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ring energy - REI

REI

Close Chg Chg %
1.55 0.05 2.91%

Open Market

1.59

+0.05 (2.91%)

Volume: 1.18M

Last Updated:

Nov 21, 2024, 1:45 PM EDT

Trade Now

Company Overview: ring energy - REI

REI Key Data

Open

$1.56

 Day Range

1.56 - 1.60

52 Week Range

1.25 - 2.20

 Market Cap

$305.22M

Shares Outstanding

198.20M

 Public Float

141.43M

Beta

1.63

 Rev. Per Employee

N/A

P/E Ratio

2.72

 EPS

$0.57

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

1.92M

  

REI Performance

1 Week
 
 0.65%
 
1 Month
 
 1.99%
 
3 Months
 
 -18.52%
 
1 Year
 
 -10.98%
 
5 Years
 
 -18.95%
 

REI Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 3
Full Ratings ➔

About ring energy - REI

Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The firm's areas of operation are situated in the Permian Basin, the Central Basin Platform, and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in The Woodlands, TX.

REI At a Glance

Ring Energy, Inc.
1725 Hughes Landing Boulevard
The Woodlands, Texas 77380
Phone 1-281-397-3699 Revenue 361.06M
Industry Integrated Oil Net Income 104.86M
Sector Energy Minerals 2023 Sales Growth 3.976%
Fiscal Year-end 12 / 2024 Employees 108
View SEC Filings

REI Valuation

P/E Current 2.723
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 2.72
Price to Sales Ratio 0.79
Price to Book Ratio 0.365
Price to Cash Flow Ratio 1.439
Enterprise Value to EBITDA 3.032
Enterprise Value to Sales 1.98
Total Debt to Enterprise Value 0.601

REI Efficiency

Revenue/Employee 3,343,111.12
Income Per Employee 970,968.898
Receivables Turnover 8.724
Total Asset Turnover 0.257

REI Liquidity

Current Ratio 0.491
Quick Ratio 0.437
Cash Ratio 0.003

REI Profitability

Gross Margin 68.042
Operating Margin 40.376
Pretax Margin 29.079
Net Margin 29.044
Return on Assets 7.455
Return on Equity 14.487
Return on Total Capital 8.619
Return on Invested Capital 9.146

REI Capital Structure

Total Debt to Total Equity 54.669
Total Debt to Total Capital 35.346
Total Debt to Total Assets 29.04
Long-Term Debt to Equity 54.408
Long-Term Debt to Total Capital 35.177
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Ring Energy - REI

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
113.03M 196.31M 347.25M 361.06M
Sales Growth
-42.25% +73.68% +76.89% +3.98%
Cost of Goods Sold (COGS) incl D&A
86.11M 53.65M 78.25M 115.39M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
43.92M 37.91M 56.72M 90.04M
Depreciation
43.92M 37.91M 56.72M 90.04M
Amortization of Intangibles
- - - -
-
COGS Growth
-24.97% -37.70% +45.87% +47.46%
Gross Income
26.91M 142.66M 269.00M 245.67M
Gross Income Growth
-66.75% +430.12% +88.56% -8.67%
Gross Profit Margin
+23.81% +72.67% +77.47% +68.04%
2020 2021 2022 2023 5-year trend
SG&A Expense
13.97M 42.80M 75.15M 99.89M
Research & Development
- - - -
-
Other SG&A
13.97M 42.80M 75.15M 99.89M
SGA Growth
-16.30% +206.39% +75.58% +32.91%
Other Operating Expense
- - - -
-
Unusual Expense
277.26M 29.20M (38.89M) (11.85M)
EBIT after Unusual Expense
(264.32M) 70.66M 232.74M 157.63M
Non Operating Income/Expense
22.52M (52.75M) (62.53M) (8.72M)
Non-Operating Interest Income
8 1 4 257.16K
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
17.62M 14.49M 23.17M 43.93M
Interest Expense Growth
+27.06% -17.75% +59.88% +89.60%
Gross Interest Expense
17.62M 14.49M 23.17M 43.93M
Interest Capitalized
- - - -
-
Pretax Income
(259.41M) 3.41M 147.04M 104.99M
Pretax Income Growth
-699.32% +101.32% +4,208.05% -28.60%
Pretax Margin
-229.52% +1.74% +42.35% +29.08%
Income Tax
(6.00M) 90.34K 8.41M 125.24K
Income Tax - Current - Domestic
- - - 72.21K
-
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(6.00M) 90.34K 8.41M 53.03K
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(253.41M) 3.32M 138.64M 104.86M
Minority Interest Expense
- - - -
-
Net Income
(253.41M) 3.32M 138.64M 104.86M
Net Income Growth
-959.12% +101.31% +4,072.12% -24.36%
Net Margin Growth
-224.21% +1.69% +39.92% +29.04%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(253.41M) 3.32M 138.64M 104.86M
Preferred Dividends
- - - -
-
Net Income Available to Common
(253.41M) 3.32M 138.64M 104.86M
EPS (Basic)
-3.4766 0.0334 1.1433 0.5502
EPS (Basic) Growth
-884.61% +100.96% +3,323.05% -51.88%
Basic Shares Outstanding
72.89M 99.39M 121.26M 190.59M
EPS (Diluted)
-3.4766 0.0274 0.978 0.5368
EPS (Diluted) Growth
-886.92% +100.79% +3,469.34% -45.11%
Diluted Shares Outstanding
72.89M 121.19M 141.75M 195.36M
EBITDA
56.86M 137.77M 250.57M 235.82M
EBITDA Growth
-53.16% +142.30% +81.88% -5.89%
EBITDA Margin
+50.31% +70.18% +72.16% +65.31%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 3.00
Number of Ratings 3 Current Quarters Estimate 0.085
FY Report Date 12 / 2024 Current Year's Estimate 0.355
Last Quarter’s Earnings 0.07 Median PE on CY Estimate N/A
Year Ago Earnings 0.51 Next Fiscal Year Estimate 0.418
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 4 3 4 4
Mean Estimate 0.09 0.09 0.36 0.42
High Estimates 0.11 0.11 0.40 0.55
Low Estimate 0.06 0.07 0.29 0.28
Coefficient of Variance 24.49 24.02 13.51 31.74

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 1 1 1
OVERWEIGHT 0 0 0
HOLD 2 2 2
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Ring Energy - REI

Date Name Shares Transaction Value
Jun 21, 2024 Alexander Dyes EVP Engineering, Corp Strategy 610,130 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.61 per share 982,309.30
Jun 19, 2024 Travis T. Thomas EVP, Chief Financial Officer 543,619 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.61 per share 875,226.59
Jun 19, 2024 Marinos C. Baghdati EVP Operations 580,992 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.61 per share 935,397.12
Jun 19, 2024 Paul D. McKinney CEO and Chairman of the Board; Director 2,090,282 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.61 per share 3,365,354.02
Jun 19, 2024 Stephen D. Brooks EVP-Land, Legal, HR, Marketing 580,992 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.61 per share 935,397.12
May 22, 2024 Clayton Eugune Woodrum Director 317,162 Bona fide gift 0.00
Mar 11, 2024 Travis T. Thomas EVP, Chief Financial Officer 549,438 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.42 per share 780,201.96
Mar 11, 2024 Marinos Baghdati EVP Operations 586,811 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.42 per share 833,271.62
Mar 11, 2024 Alexander Dyes EVP Engineering, Corp Strategy 615,949 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.42 per share 874,647.58
Mar 11, 2024 Paul D. McKinney CEO and Chairman of the Board; Director 2,113,556 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.42 per share 3,001,249.52
Mar 11, 2024 Stephen D. Brooks EVP-Land, Legal, HR, Marketing 586,811 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $1.42 per share 833,271.62
Mar 7, 2024 Warburg Pincus LLC N/A Other acquisition or disposition 0.00
Feb 16, 2024 Richard E. Harris Director 295,262 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 16, 2024 Regina Lee Roesener Director 446,262 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 16, 2024 David S. Habachy Director 172,933 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 16, 2024 John A. Crum Director 422,662 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 16, 2024 Anthony B. Petrelli Director 678,862 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 16, 2024 Thomas L. Mitchell Director 372,662 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Ring Energy in the News