|Bid||0.00 x 1100|
|Ask||0.00 x 1200|
|Day's Range||6.00 - 6.16|
|52 Week Range||4.01 - 17.35|
|Beta (3Y Monthly)||2.34|
|PE Ratio (TTM)||30.71|
|Earnings Date||Aug 7, 2017 - Aug 11, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.67|
Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced today that it has closed its transaction with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P. (CG) (“Carlyle”), for assets located in Andrews County, Texas. Ring issued 2,623,948 million shares of its common stock valued at $5.80 per share. The transaction has an effective date of November 1, 2018.
NEW YORK/HOUSTON, Dec 21 (Reuters) - U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier. The reversal is alarming because blistering growth in shale fields has propelled U.S. crude output 16 percent to about 10.9 million barrels per day for 2018, above Saudi Arabia and Russia. Shale producer Centennial Resource Development on Thursday joined rivals Diamondback Energy, and Parsley Energy in canceling drilling rig additions next year.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To keep it practical, we'll show how Ring Energy, Inc.'s (NYSEMKT:REI) Read More...
Ring Energy, Inc. (NYSE American: REI) (“Company”) (“Ring”) announced today that it has entered into a Purchase and Sale Agreement with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P. (CG) (“Carlyle”), to acquire assets located in Andrews County, Texas for 2,623,948 shares of common stock of the Company valued at $5.80 per share. Ring will be the operator, have a 100% working interest and 75% net revenue interest. The acreage is in, around and contiguous to the Company’s core assets on the Central Basin Platform (“CBP”) and offsets the majority of the Company’s top producing wells.
Ring Energy, Inc. (NYSE American: REI)(“Ring”) (“Company”) provided an update today on its current operations for the fourth quarter of 2018. In addition, management announced their intent to become cash flow neutral / cash flow positive in a much shorter time span, while still providing double digit annualized production growth by initiating a one-rig drilling and development program for 2019.
In the past five years, the average commodity mutual fund has lost 8% a year, while the S&P 500 has gained 10%. Fund manager Robert Hyman says the outlook will soon improve.
Ring Energy (REI) delivered earnings and revenue surprises of 27.27% and 6.02%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Midland, Texas-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share. The results beat Wall Street expectations. The average ...
Ring Energy Inc (NYSEMKT:REI), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is REI Read More...
Ring Energy, Inc. announced today financial results for the three months and nine months ended September 30, 2018. For the three month period ended September 30, 2018, the Company reported oil and gas revenues of $32,687,179, compared to revenues of $16,643,930 for the quarter ended September 30, 2017.
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Wednesday, November 7, 2018 at 11:30 a.m. ET to discuss the 2018 third quarter and nine month financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Tuesday, November 6, 2018. International callers may also participate by dialing 201-689-8354.
Chesapeake Energy (CHK) saw a new coverage initiation at Morgan Stanley last week. Morgan Stanley started with a “neutral” rating on Chesapeake Energy, which is equivalent to “hold,” and assigned a target price of $5. Suntrust Robinson downgraded Chesapeake Energy to “hold” from “buy.” Overall, the company has seen six rating updates in the past six months including three downgrades, one upgrade, and two new coverage initiations.
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Wednesday, October 3, 2018 at 12:00 p.m. ET to discuss current activity. International callers may also participate by dialing 201-689-8354. A telephone replay will also be available for one week beginning two hours after the completion of the live call, and can be accessed by dialing 877-660-6853, or 201-612-7415 for international callers, and entering the conference ID 13683798 when prompted.
Ring Energy (REI) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Talos Energy (TALO), an exploration and production company involved in offshore drilling, was the weakest upstream stock in the week ending September 21. Talos Energy fell 9.3% last week. The company’s recent weakness could be due to its high spending plans despite its weak financial position.
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between company’s fundamentals and stock marketRead More...
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today an approximate $47 million increase in its capital expenditure budget (“CAPEX”) for 2018, making an estimated total of $197 million. On February 20, 2018, the Company announced a preliminary CAPEX for 2018 of $150 million. Included in that initial budget were the drilling of approximately 60 new horizontal wells on its Central Basin Platform (“CBP”), continued improvements and upgrading of the existing infrastructure, the drilling of additional salt water disposal wells, the upgrading and extension of the Company’s electrical system in Andrews County and the completion of a gas pipeline.
So far in this series, we’ve looked at the top four upstream companies based on analysts’ ratings. Those companies are Viper Energy Partners (VNOM), Earthstone Energy (ESTE), Ring Energy (REI), and WPX Energy (WPX). In this part of the series, we’ll look at Diamondback Energy (FANG), which is in fifth place in terms of analyst ratings.
All the analysts covering Earthstone Energy (ESTE) stock rate it a “buy.” We’ve put Viper Energy Partners (VNOM) in first place and ranked ESTE second, considering the number of analysts covering both stocks.
Which Upstream Companies Do Wall Street Analysts Like the Most? Ring Energy (REI), a pure play Permian-focused E&P (exploration and production) company, is in third place among upstream companies in terms of analysts’ ratings. REI is currently trading below the low range ($14) of analysts’ target price.