidentSell15,712$16.35$256,891.20View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Ring Energy (NYSE:REI)
Latest Headlines for Ring Energy (NYSE:REI)
Source:
Loading headlines, please wait.

Social

Chart

Ring Energy (REI) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.