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: $700.64 million
  • Outstanding Shares: 54,145,000
Average Prices:
  • 50 Day Moving Avg: $12.70
  • 200 Day Moving Avg: $12.28
  • 52 Week Range: $8.76 - $14.14
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 23.53
  • P/E Growth: 1.86
Sales & Book Value:
  • Annual Revenue: $42.26 million
  • Price / Sales: 16.58
  • Book Value: $6.04 per share
  • Price / Book: 2.14
Profitability:
  • EBIDTA: $21.77 million
Misc:
  • Average Volume: 467,758 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 quarterly earnings results on Tuesday, August, 8th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm earned $14.50 million during 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 12-month price objectives for Ring Energy's shares. Their forecasts range from $17.00 to $20.00. On average, they expect Ring Energy's stock price to reach $18.60 in the next year. 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 increase in short interest in August. As of August 31st, there was short interest totalling 6,073,493 shares, an increase of 4.7% from the August 15th total of 5,798,776 shares. Based on an average daily volume of 297,326 shares, the days-to-cover ratio is currently 20.4 days. Currently, 12.1% of the company's shares are sold short.

Who are some of Ring Energy's key competitors?

Who owns Ring Energy stock?

Ring Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Royal Bank of Canada (6.92%), Daruma Capital Management LLC (4.12%), Formula Growth Ltd. (3.84%), Vanguard Group Inc. (3.66%), FMR LLC (2.91%) and Phocas Financial Corp. (2.19%). Company insiders that own Ring Energy stock include David A Fowler and Kelly W Hoffman. View Institutional Ownership Trends for Ring Energy.

Who sold Ring Energy stock? Who is selling Ring Energy stock?

Ring Energy's stock was sold by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Thompson Siegel & Walmsley LLC, FMR LLC, AGF Investments Inc., Deprince Race & Zollo Inc., Bank of New York Mellon Corp, Nationwide Fund Advisors and Goldman Sachs Group Inc.. View Insider Buying and Selling for Ring Energy.

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

Ring Energy's stock was purchased by a variety of institutional investors in the last quarter, including Daruma Capital Management LLC, Pembroke Management LTD, Kennedy Capital Management Inc., Royal Bank of Canada, Dimensional Fund Advisors LP, Vaughan Nelson Investment Management L.P., Principal Financial Group Inc. and Federated Investors Inc. PA. 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 $12.94.


MarketBeat Community Rating for Ring Energy (NYSE REI)
Community Ranking:  3.7 out of 5 (star star star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  78 (Vote Underperform)
Total Votes:  289
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 (43.74% upside)

Analysts' Ratings History for Ring Energy (NYSE:REI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/23/2017Roth CapitalSet Price TargetBuy$20.00LowView Rating Details
8/15/2017Imperial CapitalInitiated CoverageOutperform$18.00LowView Rating Details
8/14/2017Northland SecuritiesSet Price TargetBuy$20.00HighView 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 9/24/2015 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: $0.19 EPS
Next Year EPS Consensus Estimate: $0.55 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:
DateHeadline
americanbankingnews.com logoHead-To-Head Review: SandRidge Energy (SD) versus Ring Energy (REI)
www.americanbankingnews.com - September 23 at 8:32 PM
americanbankingnews.com logoRing Energy (REI) versus Noble Corporation (NE) Critical Contrast
www.americanbankingnews.com - September 23 at 8:33 AM
americanbankingnews.com logoAnalyzing Vanguard Natural Resources (VNR) and Ring Energy (REI)
www.americanbankingnews.com - September 18 at 6:40 PM
americanbankingnews.com logoRing Energy (REI) Short Interest Update
www.americanbankingnews.com - September 12 at 6:34 PM
finance.yahoo.com logoRing Energy, Inc. breached its 50 day moving average in a Bearish Manner : REI-US : September 11, 2017
finance.yahoo.com - September 12 at 9:07 AM
americanbankingnews.com logoAnalyzing North Atlantic Drilling (NADL) and Ring Energy (REI)
www.americanbankingnews.com - September 10 at 2:24 AM
americanbankingnews.com logoHead to Head Analysis: Ring Energy (REI) and Independence Contract Drilling (ICD)
www.americanbankingnews.com - September 9 at 10:30 PM
americanbankingnews.com logo$0.05 EPS Expected for Ring Energy (REI) This Quarter
www.americanbankingnews.com - September 9 at 12:58 PM
prnewswire.com logoHow These Oil & Gas Stocks are Performing? -- Jagged Peak Energy, Ring Energy, Camber Energy, and Northern Oil and Gas
www.prnewswire.com - September 8 at 7:35 AM
finance.yahoo.com logoETFs with exposure to Ring Energy, Inc. : September 7, 2017
finance.yahoo.com - September 8 at 7:35 AM
americanbankingnews.com logoRing Energy (REI) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - September 6 at 10:42 PM
finance.yahoo.com logoRing Energy, Inc. :REI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 4, 2017
finance.yahoo.com - September 5 at 5:54 AM
finance.yahoo.com logoReport Coverage on Real Estate Stocks, RioCan REIT, H and R REIT, Dream Global REIT, and Canadian REIT
finance.yahoo.com - August 30 at 8:30 AM
finance.yahoo.com logoRing Energy, Inc. – Value Analysis (NYSE AMERICAN:REI) : August 29, 2017
finance.yahoo.com - August 29 at 7:11 AM
seekingalpha.com logoRing Energy: Does Its Strong Growth Add Shareholder Value?
seekingalpha.com - August 25 at 10:42 AM
americanbankingnews.com logoShort Interest in Ring Energy (REI) Increases By 2.9%
www.americanbankingnews.com - August 24 at 6:26 PM
americanbankingnews.com logoRing Energy (REI) Given a $20.00 Price Target at Roth Capital
www.americanbankingnews.com - August 23 at 6:32 PM
finance.yahoo.com logoRing Energy, Inc. breached its 50 day moving average in a Bearish Manner : REI-US : August 18, 2017
finance.yahoo.com - August 19 at 6:58 AM
americanbankingnews.com logoImperial Capital Begins Coverage on Ring Energy (REI)
www.americanbankingnews.com - August 15 at 8:34 PM
seekingalpha.com logoRing Energy: An In-Depth Examination Of This Small-Cap Permian Play
seekingalpha.com - August 15 at 6:37 AM
americanbankingnews.com logoRing Energy (REI) Rating Reiterated by Northland Securities
www.americanbankingnews.com - August 14 at 12:28 PM
americanbankingnews.com logoRing Energy (REI) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 12 at 10:50 PM
americanbankingnews.com logoRing Energy (NYSE:REI) Sees Significant Drop in Short Interest
www.americanbankingnews.com - August 10 at 8:06 AM
finance.yahoo.com logoInvestor Network: Ring Energy, Inc. to Host Earnings Call
finance.yahoo.com - August 10 at 7:21 AM
finance.yahoo.com logoEdited Transcript of REI earnings conference call or presentation 9-Aug-17 4:00pm GMT
finance.yahoo.com - August 10 at 7:21 AM
americanbankingnews.com logoRing Energy (NYSE:REI) Posts Earnings Results, Hits Estimates
www.americanbankingnews.com - August 9 at 7:48 PM
seekingalpha.com logoRing Energy EPS in-line, beats on revenue
seekingalpha.com - August 9 at 6:50 AM
finance.yahoo.com logoRing Energy Inc. Announces Second Quarter and Six Month 2017 Financial and Operating Results
finance.yahoo.com - August 9 at 6:50 AM
americanbankingnews.com logoRing Energy (NYSE:REI) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - August 8 at 8:50 AM
americanbankingnews.com logo$14.20 Million in Sales Expected for Ring Energy (NYSE:REI) This Quarter
www.americanbankingnews.com - August 5 at 7:14 AM
americanbankingnews.com logo Analysts Anticipate Ring Energy (NYSE:REI) Will Announce Earnings of $0.04 Per Share
www.americanbankingnews.com - August 3 at 2:44 PM
seekingalpha.com logoRing Energy raises 2017 capex to $120M with plans for second drilling rig
seekingalpha.com - August 2 at 8:53 PM
finance.yahoo.com logoRing Energy, Inc. Announces Revised 2017 Capital Expenditure Drilling and Operational Budget
finance.yahoo.com - August 2 at 8:53 PM
finance.yahoo.com logoRing Energy, Inc. breached its 50 day moving average in a Bullish Manner : REI-US : July 26, 2017
finance.yahoo.com - July 27 at 6:47 AM
finance.yahoo.com logoETFs with exposure to Ring Energy, Inc. : July 24, 2017
finance.yahoo.com - July 24 at 10:58 PM
finance.yahoo.com logoRing Energy, Inc. Schedules Conference Call on Its 2017 Second Quarter and Six Month Financial and Operating Results
finance.yahoo.com - July 24 at 5:55 PM
americanbankingnews.com logoRing Energy (REI) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 18 at 10:38 PM
finance.yahoo.com logoETFs with exposure to Ring Energy, Inc. : July 14, 2017
finance.yahoo.com - July 15 at 7:56 AM
americanbankingnews.com logoZacks: Analysts Anticipate Ring Energy (REI) Will Post Quarterly Sales of $14.84 Million
www.americanbankingnews.com - July 14 at 4:24 PM
finance.yahoo.com logoRing Energy, Inc. breached its 50 day moving average in a Bearish Manner : REI-US : July 13, 2017
finance.yahoo.com - July 14 at 7:50 AM
finance.yahoo.com logoRing Energy, Inc. Releases Second Quarter 2017 Operations Update
finance.yahoo.com - July 13 at 8:38 AM
americanbankingnews.com logoRing Energy (REI) Short Interest Up 12.5% in June
www.americanbankingnews.com - July 12 at 6:26 PM
americanbankingnews.com logo Analysts Expect Ring Energy (REI) Will Announce Earnings of $0.04 Per Share
www.americanbankingnews.com - July 12 at 7:34 AM
finance.yahoo.com logoRing Energy, Inc. – Value Analysis (NYSE MKT:REI) : June 30, 2017
finance.yahoo.com - July 1 at 6:56 AM
finance.yahoo.com logoRing Energy, Inc. breached its 50 day moving average in a Bullish Manner : REI-US : June 29, 2017
finance.yahoo.com - June 30 at 6:05 AM
americanbankingnews.com logoRing Energy (REI) Short Interest Down 1.1% in June
www.americanbankingnews.com - June 27 at 7:13 AM
americanbankingnews.com logoRing Energy (REI) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - June 23 at 8:46 PM
americanbankingnews.com logoRing Energy (REI) Expected to Announce Quarterly Sales of $15.37 Million
www.americanbankingnews.com - June 18 at 10:02 AM
finance.yahoo.com logoRing Energy, Inc. breached its 50 day moving average in a Bearish Manner : REI-US : June 15, 2017
finance.yahoo.com - June 16 at 9:16 AM
finance.yahoo.com logoETFs with exposure to Ring Energy, Inc. : June 6, 2017
finance.yahoo.com - June 6 at 8:57 PM

Social

Chart

Ring Energy (REI) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by MarketBeat.com Staff