Ring Energy, Inc., an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas, the United States. As of December 31, 2017, the company's proved reserves consisted of approximately 31.9 million barrel of oil equivalent. As of the above date, it also had interests in 8,102 net developed acres and 61,772 net undeveloped acres in Andrews and Gaines counties; and 10,235 net developed acres and 9,682 net undeveloped acres in Culberson and Reeves counties. 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
Industry Oil & Gas Drilling & Exploration
Sub-IndustryN/A
SectorBasic Materials
Phone(432) 682-7464
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees37
OptionableOptionable
Ring Energy (NYSEAMERICAN:REI) Frequently Asked Questions
What is Ring Energy's stock symbol?
Ring Energy trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "REI."
How were Ring Energy's earnings last quarter?
Ring Energy Inc (NYSEAMERICAN:REI) announced its quarterly earnings results on Tuesday, November, 6th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $32.69 million for the quarter, compared to analyst estimates of $30.83 million. View Ring Energy's Earnings History.
When is Ring Energy's next earnings date?
What price target have analysts set for REI?
7 brokers have issued 1 year price targets for Ring Energy's shares. Their predictions range from $8.00 to $20.00. On average, they expect Ring Energy's stock price to reach $14.20 in the next year. This suggests a possible upside of 134.7% from the stock's current price. View Analyst Price Targets for Ring Energy.
What is the consensus analysts' recommendation for Ring Energy?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ring Energy in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ring Energy.
Has Ring Energy been receiving favorable news coverage?
Media headlines about REI stock have been trending somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ring Energy earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave headlines about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the near future.
Are investors shorting Ring Energy?
Ring Energy saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,528,926 shares, a drop of 7.0% from the December 14th total of 7,021,062 shares. Based on an average daily volume of 1,239,112 shares, the days-to-cover ratio is presently 5.3 days. Currently, 11.6% of the company's shares are sold short. View Ring Energy's Current Options Chain.
Who are some of Ring Energy's key competitors?
Some companies that are related to Ring Energy include American Sands Energy (AMSE), Arkanova Energy (AKVA), BowLeven (BLVN), Exillon Energy (EXI), Gulf Keystone Petroleum (GKP), Northern Oil & Gas (NOG), Northern Oil and Gas (NOG), Pantheon Resources (PANR), PetroNeft Resources (PTR), Rangeford Resources (RGFR), Rockhopper Exploration (RKH), TransAtlantic Petroleum (TAT) and Volga Gas (VGAS).
Who are Ring Energy's key executives?
Ring Energy's management team includes the folowing people:
- Mr. Kelly W. Hoffman, CEO & Director (Age 60)
- Mr. David A. Fowler, Pres & Director (Age 59)
- Mr. William R. Broaddrick, CFO, VP, Corp. Sec. & Treasurer (Age 40)
- Mr. Daniel D. Wilson, Exec. VP of Operations (Age 57)
- Ms. Hollie Lamb, VP of Engineering (Age 42)
Who are Ring Energy's major shareholders?
Ring Energy's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.72%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own Ring Energy stock include Daniel D Wilson, David A Fowler, Kelly W Hoffman, Rochford Living Trust Lloyd Ti, Stanley Myron Mccabe and William Randall Broaddrick. View Institutional Ownership Trends for Ring Energy.
Which institutional investors are selling Ring Energy stock?
REI stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have sold Ring Energy company stock in the last year include Daniel D Wilson, David A Fowler, Kelly W Hoffman, Rochford Living Trust Lloyd Ti and Stanley Myron Mccabe. View Insider Buying and Selling for Ring Energy.
Which institutional investors are buying Ring Energy stock?
How do I buy shares of Ring Energy?
Shares of REI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ring Energy's stock price today?
One share of REI stock can currently be purchased for approximately $6.05.
What is Ring Energy's official website?
How can I contact Ring Energy?
Ring Energy's mailing address is 6555 S Lewis Ave, TULSA, OK 74136-1010, United States. The company can be reached via phone at (432) 682-7464.
MarketBeat Community Rating for Ring Energy (NYSEAMERICAN REI)
MarketBeat's community ratings are surveys of what our community members think about Ring Energy and other stocks. Vote "Outperform" if you believe REI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe REI will underperform the S&P 500 over the long term. You may vote once every thirty days.
