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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 |
~ 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
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
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
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
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
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.
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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SC 13D/A - RING ENERGY, INC. (0001384195) (Subject)
SC 13D/A - RING ENERGY, INC. (0001384195) (Subject)
HOUSTON, Dec. 2, 2020 /PRNewswire/ -- American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy, Inc. (NYSE: REI), announced today that they are very concerned with certain actions of the Board of Directors of Ring Energy. As a result of those concerns, SK Energy and American Resources urge all shareholders to withhold votes on all members of Ring Energy's Board of Directors in the upcoming election. The Ring Energy Board of Directors appears to have made a mistake by offering employment to a CEO whose previous performance in similar roles does not instill confidence in his ability to make Ring Energy successful
~ 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
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
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-K - RING ENERGY, INC. (0001384195) (Filer)
10-Q - RING ENERGY, INC. (0001384195) (Filer)
144 - RING ENERGY, INC. (0001384195) (Subject)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
ROTH Capital downgraded Ring Energy from Buy to Neutral and set a new price target of $7.50 from $4.90 previously
ROTH Capital upgraded Ring Energy from Neutral to Buy and set a new price target of $4.75
Alliance Global Partners resumed coverage of Ring Energy with a rating of Buy