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NYSEAMERICAN:REI

Ring Energy (REI) Stock Price, News & Analysis

Ring Energy logo
$1.28 +0.06 (+4.92%)
(As of 05:19 PM ET)

About Ring Energy Stock (NYSEAMERICAN:REI)

Key Stats

Today's Range
$1.22
$1.29
50-Day Range
N/A
52-Week Range
$1.21
$2.20
Volume
1.25 million shs
Average Volume
1.79 million shs
Market Capitalization
$253.70 million
P/E Ratio
2.25
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico. 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 incorporated in 2004 and is headquartered in The Woodlands, Texas.

Ring Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

REI MarketRank™: 

Ring Energy scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Ring Energy.

  • Earnings Growth

    Earnings for Ring Energy are expected to grow by 38.24% in the coming year, from $0.34 to $0.47 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ring Energy is 2.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.21.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ring Energy is 2.25, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.55.

  • Price to Book Value per Share Ratio

    Ring Energy has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    6.33% of the outstanding shares of Ring Energy have been sold short.
  • Short Interest Ratio / Days to Cover

    Ring Energy has a short interest ratio ("days to cover") of 6.5.
  • Change versus previous month

    Short interest in Ring Energy has recently decreased by 9.78%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Ring Energy does not currently pay a dividend.

  • Dividend Growth

    Ring Energy does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    6.33% of the outstanding shares of Ring Energy have been sold short.
  • Short Interest Ratio / Days to Cover

    Ring Energy has a short interest ratio ("days to cover") of 6.5.
  • Change versus previous month

    Short interest in Ring Energy has recently decreased by 9.78%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Ring Energy has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Ring Energy this week, compared to 3 articles on an average week.
  • Search Interest

    6 people have searched for REI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Ring Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Ring Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,128,000.00 in company stock.

  • Percentage Held by Insiders

    Only 2.60% of the stock of Ring Energy is held by insiders.

  • Percentage Held by Institutions

    77.14% of the stock of Ring Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Ring Energy's insider trading history.
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REI Stock News Headlines

Ring Energy files automatic mixed securities shelf
Ring Energy Appoints New Executive VP for Growth
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Ring Energy Announces Addition to Management Team
Ring Energy Reports Record Q3 2024 Sales and Debt Reduction
See More Headlines

REI Stock Analysis - Frequently Asked Questions

Ring Energy's stock was trading at $1.39 on January 1st, 2024. Since then, REI stock has decreased by 7.9% and is now trading at $1.28.
View the best growth stocks for 2024 here
.

Ring Energy, Inc. (NYSEAMERICAN:REI) issued its quarterly earnings results on Wednesday, November, 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm earned $89.24 million during the quarter, compared to analyst estimates of $83.27 million. Ring Energy had a trailing twelve-month return on equity of 9.21% and a net margin of 29.44%.

Top institutional shareholders of Ring Energy include Warburg Pincus LLC (20.14%), Geode Capital Management LLC (1.50%), State Street Corp (1.21%) and Empowered Funds LLC (0.35%). Insiders that own company stock include Warburg Pincus (E&P) Xii Llc, Warburg Pincus & Co Us, Llc, William R Kruse, Paul D Mckinney, Anthony Benedict Petrelli, John A Crum and Richard E Harris.
View institutional ownership trends
.

Shares of REI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ring Energy investors own include Cenovus Energy (CVE), Crescent Point Energy (CPG), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), NVIDIA (NVDA) and Netflix (NFLX).

Company Calendar

Last Earnings
11/06/2024
Today
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Current Symbol
NYSEAMERICAN:REI
Fax
N/A
Employees
50
Year Founded
N/A

Profitability

Net Income
$104.86 million
Pretax Margin
36.36%

Debt

Sales & Book Value

Annual Sales
$361.06 million
Cash Flow
$0.88 per share
Book Value
$4.02 per share

Miscellaneous

Free Float
193,043,000
Market Cap
$253.70 million
Optionable
Not Optionable
Beta
1.59
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This page (NYSEAMERICAN:REI) was last updated on 12/24/2024 by MarketBeat.com Staff
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