Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 350.92M | 366.33M | 361.06M | 347.25M | 196.31M | 113.03M |
Gross Profit | 221.97M | -140.01M | 176.94M | 220.19M | 112.57M | 26.62M |
EBITDA | 233.49M | 229.93M | 238.95M | 226.94M | 55.82M | -197.88M |
Net Income | 71.07M | 67.47M | 104.86M | 138.64M | 3.32M | -253.41M |
Balance Sheet | ||||||
Total Assets | 1.51B | 1.50B | 1.38B | 1.27B | 684.16M | 663.46M |
Cash, Cash Equivalents and Short-Term Investments | 1.10M | 1.87M | 296.38K | 3.71M | 2.41M | 3.58M |
Total Debt | 463.45M | 389.10M | 430.02M | 419.13M | 292.68M | 314.92M |
Total Liabilities | 629.64M | 549.46M | 589.91M | 607.90M | 383.53M | 368.69M |
Stockholders Equity | 875.97M | 858.64M | 786.58M | 661.10M | 300.62M | 294.77M |
Cash Flow | ||||||
Free Cash Flow | 60.62M | 38.08M | 42.96M | 65.76M | 19.49M | 28.33M |
Operating Cash Flow | 177.61M | 194.42M | 198.17M | 196.98M | 72.73M | 72.16M |
Investing Cash Flow | -213.96M | -150.85M | -222.57M | -308.88M | -51.24M | -43.83M |
Financing Cash Flow | 36.08M | -42.00M | 20.99M | 113.21M | -22.66M | -34.75M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
72 Outperform | $432.86M | 31.12 | 12.80% | ― | 11.97% | 188.31% | |
70 Neutral | $258.40M | 9.56 | -5.66% | 3.60% | -31.28% | -1265.13% | |
69 Neutral | $161.17M | 2.21 | 8.52% | ― | -4.51% | -10.09% | |
58 Neutral | $251.60M | ― | -32.34% | ― | 7.31% | -326.94% | |
54 Neutral | $253.96M | ― | 203.83% | 2.16% | -5.05% | -383.38% | |
52 Neutral | C$2.92B | -1.03 | -3.46% | 6.02% | 3.01% | -47.13% | |
39 Underperform | $246.67M | ― | -10.70% | ― | ― | 57.82% |
On June 18, 2025, Ring Energy, Inc. announced the entry into a Third Amended and Restated Credit Agreement, which reduces the borrowing base to $585 million and extends the maturity date to June 2029. The agreement also names Bank of America as the new administrative agent, reflecting a strategic move to strengthen the company’s financial position amidst volatile oil and gas prices. The company aims to generate free cash flow through cost reductions and strategic asset management, maintaining a stable borrowing base and creating value for stakeholders.
The most recent analyst rating on (REI) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Ring Energy stock, see the REI Stock Forecast page.
On May 22, 2025, Ring Energy held a stockholder meeting where several key proposals were voted on. The stockholders elected seven directors, approved executive compensation on an advisory basis, approved an amendment to the 2021 Omnibus Incentive Plan to increase available shares by 11.5 million, and ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for fiscal year 2025.
The most recent analyst rating on (REI) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Ring Energy stock, see the REI Stock Forecast page.
On May 7, 2025, Ring Energy announced its first quarter 2025 results, reporting a net income of $9.1 million and exceeding oil sales volume guidance. The company completed a significant acquisition of Central Basin Platform assets, which have outperformed initial forecasts, and updated its 2025 guidance to reflect a 47% reduction in capital spending for the remainder of the year. Despite a decrease in revenues compared to previous quarters, Ring Energy maintained positive cash flow and liquidity, showcasing its resilience amid fluctuating oil prices.
On April 24, 2025, Ring Energy updated its guidance for the second quarter of 2025, reaffirming its sales volume outlook while significantly reducing its capital spending guidance by over 50% to $18 million in response to declining oil prices. The company aims to emphasize debt reduction to manage potential risks associated with prolonged low oil prices, maintaining its sales volume guidance with midpoints of 14,200 barrels of oil per day and 21,500 barrels of oil equivalent per day.
On April 18, 2025, Ring Energy announced an operational update revealing that its first quarter oil sales volumes exceeded the company’s guidance, driven by successful drilling operations. The company also completed the acquisition of Central Basin Platform assets from Lime Rock Resources, enhancing cash flow and operational synergies. These developments are expected to strengthen Ring Energy’s market position and operational success in the coming months.
On April 8, 2025, Regina Roesener announced her retirement from the Ring Energy board, effective April 14, 2025, with no disputes influencing her decision. Subsequently, on April 9, 2025, the board appointed Carla Tharp as a director, effective April 14, 2025, who will also serve on the Audit and NESG Committees. Tharp, with extensive experience in the oil and gas sector, is expected to contribute significantly to Ring Energy’s strategic direction and long-term success.