|Bid||2.9400 x 800|
|Ask||2.9500 x 2900|
|Day's Range||2.8512 - 3.1000|
|52 Week Range||0.6100 - 4.1600|
|Beta (5Y Monthly)||2.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.80|
The energy driller posted earnings that were a bit of a mixed bag, and oil and gas prices were weak, too.
Ring Energy (REI) delivered earnings and revenue surprises of -22.22% and 31.65%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Continued to Generate Free Cash Flow, Reduce Debt and Increase Liquidity PositionTHE WOODLANDS, Texas, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the third quarter 2021. Highlights and Recent Key Items Sold 8,243 barrels of oil equivalent per day (“Boe/d”), or 758,387 barrels of oil equivalent (“Boe”) (87% oil), in the third quarter of 2021;Reported net income of $14.2 million, or $0.12 p