Ring Energy, Inc. (REI)

$2.7

+0.04 (+1.50%)
Rating:
Recommendation:
Buy
Symbol REI
Price $2.7
Beta 2.040
Volume Avg. 2.13M
Market Cap 470.910M
Shares () -
52 Week Range 2.02-5.09
1y Target Est -
DCF Unlevered REI DCF ->
DCF Levered REI LDCF ->
ROE 40.23% Strong Buy
ROA 11.85% Buy
Operating Margin -
Debt / Equity 119.98% Buy
P/E 3.80 Buy
P/B 0.57 Buy
Annual
Quarter

Earnings

Consensus EPS

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Mr. Kelly Hoffman
Energy
Oil & Gas E&P
American Stock Exchange

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.