About Ring Energy (NYSE:REI)
Ring 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
- Market Cap: $672.48 million
- Outstanding Shares: 54,145,000
- 50 Day Moving Avg: $13.16
- 200 Day Moving Avg: $12.75
- 52 Week Range: $8.76 - $14.67
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 23.88
- P/E Growth: 1.92
- Annual Revenue: $42.26 million
- Price / Sales: 15.91
- Book Value: $6.04 per share
- Price / Book: 2.06
- 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) announced its quarterly earnings data on Tuesday, August, 8th. The company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.04. The company 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 1-year target prices 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 decline in short interest in the month of September. As of September 29th, there was short interest totalling 5,544,833 shares, a decline of 7.7% from the September 15th total of 6,007,532 shares. Based on an average daily volume of 421,614 shares, the short-interest ratio is currently 13.2 days. Currently, 11.1% of the company's shares are sold short.
Who are some of Ring Energy's key competitors?
Some companies that are related to Ring Energy include Halcon Resources Corporation (HK), Noble Corporation (NE), SandRidge Energy (SD), Geopark Ltd (GPRK), Trinidad Drilling (TDG), Independence Contract Drilling (ICD), Cathedral Energy Services Ltd (CET), Magnum Hunter Resources Corp (MHR), North Atlantic Drilling (NADL), Progress Energy (PGN), Breitburn Energy Partners LP (BBEP), Hercules Offshore Com (HERO) and Vanguard Natural Resources (VNR).
Who owns Ring Energy stock?
Ring Energy's stock is owned by many different of institutional and retail 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?
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?
MarketBeat Community Rating for Ring Energy (NYSE REI)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.
One share of Ring Energy stock can currently be purchased for approximately $12.42.
Earnings History for Ring Energy (NYSE:REI)Earnings History by Quarter for Ring Energy (NYSE REI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.04||$0.04||$14.20 million||$14.50 million||View||Listen|
|5/9/2017||Q1 2017||$0.03||$0.03||$11.47 million||$12.24 million||View||Listen|
|3/15/2017||Q4 2016||$0.02||($0.01)||$9.81 million||$9.83 million||View||N/A|
|11/8/2016||Q316||($0.01)||$0.01||$7.99 million||$7.82 million||View||Listen|
|5/9/2016||Q116||($0.09)||($0.50)||$5.95 million||$6.09 million||View||N/A|
|3/15/2016||Q415||($0.05)||($0.05)||$7.92 million||$7.36 million||View||N/A|
|11/9/2015||Q315||($0.02)||($0.04)||$9.36 million||$8.63 million||View||N/A|
|8/10/2015||Q215||($0.01)||$0.02||$6.81 million||$8.98 million||View||Listen|
|5/6/2015||Q115||($0.02)||($0.04)||$6.18 million||$6.05 million||View||N/A|
|3/16/2015||Q414||$0.05||$0.10||$11.00 million||$9.98 million||View||N/A|
|11/6/2014||$0.12||$0.06||$12.33 million||$10.93 million||View||N/A|
|8/8/2014||$0.09||$0.11||$8.76 million||$11.20 million||View||N/A|
|5/8/2014||$0.06||$0.05||$6.52 million||$5.97 million||View||N/A|
Earnings Estimates for Ring Energy (NYSE:REI)
Current Year EPS Consensus Estimate: $0.18 EPS
Next Year EPS Consensus Estimate: $0.52 EPS
Dividend History for Ring Energy (NYSE:REI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Ring Energy (NYSE:REI)Insider Trades by Quarter for Ring Energy (NYSE:REI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/19/2017||Kelly W Hoffman||CEO||Sell||60,000||$12.00||$720,000.00|| |
|10/14/2015||David A Fowler||President||Sell||13,000||$10.26||$133,380.00|| |
|4/15/2015||David A Fowler||President||Sell||10,000||$11.59||$115,900.00|| |
|3/24/2015||Kelly W Hoffman||CEO||Sell||20,000||$10.14||$202,800.00|| |
|12/1/2014||Rochford Living Trust Lloyd Ti||Director||Buy||10,000||$7.86||$78,600.00|| |
|11/26/2014||David A Fowler||President||Buy||1,200||$10.84||$13,008.00|| |
|11/26/2014||Stanley Myron Mccabe||Director||Buy||20,000||$10.60||$212,000.00|| |
|9/16/2014||Kelly W Hoffman||CEO||Buy||1,000||$14.94||$14,940.00|| |
|9/16/2014||Rochford Living Trust Lloyd Ti||Director||Buy||10,000||$15.15||$151,500.00|| |
|7/2/2014||Kelly W Hoffman||CEO||Buy||2,000||$17.73||$35,460.00|| |
|6/30/2014||Daniel D Wilson||EVP||Buy||5,000||$16.64||$83,200.00|| |
|6/30/2014||David A Fowler||President||Buy||6,000||$16.69||$100,140.00|| |
|4/9/2014||David A Fowler||President||Sell||15,712||$16.35||$256,891.20|| |
Headline Trends for Ring Energy (NYSE:REI)
Latest Headlines for Ring Energy (NYSE:REI)
Loading headlines, please wait.
Ring Energy (REI) Chart for Monday, October, 23, 2017