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
CIKN/A
Phone(432) 682-7464
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/14/2019 (Estimated)
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) released its quarterly earnings data on Wednesday, August, 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.13 by $0.04. The firm had revenue of $29.93 million for the quarter, compared to the consensus estimate of $30.05 million. View Ring Energy's Earnings History.
When is Ring Energy's next earnings date?
What price target have analysts set for REI?
7 brokerages have issued 12 month price targets for Ring Energy's shares. Their predictions range from $8.00 to $19.00. On average, they anticipate Ring Energy's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 101.3% 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?
Headlines about REI stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ring Energy earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
Are investors shorting Ring Energy?
Ring Energy saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,444,899 shares, an increase of 1.4% from the February 15th total of 6,354,303 shares. Based on an average daily volume of 482,269 shares, the short-interest ratio is presently 13.4 days. Approximately 10.9% of the shares of the company are short sold. 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 Northern Oil and Gas (NOG), Northern Oil & Gas (NOG), Gulf Keystone Petroleum (GKP), Rockhopper Exploration (RKH), Exillon Energy (EXI), Pantheon Resources (PANR), TransAtlantic Petroleum (TAT), BowLeven (BLVN), Volga Gas (VGAS), PetroNeft Resources (PTR), American Sands Energy (AMSE), Arkanova Energy (AKVA) and Rangeford Resources (RGFR).
What other stocks do shareholders of Ring Energy own?
Who are Ring Energy's key executives?
Ring Energy's management team includes the folowing people:
- Mr. Kelly W. Hoffman, CEO & Director (Age 61)
- Mr. David A. Fowler, Pres & Director (Age 60)
- Mr. William R. Broaddrick, CFO, VP, Corp. Sec. & Treasurer (Age 41)
- Mr. Daniel D. Wilson, Exec. VP of Operations (Age 58)
Who are Ring Energy's major shareholders?
Ring Energy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.38%), Dimensional Fund Advisors LP (6.33%), Dimensional Fund Advisors LP (6.33%), Cannell Capital LLC (4.81%), Principal Financial Group Inc. (3.08%) and Phocas Financial Corp. (2.20%). 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 Thrivent Financial for Lutherans, Hodges Capital Management Inc., BlackRock Inc., Chartwell Investment Partners LLC, Northern Trust Corp, Barclays PLC, Group One Trading L.P. and MetLife Investment Advisors LLC. 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?
REI stock was purchased by a variety of institutional investors in the last quarter, including Cannell Capital LLC, Principal Financial Group Inc., Peregrine Capital Management LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Raymond James & Associates, Ranger Investment Management L.P. and Phocas Financial Corp.. View Insider Buying and Selling for Ring Energy.
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 $5.96.
How big of a company is Ring Energy?
Ring Energy has a market capitalization of $376.85 million.
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.
