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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 6.9% lower compared to the last 12 months (LTM)
  • Prices of production are at 27.6% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -12.8% (LTM), projected -23.0%
  • Share price is 2.0% higher than minimum and 74.3% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.6x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • For the last 3 months insiders sold company shares on $14.3 mln (-4.445% of cap.)

Key Financials (Download financials)

Ticker: REI
Share price, USD:  (-0.4%)1.275
year average price 1.6558  


year start price 1.4900 2023-12-28

min close price 1.2500 2024-02-05

max close price 2.1200 2024-04-11

current price 1.2750 2024-12-26
Common stocks: 177 984 323

Dividend Yield:  0.0%
FCF Yield LTM / expected: -12.8% / -23.0%
EV / LTM EBITDA: 2.6x
EV / EBITDA annualized: 2.5x
Production prices change from LTM: -6.9%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 227
Net Debt ($m): 429
EV (Enterprise Value): 656
EBITDA LTM ($m): 255
EV / LTM EBITDA: 2.6x
Price to Book: 0.3x
Potential alt: 122.0%

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($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 75% percentile

Potential dynamics

News


2024-11-27seekingalpha.com

RioCan: A Retail Real Estate King With A Safe, Well-Covered Dividend

2024-11-08seekingalpha.com

Ring Energy: Founders Acquisition Has Paid Off

2024-11-07seekingalpha.com

Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript

2024-11-06zacks.com

Ring Energy (REI) Tops Q3 Earnings and Revenue Estimates

2024-11-06globenewswire.com

Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook

2024-10-28globenewswire.com

Ring Energy Announces Timing of Third Quarter 2024 Earnings Release and Conference Call

2024-10-15globenewswire.com

Ring Energy to Participate in Water Tower Research Fireside Chat on October 16

2024-10-12seekingalpha.com

Ring Energy: Deeply Undervalued With A Steady Growth Outlook

2024-09-23seekingalpha.com

Ring Energy: Business Confusion Tackled

2024-09-17seekingalpha.com

RioCan: A High Yield Retail REIT With A Captive Residential Development Business At A Discount
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