|Bid||1.0000 x 3200|
|Ask||0.0000 x 900|
|Day's Range||1.6400 - 1.7400|
|52 Week Range||1.6000 - 12.3100|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||7.32|
|Earnings Date||Aug 7, 2017 - Aug 11, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.78|
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) today released a mid-quarter operations update for the third quarter of 2019. In the first 47 days ended August 16, 2019, the Company drilled six new 1-mile horizontal San Andres wells on its Northwest Shelf property (“NWS”). Also in the first 47 days, the Company performed six rod conversions and seven workovers.
Ring Energy (REI) delivered earnings and revenue surprises of 30.77% and 3.38%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Ring Energy, Inc. announced today financial results for the three months and six months ended June 30, 2019. For the three month period ended June 30, 2019, the Company reported oil and gas revenues of $51,334,225, compared to revenues of $29,924,883 for the quarter ended June 30, 2018.
While significant output growth is expected to buoy Ring Energy's (REI) second-quarter 2019 earnings, weaker y/y commodity prices may dent overall results.
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) has scheduled a conference call on Thursday, August 8, 2019 at 12:00 p.m. ET to discuss the 2019 second quarter financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Wednesday, August 7, 2019. International callers may also participate by dialing 201-689-8354.
The big shareholder groups in Ring Energy, Inc. (NYSEMKT:REI) have power over the company. Institutions will often...
Ring Energy, Inc. (NYSE American: REI) (“Ring”)(“Company”) announced today an amended capital expenditure budget (“CAPEX”) for 2019 of approximately $152 million. The decrease is the result of a reduction in new horizontal wells to be drilled in 2019 from 50 to 32 and the reallocation of those funds to the upgrading / reworking of a large number of existing wells and necessary improvements to current infrastructure which will improve operational efficiencies. The Company drilled 20 new horizontal wells and four new saltwater disposal wells in the first six months of 2019.
Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) today released its operations update for the second quarter of 2019. In the three months ended June 30, 2019, the Company drilled thirteen new horizontal San Andres wells. On its Central Basin Platform (“CBP”) asset, Ring drilled seven new horizontal San Andres wells, five 1-mile horizontal wells and two 1½-mile horizontal wells.
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