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
Stock Exchange NYSEAMERICAN
Industry Oil & Gas Drilling & Exploration
Sub-IndustryN/A
SectorBasic Materials
SymbolNYSEAMERICAN:REI
CUSIPN/A
Phone+1-918-4993880
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins18.47%
Return on Equity3.75%
Return on Assets3.42%
Miscellaneous
EmployeesN/A
Outstanding Shares60,390,000
Market Cap$765.35
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) posted its earnings results on Tuesday, May, 8th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.04. The company had revenue of $29.89 million for the quarter, compared to the consensus estimate of $29.57 million. Ring Energy had a net margin of 18.47% and a return on equity of 3.75%. View Ring Energy's Earnings History.
What price target have analysts set for REI?
7 analysts have issued 1-year target prices for Ring Energy's shares. Their predictions range from $18.00 to $22.00. On average, they expect Ring Energy's stock price to reach $19.4286 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price. View Analyst Ratings 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Are investors shorting Ring Energy?
Ring Energy saw a increase in short interest in June. As of June 29th, there was short interest totalling 6,586,193 shares, an increase of 19.6% from the June 15th total of 5,505,117 shares. Based on an average daily volume of 827,978 shares, the days-to-cover ratio is presently 8.0 days. Approximately 11.6% of the company's stock 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 Gulf Keystone Petroleum (GKP), Northern Oil & Gas (NOG), Exillon Energy (EXI), Rockhopper Exploration (RKH), Pantheon Resources (PANR), BowLeven (BLVN), TransAtlantic Petroleum (TAT), Volga Gas (VGAS), Rangeford Resources (RGFR), American Sands Energy (AMSE), Arkanova Energy (AKVA), Northern Oil and Gas (NOG) and PetroNeft Resources (PTR).
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)
Has Ring Energy been receiving favorable news coverage?
News articles about REI stock have been trending somewhat negative on Saturday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ring Energy earned a news sentiment score of -0.05 on Accern's scale. They also assigned press coverage about the company an impact score of 43.98 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Ring Energy's major shareholders?
Ring Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.60%), Fisher Asset Management LLC (0.27%), Foundry Partners LLC (0.24%), Deprince Race & Zollo Inc. (0.10%) and Municipal Employees Retirement System of Michigan (0.03%). Company insiders that own Ring Energy stock include Daniel D Wilson, Kelly W Hoffman, Rochford Living Trust Lloyd Ti 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 Foundry Partners LLC, Fisher Asset Management LLC, Peregrine Capital Management LLC, Deprince Race & Zollo Inc. and Municipal Employees Retirement System of Michigan. Company insiders that have sold Ring Energy company stock in the last year include Daniel D Wilson, Kelly W Hoffman, Rochford Living Trust Lloyd Ti and William Randall Broaddrick. 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 $13.31.
How big of a company is Ring Energy?
Ring Energy has a market capitalization of $765.35 million.
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 +1-918-4993880.
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.
