RING ENERGY INC (REI) Stock Price, Forecast & Analysis
USA - NYSEARCA:REI - US76680V1089 - Common Stock
REI Key Statistics, Chart & Performance
The current stock price of REI is 0.985 USD. In the past month the price increased by 7.54%. In the past year, price decreased by -35.62%.
REI Latest News, Press Relases and Analysis
REI Competitors/Peers
Symbol | Company Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| COP | CONOCOPHILLIPS | 12.87 | 114.12B | ||
| EOG | EOG RESOURCES INC | 10.38 | 60.28B | ||
| FANG | DIAMONDBACK ENERGY INC | 10.71 | 43.19B | ||
| EQT | EQT CORP | 21.09 | 37.38B | ||
| EXE | EXPAND ENERGY CORP | 25.28 | 27.93B | ||
| TPL | TEXAS PACIFIC LAND CORP | 49.4 | 23.50B | ||
| DVN | DEVON ENERGY CORP | 8.43 | 22.75B | ||
| CTRA | COTERRA ENERGY INC | 12.08 | 20.10B | ||
| VG | VENTURE GLOBAL INC-CL A | 10.23 | 19.38B | ||
| VNOM | VIPER ENERGY INC-CL A | 21.56 | 12.38B | ||
| PR | PERMIAN RESOURCES CORP | 9.4 | 11.33B | ||
| AR | ANTERO RESOURCES CORP | 18.47 | 10.61B |
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About REI
Company Profile
Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The company is headquartered in The Woodlands, Texas and currently employs 115 full-time employees. The company went IPO on 2007-03-28. The firm is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform (CBP), in the Permian Basin in Texas. Its Lime Rock’s CBP operations are located in the Permian Basin and are focused on the development of approximately 17,700 net acres. The firm's leasehold acreage positions total approximately 97,599 gross (80,919 net) acres, and it holds interests in approximately 935 gross (763 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 60% consisting of oil, 19% consisting of natural gas, and 21% consisting of natural gas liquids. Of those reserves, approximately 69% of the reserves are classified as proved developed and 31% are classified as proved undeveloped.
Company Info
RING ENERGY INC
1725 Hughes Landing Blvd., Suite 900
The Woodlands TEXAS 77380 US
CEO: Paul D. McKinney
Employees: 115
Phone: 12813973699
RING ENERGY INC / REI FAQ
Can you describe the business of RING ENERGY INC?
Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The company is headquartered in The Woodlands, Texas and currently employs 115 full-time employees. The company went IPO on 2007-03-28. The firm is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform (CBP), in the Permian Basin in Texas. Its Lime Rock’s CBP operations are located in the Permian Basin and are focused on the development of approximately 17,700 net acres. The firm's leasehold acreage positions total approximately 97,599 gross (80,919 net) acres, and it holds interests in approximately 935 gross (763 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 60% consisting of oil, 19% consisting of natural gas, and 21% consisting of natural gas liquids. Of those reserves, approximately 69% of the reserves are classified as proved developed and 31% are classified as proved undeveloped.
What is the stock price of RING ENERGY INC today?
The current stock price of REI is 0.985 USD. The price decreased by -1.5% in the last trading session.
What is the dividend status of RING ENERGY INC?
REI does not pay a dividend.
How is the ChartMill rating for RING ENERGY INC?
REI has a ChartMill Technical rating of 3 out of 10 and a ChartMill Fundamental rating of 4 out of 10.
What is the analyst forecast for REI stock?
5 analysts have analysed REI and the average price target is 2.55 USD. This implies a price increase of 158.88% is expected in the next year compared to the current price of 0.985.
What sector and industry does RING ENERGY INC belong to?
RING ENERGY INC (REI) operates in the Energy sector and the Oil, Gas & Consumable Fuels industry.
What is the outstanding short interest for RING ENERGY INC?
The outstanding short interest for RING ENERGY INC (REI) is 6.39% of its float.
REI Technical Analysis
ChartMill assigns a technical rating of 3 / 10 to REI. When comparing the yearly performance of all stocks, REI is a bad performer in the overall market: 81.82% of all stocks are doing better.
REI Fundamental Analysis
ChartMill assigns a fundamental rating of 4 / 10 to REI. While REI belongs to the best of the industry regarding profitability, there are concerns on its financial health.
REI Financial Highlights
Over the last trailing twelve months REI reported a non-GAAP Earnings per Share(EPS) of 0.22. The EPS decreased by -45% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 20.72% | ||
| ROA | 4.57% | ||
| ROE | 7.72% | ||
| Debt/Equity | 0.5 |
REI Forecast & Estimates
5 analysts have analysed REI and the average price target is 2.55 USD. This implies a price increase of 158.88% is expected in the next year compared to the current price of 0.985.
For the next year, analysts expect an EPS growth of -52.39% and a revenue growth -14.72% for REI