General information
Country: UNITED STATES
Sector:
Oil and Gas E and P
Ring Energy, Inc., an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas and New Mexico. As of December 31, 2019, the company`s proved reserves consisted of approximately 81.1 million barrel of oil equivalent. It also had interests in 18,372 net developed acres and 47,427 net undeveloped acres in Andrews and Gaines counties, Texas; 19,138 net developed acres and 860 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 28,514 net undeveloped acres in Gaines, Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. It 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 founded in 2004 and is headquartered in Midland, Texas.
- Current market environment: negative. Prices of production are 12.7% lower compared to the last 12 months (LTM)
- Prices of production are at 1.2% percentile over the past 5 years, adjusted for inflation (are close to minimun)
- Dividend yield for the last twelve months 0.0%
- Free cash flow yield -18.6% (LTM), projected -40.2%
- Share price is 24.3% higher than minimum and 63.9% lower than maximum for the last 3 years
- The company is overvalued by EV / LTM EBITDA multiple compared to target level (5.2x vs )
- The company is overvalued by EV / projected EBITDA multiple compared to target level ( vs )
