Ring Energy Stock Today
| REI Stock | USD 1.59 0.05 3.25% |
Performance0 of 100
| Odds Of DistressLess than 36
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Ring Energy is trading at 1.59 as of the 22nd of November 2024. This is a 3.25 percent increase since the beginning of the trading day. The stock's open price was 1.54. Ring Energy has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Ring Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Energy | IPO Date 10th of April 2007 |
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. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas. The company has 198.2 M outstanding shares of which 14.98 M shares are at this time shorted by investors with about 7.82 days to cover. More on Ring Energy
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Ring Stock Highlights
| CEO | Kelly Hoffman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Reibel S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsRing Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ring Energy's financial leverage. It provides some insight into what part of Ring Energy's total assets is financed by creditors.
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Ring Energy (REI) is traded on NYSE MKT Exchange in USA. It is located in 1725 Hughes Landing Boulevard, The Woodlands, TX, United States, 77380 and employs 108 people. Ring Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 305.22 M. Ring Energy runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 198.2 M outstanding shares of which 14.98 M shares are at this time shorted by investors with about 7.82 days to cover.
Ring Energy has about 2.22 M in cash with 198.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
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Ownership AllocationRing Energy owns a total of 198.2 Million outstanding shares. Over half of Ring Energy's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Ring Energy Historical Income Statement
Ring Stock Against Markets
Ring Energy Corporate Executives
Elected by the shareholders, the Ring Energy's board of directors comprises two types of representatives: Ring Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ring. The board's role is to monitor Ring Energy's management team and ensure that shareholders' interests are well served. Ring Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ring Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| William Broaddrick | CFO, VP, Treasurer and Corporate Secretary | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ring Energy. If investors know Ring will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ring Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Earnings Share 0.57 | Revenue Per Share 1.853 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0829 |
The market value of Ring Energy is measured differently than its book value, which is the value of Ring that is recorded on the company's balance sheet. Investors also form their own opinion of Ring Energy's value that differs from its market value or its book value, called intrinsic value, which is Ring Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ring Energy's market value can be influenced by many factors that don't directly affect Ring Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ring Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ring Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ring Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.