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, 2018, the company's proved reserves consisted of approximately 36.6 million barrel of oil equivalent. As of the above date, it also had interests in 17,408 net developed acres and 58,620 net undeveloped acres in Andrews and Gaines counties; and 19,138 net developed acres and 860 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
Employees42
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) announced its quarterly earnings data on Tuesday, February, 26th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $27.56 million for the quarter, compared to analysts' expectations of $28.70 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 stock. 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 124.3% 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 somewhat positive this week, InfoTrie reports. The research group rates the sentiment of news 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 0.7 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near future.
Are investors shorting Ring Energy?
Ring Energy saw a decline in short interest during the month of March. As of March 29th, there was short interest totalling 6,601,823 shares, a decline of 0.6% from the March 15th total of 6,643,560 shares. Based on an average trading volume of 637,770 shares, the short-interest ratio is currently 10.4 days. Approximately 11.1% 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 Northern Oil & Gas (NOG), Northern Oil and Gas (NOG), Gulf Keystone Petroleum (GKP), Rockhopper Exploration (RKH), Pantheon Resources (PANR), Exillon Energy (EXI), Volga Gas (VGAS), TransAtlantic Petroleum (TAT), BowLeven (BLVN), 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 institutional and retail investors. Top institutional shareholders include Chartwell Investment Partners LLC (2.18%), Peregrine Capital Management LLC (1.64%), Deprince Race & Zollo Inc. (0.09%), Hodges Capital Management Inc. (0.07%) and Huntington National Bank (0.05%). 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 Hodges Capital Management Inc., Deprince Race & Zollo Inc. and Peregrine Capital Management 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 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 $5.35.
How big of a company is Ring Energy?
Ring Energy has a market capitalization of $338.28 million. Ring Energy employs 42 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.
