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.
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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 Date3/3/2020 (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 Wednesday, August, 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.04. The business earned $29.93 million during 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?
4 brokerages have issued 12 month price objectives for Ring Energy's shares. Their forecasts range from $2.80 to $4.00. On average, they expect Ring Energy's stock price to reach $3.27 in the next twelve months. This suggests a possible upside of 131.7% from the stock's current price. View Analyst Price Targets for Ring Energy.
What is the consensus analysts' recommendation for Ring Energy?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ring Energy in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ring Energy.
What are Wall Street analysts saying about Ring Energy stock?
Here are some recent quotes from research analysts about Ring Energy stock:
- 1. According to Zacks Investment Research, "Ring Energy, Inc. is engaged in the exploration and development of oil and gas. The company operates primarily in Texas and Kansas. Ring Energy, Inc. is based in TULSA, United States. " (1/23/2020)
- 2. Northland Securities analysts commented, "We reiterate our Outperform rating and $9 PT. Production: REI announced 1Q19 production and pricing that imply higher 1Q19 revenue. Production averaged 6,324 BOEPD, below our street-low estimate of 6,593 BOEPD and consensus of 7,245 BOEPD, largely due to few well completions in the quarter. Realized prices of $47.40/BOE were higher than our estimate of $41.88/BOE due to narrower oil differentials. The update implies 1Q19 revenue of ~$27MM, above our estimate of ~$25MM but below consensus of ~$29MM. Additionally, March 2019 production of 6,381 BOEPD is lower than December 2018 production of 6,908 BOEPD but higher than January 2019 production of ~6,100 BOEPD." (4/23/2019)
Has Ring Energy been receiving favorable news coverage?
Press coverage about REI stock has trended very negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. 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 daily sentiment score of -4.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Ring Energy.
Are investors shorting Ring Energy?
Ring Energy saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,850,000 shares, an increase of 5.9% from the January 15th total of 11,190,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 11.3 days. Currently, 23.2% of the company's stock are short sold. View Ring Energy's Current Options Chain.
Who are some of Ring Energy's key competitors?
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. Lloyd Timothy Rochford, Co-Founder & Chairman (Age 72)
- Mr. Kelly W. Hoffman, CEO & Director (Age 61)
- Mr. David A. Fowler, Pres & Director (Age 60)
- Mr. Stanley M. McCabe, Co-Founder & Director (Age 86)
- Mr. William R. Broaddrick, CFO, VP, Corp. Sec. & Treasurer (Age 41)
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 Principal Financial Group Inc. (3.29%), State Street Corp (2.56%), Geode Capital Management LLC (1.20%), Bank of New York Mellon Corp (0.94%), Sei Investments Co. (0.79%) and Financial Advocates Investment Management (0.72%). Company insiders that own Ring Energy stock include Anthony Benedict Petrelli, 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 Financial Advocates Investment Management, State Street Corp, Bank of New York Mellon Corp, Los Angeles Capital Management & Equity Research Inc., Citigroup Inc., Ancora Advisors LLC, Credit Suisse AG and Raymond James & Associates. View Insider Buying and Selling for Ring Energy.
Which major investors are buying Ring Energy stock?
REI stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Principal Financial Group Inc., Guggenheim Capital LLC, Chicago Equity Partners LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC and Crossmark Global Holdings Inc.. Company insiders that have bought Ring Energy stock in the last two years include Anthony Benedict Petrelli, David A Fowler, Kelly W Hoffman, Rochford Living Trust Lloyd Ti, Stanley Myron Mccabe 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, Robinhood, Fidelity and Charles Schwab.
What is Ring Energy's stock price today?
One share of REI stock can currently be purchased for approximately $1.41.
How big of a company is Ring Energy?
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.
