Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2020, the company's proved reserves consisted of approximately 76.5 million barrel of oil equivalent. It also had interests in 18,712 net developed acres and 6,650 net undeveloped acres in Andrews and Gaines counties, Texas; 18,256 net developed acres and 212 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 24,830 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in Midland, Texas.
IPO Year:
Exchange: AMEX
Website: ringenergy.com
| 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 |
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for first quarter 2025 and provided updated guidance for the second half of the year. First Quarter 2025 Highlights Sold 12,074 barrels of oil per day ("Bo/d") (> high end of guidance) and 18,392 barrels of oil equivalent per day ("Boe/d") (> mid point of guidance);Reported net income of $9.1 million, or $0.05 per diluted share, and Adjusted Net Income1 of $10.7 million, or $0.05 per diluted share;Recorded Adjusted EBITDA1 of $46.4 million and Lease Operating Expense ("LOE") of $11.89 per Boe (< mid point of guidance);I
~ Announces Timing of First Quarter Earnings Conference Call ~ THE WOODLANDS, Texas, April 18, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company's guidance range and total sales volumes above the midpoint of guidance. The Company also announced the timing of Ring's quarterly results conference call. KEY HIGHLIGHTS Produced over 12,000 barrels of oil per day ("Bo/d"), exceeding high end of guidance;Produced over 18,300 barrels of oil equivalent per day ("Boe/d"), exceeding the midpoint of guidance;Oil production outperformance was driven by
~ Announces Timing of First Quarter Earnings Conference Call ~ THE WOODLANDS, Texas, April 17, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company's guidance range and total sales volumes above the midpoint of guidance. The Company also announced the timing of Ring's quarterly results conference call. KEY HIGHLIGHTS Produced over 12,000 barrels of oil per day ("Bo/d"), exceeding high end of guidance;Produced over 18,300 barrels of oil equivalent per day ("Boe/d"), exceeding the midpoint of guidance;Oil production outperformance wa
THE WOODLANDS, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for the fourth quarter and full year 2024, year-end 2024 proved reserves and provided 2025 operational and financial guidance. Fourth Quarter 2024 Highlights Recorded net income of $5.7 million, or $0.03 per diluted share;Reported Adjusted Net Income1 of $12.3 million, or $0.06 per diluted share;Sold 19,658 barrels of oil equivalent per day ("Boe/d"), exceeding midpoint of guidance and 12,916 barrels of oil per day ("Bo/d");Held all-in cash operating
~ Capturing Synergies and Expanding Central Basin Platform Operations ~ ~ Announces Timing of Q4 and FY 2024 Earnings Release and Conference Call ~ THE WOODLANDS, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced it has entered into an agreement to acquire the Central Basin Platform ("CBP") assets of Lime Rock Resources IV, LP ("Lime Rock") for $100 million, subject to customary closing adjustments. The purchase price is comprised of $80 million of upfront cash consideration, a $10 million deferred cash payment due nine months after closing, and up to 7.4 million shares of Ring common stock. The transactio
~ 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
THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced the timing of its second quarter 2024 earnings release and conference call. Ring plans to issue its second quarter 2024 earnings release after the close of trading on Tuesday, August 6, 2024. The Company has scheduled a conference call on Wednesday, August 7, 2024 at 11:00 a.m. central to discuss its second 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 Second Quarter 2024 Earnings Conference Call". International callers
~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ THE WOODLANDS, Texas, May 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for the first quarter of 2024. Also, the Company provided an outlook for the second quarter of 2024 and reiterated its operational and financial guidance for the full year of 2024. First Quarter 2024 Highlights Sales of 13,394 barrels of oil per day ("Bo/d"), exceeding high end of the Company's guidance by 5%; Total sales volumes of 19,034 barrels of oil equivalent per day ("Boe/d") (70% oil), exceedi
4 - RING ENERGY, INC. (0001384195) (Issuer)
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4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
4 - RING ENERGY, INC. (0001384195) (Issuer)
THE WOODLANDS, Texas, April 11, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an update concerning its Board of Directors (the "Board"), including the retirement of Ms. Regina Roesener effective April 14, 2025 and the appointment of Ms. Carla Tharp to the Board effective April 14, 2025 who will serve as an independent Director. Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, "It has been a pleasure to work closely with Regina as a fellow Director. She joined our Board in 2019 and her financial markets and board governance experience was greatly valued. On behalf of the entire Board, I want to thank Regi
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
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
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THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for first quarter 2025 and provided updated guidance for the second half of the year. First Quarter 2025 Highlights Sold 12,074 barrels of oil per day ("Bo/d") (> high end of guidance) and 18,392 barrels of oil equivalent per day ("Boe/d") (> mid point of guidance);Reported net income of $9.1 million, or $0.05 per diluted share, and Adjusted Net Income1 of $10.7 million, or $0.05 per diluted share;Recorded Adjusted EBITDA1 of $46.4 million and Lease Operating Expense ("LOE") of $11.89 per Boe (< mid point of guidance);I
Join us as we celebrate three decades of bringing together the energy industry's companies, investors, analysts, and industry leaders! Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com A robust list of companies has confirmed their participation, and more are being added daily Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness through EnerCom's multi-digital approach before, during, and after each event DENVER, April 29, 2025 /PRNewswire/ -- EnerCom, Inc. today opened registration for its 30th annual EnerCo
THE WOODLANDS, Texas, April 24, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided updated guidance for the second quarter of 2025, which included reaffirming its previous outlook for oil and total sales volumes despite a significant reduction in the Company's capital spending guidance, which was lowered in response to the recent decline in oil prices. KEY Q2 UPDATED GUIDANCE HIGHLIGHTS Reduced capital spending guidance range with a midpoint decrease of over 50% to $18 million;Reaffirmed guidance range for both oil and total sales volumes with midpoints of 14,200 barrels of oil per day ("Bo/d") and 21,500 barrels of oil equivalent p
~ Announces Timing of First Quarter Earnings Conference Call ~ THE WOODLANDS, Texas, April 18, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company's guidance range and total sales volumes above the midpoint of guidance. The Company also announced the timing of Ring's quarterly results conference call. KEY HIGHLIGHTS Produced over 12,000 barrels of oil per day ("Bo/d"), exceeding high end of guidance;Produced over 18,300 barrels of oil equivalent per day ("Boe/d"), exceeding the midpoint of guidance;Oil production outperformance was driven by
~ Announces Timing of First Quarter Earnings Conference Call ~ THE WOODLANDS, Texas, April 17, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company's guidance range and total sales volumes above the midpoint of guidance. The Company also announced the timing of Ring's quarterly results conference call. KEY HIGHLIGHTS Produced over 12,000 barrels of oil per day ("Bo/d"), exceeding high end of guidance;Produced over 18,300 barrels of oil equivalent per day ("Boe/d"), exceeding the midpoint of guidance;Oil production outperformance wa
THE WOODLANDS, Texas, April 11, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today provided an update concerning its Board of Directors (the "Board"), including the retirement of Ms. Regina Roesener effective April 14, 2025 and the appointment of Ms. Carla Tharp to the Board effective April 14, 2025 who will serve as an independent Director. Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, "It has been a pleasure to work closely with Regina as a fellow Director. She joined our Board in 2019 and her financial markets and board governance experience was greatly valued. On behalf of the entire Board, I want to thank Regi
THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") announced that it has completed its previously-announced acquisition (the "Transaction") of the Central Basin Platform ("CBP") assets of Lime Rock Resources IV, LP ("Lime Rock") on March 31, 2025. Lime Rock's CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Ring's existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays. KEY HIGHLIGHTS HIGHLY ACCRETIVE: 2,300 barrels of oil equivalent per day ("Boe
THE WOODLANDS, Texas, March 27, 2025 (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 Tuesday, April 1, 2025 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 the recently announced $100-million acquisition of producing assets on the Central Basin Platform of the Permian Basin and the impact the transaction has on Ring's outlook for 2025 a
THE WOODLANDS, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today reported operational and financial results for the fourth quarter and full year 2024, year-end 2024 proved reserves and provided 2025 operational and financial guidance. Fourth Quarter 2024 Highlights Recorded net income of $5.7 million, or $0.03 per diluted share;Reported Adjusted Net Income1 of $12.3 million, or $0.06 per diluted share;Sold 19,658 barrels of oil equivalent per day ("Boe/d"), exceeding midpoint of guidance and 12,916 barrels of oil per day ("Bo/d");Held all-in cash operating
EnerCom Denver – The Energy Investment Conference will celebrate 30 years of bringing together the broader energy sector, including companies, investors, analysts, and industry leaders! Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER, March 4, 2025 /PRNewswire/ -- EnerCom, Inc. ("EnerCom") is pleased to announce a robust list of companies have already confirmed their attendance for the 30th annual EnerCom Denver – The Energy Investment Conference to be held August 17-20, 2025, at the Westin Downtown Denver. EnerCom Denver