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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Laser breakthrough could send stock soaring 2,467% (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
Laser breakthrough could send stock soaring 2,467% (Ad)
Canadian autoworkers ratify new labor agreement with Ford
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Laser breakthrough could send stock soaring 2,467% (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
Laser breakthrough could send stock soaring 2,467% (Ad)
Canadian autoworkers ratify new labor agreement with Ford
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Laser breakthrough could send stock soaring 2,467% (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
Laser breakthrough could send stock soaring 2,467% (Ad)
Canadian autoworkers ratify new labor agreement with Ford
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
NYSEAMERICAN:REI

Ring Energy (REI) Stock Forecast, Price & News

$1.87
0.00 (0.00%)
(As of 09/22/2023 08:52 PM ET)
Compare
Today's Range
$1.85
▼
$1.92
50-Day Range
$1.70
▼
$2.70
52-Week Range
$1.63
▼
$3.47
Volume
1.64 million shs
Average Volume
2.38 million shs
Market Capitalization
$365.32 million
P/E Ratio
2.10
Dividend Yield
N/A
Price Target
$4.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Ring Energy MarketRank™ Forecast

Analyst Rating
0.00 Rating Score
Upside/​Downside
113.9% Upside
$4.00 Price Target
Short Interest
Bearish
8.21% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$25.96 M Sold Last Quarter
Proj. Earnings Growth
56.36%
From $0.55 to $0.86 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

See Top Rated MarketRank™ Stocks Here

REI stock logo

About Ring Energy (NYSEAMERICAN:REI) Stock

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.

REI Price History

REI Stock News Headlines

September 14, 2023 | finance.yahoo.com
Director Anthony Petrelli Buys 50,000 Shares of Ring Energy Inc
August 17, 2023 | msn.com
Ring Energy: Recent Transactions Reduce Its Operating Costs
September 25, 2023 | Chaikin Analytics (Ad)
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August 16, 2023 | finanznachrichten.de
Ring Energy, Inc.: Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition
August 16, 2023 | finance.yahoo.com
Ring Energy Announces the Closing of the Founders Oil & Gas Permian Basin Assets Acquisition
August 15, 2023 | msn.com
Ring Energy: Getting That Corporate Breakeven Down
August 13, 2023 | finance.yahoo.com
12 Best Quality Penny Stocks to Buy
August 11, 2023 | finance.yahoo.com
Ring Energy Announces Participation in Upcoming Energy Investor Conferences
September 25, 2023 | Chaikin Analytics (Ad)
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August 8, 2023 | markets.businessinsider.com
Ring Energy (REI) Receives a Rating Update from a Top Analyst
August 5, 2023 | finance.yahoo.com
Q2 2023 Ring Energy Inc Earnings Call
August 3, 2023 | finance.yahoo.com
Ring Energy (REI) Beats Q2 Earnings Estimates
August 3, 2023 | finance.yahoo.com
Ring Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023
August 1, 2023 | finance.yahoo.com
Magnolia Oil & Gas Corp (MGY) Beats Q2 Earnings Estimates
July 31, 2023 | insidermonkey.com
5 Best Growth Stocks for the Next 10 Years
July 29, 2023 | finance.yahoo.com
10 Best Oil and Gas Penny Stocks to Buy
July 27, 2023 | finance.yahoo.com
CNX Resources Corporation. (CNX) Q2 Earnings Top Estimates
July 27, 2023 | markets.businessinsider.com
Analysts Offer Insights on NA Companies: Southwestern Energy (SWN) and Ring Energy (REI)
July 20, 2023 | finance.yahoo.com
Ring Energy Announces Timing of Second Quarter 2023 Earnings Release and Conference Call
July 19, 2023 | finance.yahoo.com
Oil & Gas Stock Roundup: Exxon's Denbury Buyout, Shell's Oil Find & More
July 12, 2023 | finance.yahoo.com
Ring Energy (REI) to Acquire Permian Basin Assets for $75M
July 11, 2023 | msn.com
Ring Energy buys Central Basin Platform assets in $75M deal
July 11, 2023 | finance.yahoo.com
Ring Energy Announces Accretive All Cash Asset Acquisition Strategically Expanding Core Operating Area
July 7, 2023 | msn.com
Ring Energy: Conventional Operator
July 7, 2023 | chron.com
Permian Energy Briefs: Ring Energy sells non-core Delaware assets
July 5, 2023 | benzinga.com
Ring Energy Announces $25M Debt Reduction in Q2 2023 and Sale of Non-Core Delaware Basin Assets
July 5, 2023 | msn.com
Ring Energy announces $25M debt reduction
See More Headlines
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REI Company Calendar

Last Earnings
8/03/2023
Today
9/24/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSEAMERICAN
Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NYSEAMERICAN:REI
CUSIP
N/A
CIK
1384195
Web
www.ringenergy.com
Phone
(281) 397-3699
Fax
N/A
Employees
98
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.00
High Stock Price Forecast
$4.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+113.9%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.89
Trailing P/E Ratio
2.10
Forward P/E Ratio
3.40
P/E Growth
N/A
Net Income
$138.63 million
Net Margins
41.79%
Pretax Margin
42.49%
Return on Equity
15.33%
Return on Assets
7.86%

Debt

Debt-to-Equity Ratio
0.54
Current Ratio
0.55
Quick Ratio
0.47

Sales & Book Value

Annual Sales
$347.25 million
Price / Sales
1.05
Cash Flow
$0.91 per share
Price / Cash Flow
2.05
Book Value
$3.79 per share
Price / Book
0.49

Miscellaneous

Outstanding Shares
195,360,000
Free Float
192,622,000
Market Cap
$365.32 million
Optionable
Optionable
Beta
2.04
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Key Executives

  • Mr. Paul D. McKinney (Age 64)
    CEO & Chairman
    Comp: $1.35M
  • Mr. Travis T. Thomas (Age 45)
    Exec. VP, CFO, Corp. Sec. & Treasurer
    Comp: $668.5k
  • Mr. Marinos Christos Baghdati (Age 46)
    Exec. VP of Operations
    Comp: $668.5k
  • Mr. Stephen Donald Brooks (Age 67)
    Exec. VP of Land, Legal, HR & Marketing
    Comp: $668.5k
  • Mr. Alexander Dyes (Age 38)
    Exec. VP of Engineering & Corp. Strategy
    Comp: $665.96k
  • Ms. Hollie Lamb (Age 47)
    VP of Compliance & GM of the Midland - Texas Office
  • Al Petrie
    Officer of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













REI Stock - Frequently Asked Questions

What is Ring Energy's stock price forecast for 2023?

0 brokers have issued 1 year price targets for Ring Energy's shares. Their REI share price forecasts range from $4.00 to $4.00. On average, they anticipate the company's stock price to reach $4.00 in the next year. This suggests a possible upside of 113.9% from the stock's current price.
View analysts price targets for REI or view top-rated stocks among Wall Street analysts.

How have REI shares performed in 2023?

Ring Energy's stock was trading at $2.36 at the beginning of the year. Since then, REI shares have decreased by 20.8% and is now trading at $1.87.
View the best growth stocks for 2023 here.

How were Ring Energy's earnings last quarter?

Ring Energy, Inc. (NYSEAMERICAN:REI) posted its quarterly earnings data on Thursday, August, 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $79.35 million for the quarter, compared to analyst estimates of $84.83 million. Ring Energy had a trailing twelve-month return on equity of 15.33% and a net margin of 41.79%.

What ETF holds Ring Energy's stock ?

First Trust Natural Gas ETF holds 413,552 shares of REI stock, representing 0.16% of its portfolio.

What other stocks do shareholders of Ring Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ring Energy investors own include Universal Display (OLED), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Gulfport Energy (GPOR), AT&T (T), Energy Transfer (ET), Intel (INTC), Sorrento Therapeutics (SRNE), Permian Resources (CDEV) and Cleveland-Cliffs (CLF).

What is Ring Energy's stock symbol?

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

Who are Ring Energy's major shareholders?

Ring Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.27%), Aristotle Capital Boston LLC (1.18%), Geode Capital Management LLC (1.14%), State Street Corp (0.94%), Northern Trust Corp (0.55%) and Citigroup Inc. (0.00%). Insiders that own company stock include Anthony Benedict Petrelli, Paul D Mckinney, Richard E Harris, Rochford Living Trust Lloyd Ti, Warburg Pincus (E&P) Xii Llc and William R Kruse.
View institutional ownership trends.

How do I buy shares of Ring Energy?

Shares of REI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ring Energy's stock price today?

One share of REI stock can currently be purchased for approximately $1.87.

How much money does Ring Energy make?

Ring Energy (NYSEAMERICAN:REI) has a market capitalization of $365.32 million and generates $347.25 million in revenue each year. The company earns $138.63 million in net income (profit) each year or $0.89 on an earnings per share basis.

How can I contact Ring Energy?

Ring Energy's mailing address is 901 WEST WALL STREET THIRD FLOOR, MIDLAND TX, 79701. The official website for the company is www.ringenergy.com. The company can be reached via phone at (281) 397-3699 or via email at k-m-financial@msn.com.

This page (NYSEAMERICAN:REI) was last updated on 9/25/2023 by MarketBeat.com Staff

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