Ring Energy Inc (REI)
XASE:REI
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REI Stock Chart & Stats
$1.25
<$0.01(0.35%)
At close: 4:00 PM EST
$1.25
<$0.01(0.35%)
Day’s Range― - ―
52-Week Range$0.72 - $2.00
Previous CloseN/A
Volume555.71K
Average Volume (3M)5.92M
Market Cap
$327.47M
Enterprise Value$697.51M
Total Cash (Recent Filing)$1.04M
Total Debt (Recent Filing)$428.41M
Price to Earnings (P/E)―
Beta0.62
Next Earnings
Aug 11, 2026EPS Estimate
0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.28
Shares Outstanding253,853,620
10 Day Avg. Volume4,552,918
30 Day Avg. Volume5,915,394
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.21
Price to Sales (P/S)0.58
P/FCF Ratio3.39
Enterprise Value/Market Cap2.13
Enterprise Value/Revenue2.31
Enterprise Value/Gross Profit4.09
Enterprise Value/Ebitda5.64
Forecast
1Y Price Target
$2.50Price Target Upside100.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)$510.27M
Bulls Say, Bears Say
Bulls Say
Consistent Free Cash FlowRing has delivered positive free cash flow for 26 consecutive quarters and sustained operating cash flow ($148–198M historically). This persistent cash generation supports reinvestment, hedging and eventual deleveraging, providing durable financial flexibility through commodity cycles.
Structural LOE ImprovementsRepeated quarter-to-quarter LOE reductions and sub-guidance LOE per BOE point to structural operating-cost gains. Lower lift costs expand per‑barrel margins, improve cash conversion and reduce breakeven levels, strengthening resilience to prolonged lower price environments.
Oil‑Weighted Permian Asset BaseConcentration in long-life, oil-weighted Permian assets with multi-year low-decline inventory plus focus on longer laterals and recompletions supports stable production and lower maintenance capex. This structural asset quality underpins predictable cash flows and scalable development optionality.
Bears Say
Large Non‑Cash ImpairmentsA $162M ceiling-test impairment and $77M unrealized derivative loss materially reduced reported equity and drove a large accounting net loss. Such charges weaken the balance sheet and can constrain covenant headroom or borrowing capacity despite being non‑cash, raising medium-term financing risk.
Negative Realized Gas PricingNegative realized gas prices driven by processing and transport fees erode blended per‑BOE economics when gas volumes are material. Persistent negative spreads can offset oil strength, limit incremental cash from associated gas, and necessitate structural fixes to midstream/marketing arrangements.
Elevated Leverage; Paused DeleveragingManagement paused near-term debt reduction to accelerate infrastructure, raising borrowings and push leverage to ~2.4x versus a ~1.25x target. Elevated leverage reduces financial flexibility, increases refinancing and interest risk, and heightens sensitivity to price or cash‑flow downturns.
Ring Energy News
REI FAQ
What was Ring Energy Inc’s price range in the past 12 months?
Ring Energy Inc lowest stock price was $0.71 and its highest was $2.00 in the past 12 months.
What is Ring Energy Inc’s market cap?
Ring Energy Inc’s market cap is $327.47M.
When is Ring Energy Inc’s upcoming earnings report date?
Ring Energy Inc’s upcoming earnings report date is Aug 11, 2026 which is in 69 days.
How were Ring Energy Inc’s earnings last quarter?
Ring Energy Inc released its earnings results on May 06, 2026. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02.
Is Ring Energy Inc overvalued?
According to Wall Street analysts Ring Energy Inc’s price is currently Undervalued.
Does Ring Energy Inc pay dividends?
Ring Energy Inc does not currently pay dividends.
What is Ring Energy Inc’s EPS estimate?
Ring Energy Inc’s EPS estimate is 0.06.
How many shares outstanding does Ring Energy Inc have?
Ring Energy Inc has 253,853,620 shares outstanding.
What happened to Ring Energy Inc’s price movement after its last earnings report?
Ring Energy Inc reported an EPS of $0.04 in its last earnings report, beating expectations of $0.02. Following the earnings report the stock price went down -8.333%.
Which hedge fund is a major shareholder of Ring Energy Inc?
Currently, no hedge funds are holding shares in REI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Ring Energy Stock Smart Score
Outperform
1
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5
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$2.50 (100.00% Upside)
$2.50 (100.00% Upside)
Blogger Sentiment
Bullish
REI Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 497.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 8.0%
Last 30 Days ▲ 8.0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
79.10%
12-Months-Change
Fundamentals
Return on Equity
-33.01%
Trailing 12-Months
Asset Growth
-16.66%
Trailing 12-Months
Company Description
Ring Energy Inc
Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. 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.
REI Company Deck
REI Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a generally constructive operational and strategic picture: the company delivered recurring structural cost improvements, drilling efficiency gains, production in line with guidance, meaningful infrastructure investments to enable higher-return horizontal development, strong realized oil pricing, adjusted profitability, sustained free cash flow for 26 consecutive quarters, and ample liquidity. Offsetting these positives were large non-cash accounting charges (a ceiling test impairment and an unrealized derivative loss) that depressed reported net income, negative realized gas pricing, a temporary pause in debt reduction that increased borrowings and leverage to ~2.4x, and modest near-term production timing effects. Management positioned the infrastructure acceleration as a deliberate, shareholder-focused tradeoff to capture expected higher prices and improved long-term capital efficiency. On balance, operational momentum and cash-generation fundamentals outweigh the near-term accounting and timing headwinds.View all REI earnings summariesREI Stock 12 Month Forecast
Average Price Target
$2.50
▲(100.00% Upside)
Technical Analysis
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Ownership Overview
19.88% Insiders
8.64% Mutual Funds
5.62% Other Institutional Investors
60.43% Public Companies and
Individual Investors