Ring Energy Q1 2024 GAAP EPS $0.10, Inline, Sales $94.503M Beat $91.158M Estimate

5/6/24 5:56:59 PM ET

Oil & Gas Production

Energy

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Ring Energy (AMEX:REI) reported quarterly earnings of $0.10 per share which met the analyst consensus estimate. This is a 23.08 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $94.503 million which beat the analyst consensus estimate of $91.158 million by 3.67 percent. This is a 7.29 percent increase over sales of $88.083 million the same period last year.

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Recent Analyst Ratings for
$REI

Date	Price Target	Rating	Analyst
8/1/2022	$4.90 → $7.50	Buy → Neutral	ROTH Capital
10/14/2021	$4.75	Neutral → Buy	ROTH Capital

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$REI
Financials

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Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook
~ Q3 2024 Highlighted by Record Sales, Strategic Divestiture and Meaningful Debt Reduction ~ THE WOODLANDS, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for third quarter 2024 and provided an outlook for the fourth quarter and updated guidance for the full year. Third Quarter 2024 Highlights Produced record sales of 20,108 barrels of oil equivalent per day ("Boe/d") (66% oil) exceeding the high end of guidance;Oil sales were 13,204 Bo/d which were within guidance;Reported net income of $33.9 million, or $0.17 per diluted share, and Adjusted Net Income1 of $13.4 million, or $0.07 per dilut
11/6/24 4:41:50 PM ET
$REI
Oil & Gas Production
Energy
Ring Energy Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
THE WOODLANDS, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. Ring plans to issue its third quarter 2024 earnings release after the close of trading on Wednesday, November 6, 2024. The Company has scheduled a conference call on Thursday, November 7, 2024 at 11:00 a.m. central to discuss its third quarter 2024 operational and financial results. To participate, interested parties should dial 833-953-2433 at least five minutes before the call is to begin. Please reference the "Ring Energy Third Quarter 2024 Earnings Conference Call". International caller
10/28/24 4:45:00 PM ET
$REI
Oil & Gas Production
Energy
Ring Energy Announces Second Quarter 2024 Results, Provides Guidance for Third Quarter and Updates Full Year 2024 Outlook
THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for second quarter 2024 and provided an improved outlook for the third quarter and full year. Second Quarter 2024 Highlights Produced sales of 13,623 barrels of oil per day ("Bo/d"), representing a 2% increase over the first quarter of 2024;Sold record total volumes of 19,786 barrels of oil equivalent per day ("Boe/d") (69% oil), which was 4% higher than the first quarter;Reported net income of $22.4 million, or $0.11 per diluted share, and Adjusted Net Income1 of $23.4 million, or $0.12 per diluted share;Recorded Lease Operat
8/6/24 4:45:28 PM ET
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Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook
~ Q3 2024 Highlighted by Record Sales, Strategic Divestiture and Meaningful Debt Reduction ~ THE WOODLANDS, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for third quarter 2024 and provided an outlook for the fourth quarter and updated guidance for the full year. Third Quarter 2024 Highlights Produced record sales of 20,108 barrels of oil equivalent per day ("Boe/d") (66% oil) exceeding the high end of guidance;Oil sales were 13,204 Bo/d which were within guidance;Reported net income of $33.9 million, or $0.17 per diluted share, and Adjusted Net Income1 of $13.4 million, or $0.07 per dilut
11/6/24 4:41:50 PM ET
$REI
Oil & Gas Production
Energy
Ring Energy Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
THE WOODLANDS, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced the timing of its third quarter 2024 earnings release and conference call. Ring plans to issue its third quarter 2024 earnings release after the close of trading on Wednesday, November 6, 2024. The Company has scheduled a conference call on Thursday, November 7, 2024 at 11:00 a.m. central to discuss its third quarter 2024 operational and financial results. To participate, interested parties should dial 833-953-2433 at least five minutes before the call is to begin. Please reference the "Ring Energy Third Quarter 2024 Earnings Conference Call". International caller
10/28/24 4:45:00 PM ET
$REI
Oil & Gas Production
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Ring Energy to Participate in Water Tower Research Fireside Chat on October 16
THE WOODLANDS, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced its participation in a fireside chat with Water Tower Research ("WTR") on Wednesday, October 16, 2024 at 10:00 AM Central Time. As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Paul McKinney, Ring's Chairman and Chief Executive Officer. Included in the discussion will be a variety of important topics including capital allocation optionality provided by organic development opportunities, the results to date of the Company's 2024 drilling program, the current state and expected mergers a
10/15/24 4:35:00 PM ET
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Oil & Gas Production
Energy

US Natural Gas Prices Rise To 5-Month Highs On Hot Weather Forecasts: Energy Stocks On The Move Monday
Prompt-month natural gas futures have exceeded $3 per million British thermal units on Monday, marking the highest level since mid-January 2024 and hitting a potential four-day winning streak, spurred by forecasts predicting increased cooling demand due to anticipated warm weather in June. Last week, natural gas prices rose by 12.8%, and are currently eyeing the seventh week of gains out of last eight. “With a blanket of heat stalling over the southern part of the country, market bulls maintained control,” said Jodi Shafto, senior natural gas reporter at Natural Gas Intel. Chart: US Natural Gas Price Have Rallied 95% Since Late April’s Lows NatGasWeather highlighted that much
6/10/24 12:30:49 PM ET
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Ring Energy Reiterates Full Year 2024 Guidance
For full year 2024, Ring continues to expect total capital spending of $135 million to $175 million. The Company forecasts full year 2024 oil sales volumes of 12,600 to 13,300 Bo/d compared with full year 2023 oil sales volumes of 12,548 Bo/d, with the mid-point of guidance reflecting a 3% increase. Ring expects second quarter 2024 sales volumes of 13,000 to 13,400 Bo/d and 18,500 to 19,100 Boe/d (70% oil, 15% natural gas, and 15% NGLs). The Company is targeting total capital expenditures in the second quarter of 2024 of $37 million to $42 million.
5/6/24 6:05:13 PM ET
$REI
Oil & Gas Production
Energy
Ring Energy Q1 2024 GAAP EPS $0.10, Inline, Sales $94.503M Beat $91.158M Estimate
Ring Energy (AMEX:REI) reported quarterly earnings of $0.10 per share which met the analyst consensus estimate. This is a 23.08 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $94.503 million which beat the analyst consensus estimate of $91.158 million by 3.67 percent. This is a 7.29 percent increase over sales of $88.083 million the same period last year.
5/6/24 5:56:59 PM ET
$REI
Oil & Gas Production
Energy

Ring Energy Q1 2024 GAAP EPS $0.10, Inline, Sales $94.503M Beat $91.158M Estimate

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Recent Analyst Ratings for $REI

$REI SEC Filings

Ring Energy Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Ring Energy Inc.

SEC Form 144 filed by Ring Energy Inc.

$REI Large Ownership Changes

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SEC Form SC 13G filed by Ring Energy Inc.

Amendment: SEC Form SC 13D/A filed by Ring Energy Inc.

Amendment: SEC Form SC 13D/A filed by Ring Energy Inc.

$REI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Large owner Warburg Pincus & Co Us, Llc sold $7,128,000 worth of shares (4,400,000 units at $1.62) (SEC Form 4)

Large owner Warburg Pincus (E&P) Xii Llc sold $7,128,000 worth of shares (4,400,000 units at $1.62) (SEC Form 4)

Large owner Warburg Pincus & Co Us, Llc sold $10,168,000 worth of shares (6,200,000 units at $1.64) (SEC Form 4)

$REI Financials

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

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

Ring Energy Announces Second Quarter 2024 Results, Provides Guidance for Third Quarter and Updates Full Year 2024 Outlook

$REI Leadership Updates

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Large Ring Energy, Inc. Shareholders Concerned with Qualifications and Compensation of CEO and Call for all Shareholders to Withhold Votes on all Directors.

$REI Analyst Ratings

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Ring Energy downgraded by ROTH Capital with a new price target

Ring Energy upgraded by ROTH Capital with a new price target

Alliance Global Partners resumed coverage on Ring Energy

$REI Press Releases

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

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

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

$REI Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Crum John A bought $83,700 worth of shares (50,000 units at $1.67), increasing direct ownership by 16% to 355,094 units (SEC Form 4)

Mckinney Paul D. bought $82,000 worth of shares (50,000 units at $1.64), increasing direct ownership by 4% to 1,318,231 units (SEC Form 4)

$REI Market Insights

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US Natural Gas Prices Rise To 5-Month Highs On Hot Weather Forecasts: Energy Stocks On The Move Monday

Ring Energy Reiterates Full Year 2024 Guidance