Ring Energy, Inc.

REI

US76680V1089

Oil & Gas Exploration and Production

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Mar. 26	Transcript : Ring Energy, Inc. - Special Call
Mar. 08	Transcript : Ring Energy, Inc., Q4 2023 Earnings Call, Mar 08, 2024

Ring Energy: Q3 Earnings Snapshot

November 09, 2022 at 05:56 pm EST

THE WOODLANDS, Texas (AP) _ Ring Energy Inc. (REI) on Wednesday reported profit of $75.1 million in its third quarter.

The The Woodlands, Texas-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring gains, were 28 cents per share.

The independent oil and gas company posted revenue of $94.4 million in the period.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REI at https://www.zacks.com/ap/REI

Latest news about Ring Energy, Inc.

Transcript : Ring Energy, Inc. - Special Call	Mar. 26
Transcript : Ring Energy, Inc., Q4 2023 Earnings Call, Mar 08, 2024	Mar. 08
Ring Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 07	CI
Earnings Flash (REI) RING ENERGY Posts Q4 Revenue $99.9M, vs. Street Est of $97.1M	Mar. 07	MT
Earnings Flash (REI) RING ENERGY Reports Q4 EPS $0.11, vs. Street Est of $0.12	Mar. 07	MT
Ring Energy, Inc. Provides Sales Guidance for the First Quarter and Full Year of 2024	Mar. 07	CI
Ring Energy, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 07	CI
Ring Energy, Inc. Reports Sales Results for the Fourth Quarter of 2023	Jan. 29	CI
Ring Energy, Inc. Provides Sales Guidance for the First Quarter of 2024	Jan. 29	CI
Ring Energy, Inc. Announces Successful Results of Senior Credit Facility Fall 2023 Redetermination and Final Payment for Founders Property Acquisition	Dec. 21	CI
Transcript : Ring Energy, Inc., Q3 2023 Earnings Call, Nov 03, 2023	Nov. 03
Earnings Flash (REI) RING ENERGY Reports Q3 EPS $0.13, vs. Street Est of $0.12	Nov. 02	MT
Ring Energy, Inc. Provides Sales Volume Guidance for the Fourth Quarters of 2023	Nov. 02	CI
Ring Energy, Inc. Reports Sales Volumes Results for the Third Quarter and Nine Months September 30, 2023	Nov. 02	CI
Ring Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
An unknown buyer acquired non-core operated New Mexico properties of Ring Energy for $4.5 million.	Nov. 01	CI
Ring Energy Completes Purchase of Founders Oil & Gas' Permian Basin Assets	23-08-16	MT
Ring Energy, Inc. completed the acquisition of Central Basin Platform Assets of Founders Oil & Gas IV, LLC.	23-08-14	CI
Ring Energy, Inc. Provides Sales Volume Guidance for the Third and Fourth Quarters of 2023	23-08-04	CI
Transcript : Ring Energy, Inc., Q2 2023 Earnings Call, Aug 04, 2023	23-08-04
Ring Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-03	CI
Earnings Flash (REI) RING ENERGY Posts Q2 EPS $0.14, vs. Street Est of $0.11	23-08-03	MT
Sector Update: Energy Stocks Rising Late Tuesday	23-07-11	MT
Sector Update: Energy Stocks Rising Tuesday Afternoon	23-07-11	MT
Sector Update: Energy Stocks Gain Pre-Bell Tuesday	23-07-11	MT

Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company 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, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-06 - Q1 2024 Earnings Release (Projected)

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ESG Refinitiv

C-

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.06 USD

Average target price

3 USD

Spread / Average Target

+45.63%

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Other Oil & Gas Exploration and Production

Ring Energy, Inc.

Equities

REI

US76680V1089

Oil & Gas Exploration and Production

Ring Energy: Q3 Earnings Snapshot

Latest news about Ring Energy, Inc.

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Analysts' Consensus

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Quarterly earnings - Rate of surprise

Sector Other Oil & Gas Exploration and Production