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) issued its quarterly earnings data on Tuesday, November, 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business earned $32.69 million during 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 analysts have issued twelve-month price objectives for Ring Energy's shares. Their predictions range from $8.00 to $20.00. On average, they expect Ring Energy's share price to reach $14.20 in the next year. This suggests a possible upside of 157.2% 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?
News coverage about REI stock has trended very positive recently, InfoTrie reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ring Energy earned a news sentiment score of 3.2 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Are investors shorting Ring Energy?
Ring Energy saw a drop in short interest in 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 short-interest ratio is presently 5.3 days. Approximately 11.6% of the company's stock 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 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 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)
- Ms. Hollie Lamb, VP of Engineering (Age 43)
Who are Ring Energy's major shareholders?
Ring Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.72%), Louisiana State Employees Retirement System (0.04%) and Bank of Montreal Can (0.01%). 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 major 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 major 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 $5.52.
How big of a company is Ring Energy?
Ring Energy has a market capitalization of $334.19 million. Ring Energy employs 37 workers across the globe.
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.
