General information

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.
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 6.4% (LTM)
  • Share price is 506.4% higher than minimum and 42.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (9.2x vs
    )

Key Financials (Download financials)

Ticker: REI
Share price, USD:  (-7.8%)2.85
year average price 3.26  


year start price 3.24 2021-07-01

min close price 1.84 2021-08-19

max close price 4.96 2022-05-04

current price 2.85 2022-06-30
Common stocks: 99 351 104

Dividend Yield:  0.0%
FCF Yield LTM: 6.4%
EV / LTM EBITDA: 9.2x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 283
Net Debt ($m): 280
EV (Enterprise Value): 563
EBITDA LTM ($m): 61
EV / LTM EBITDA: 9.2x
Price to Book: 0.98x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

News


2022-06-13Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Ring Energy (REI) is a Great Choice

2022-05-12Seeking Alpha

Ring Energy: Added Price Exposure

2022-05-11Seeking Alpha

Ring Energy, Inc.'s (REI) CEO Paul McKinney on Q1 2022 Results - Earnings Call Transcript

2022-05-10Zacks Investment Research

Ring Energy (REI) Q1 Earnings and Revenues Surpass Estimates

2022-05-09Zacks Investment Research

Ring Energy (REI) to Report Q1 Earnings: What's in Store?

2022-04-26GlobeNewsWire

Ring Energy Provides Operational Update with First Quarter Sales Above the High End of Guidance and Announces Timing of First Quarter Earnings Release and Conference Call

2022-04-20PennyStocks

Trending Penny Stocks For Your May 2022 Watchlist

2022-04-20PennyStocks

The Best Stocks To Invest In Right Now? 3 Penny Stocks To Watch

2022-04-04Seeking Alpha

Ring Energy: Pay Raise Time

2022-04-01Zacks Investment Research

Ring Energy (REI) Upgraded to Strong Buy: Here's What You Should Know
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