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About the company
Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).
- Revenue in USD (TTM)367.48m
- Net income in USD77.66m
- Incorporated2004
- Employees108.00
- LocationRing Energy Inc1725 Hughes Landing Blvd., Suite 900THE WOODLANDS 77380United StatesUSA
- Phone+1 (281) 397-3699
- Websitehttps://ringenergy.com/
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Mergers & acquisitions
| Acquired company | REI:ASQ since announced | Transaction value |
|---|---|---|
| Founders Oil & Gas IV LLC-Central Basin Platform | -4.35% | 65.00m |
Data delayed at least 15 minutes, as of May 17 2024.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Evolution Petroleum Corp | 82.82m | 2.96m | 181.47m | 11.00 | 60.63 | 2.17 | 5.90 | 2.19 | 0.0897 | 0.0897 | 2.52 | 2.50 | 0.5445 | -- | 7.13 | 7,529,455.00 | 1.98 | 13.89 | 2.24 | 15.43 | 41.22 | 55.52 | 3.64 | 21.20 | -- | 3.99 | 0.3374 | 77.36 | 17.98 | 25.81 | 7.93 | 21.04 | 13.58 | 6.52 |
| Primeenergy Resources Corp | 123.96m | 28.10m | 185.65m | 115.00 | 9.64 | 1.17 | 3.14 | 1.50 | 10.76 | 10.76 | 47.37 | 88.43 | 0.4628 | -- | 7.95 | 1,077,878.00 | 10.49 | 6.91 | 13.07 | 7.91 | 59.06 | 56.87 | 22.67 | 16.15 | -- | 48.42 | 0.00 | -- | -10.06 | 0.9051 | -42.25 | 14.10 | 19.30 | -- |
| Empire Petroleum Corp | 40.08m | -12.47m | 194.74m | 50.00 | -- | 4.68 | -- | 4.86 | -0.5443 | -0.5443 | 1.76 | 1.37 | 0.4883 | 19.35 | 4.97 | 801,526.00 | -15.19 | -24.84 | -20.53 | -33.84 | 20.98 | 36.76 | -31.11 | -35.54 | 0.6911 | -11.12 | 0.1402 | -- | -24.22 | 143.78 | -276.02 | -- | 79.32 | -- |
| Amplify Energy Corp | 304.03m | 28.99m | 242.43m | 214.00 | 8.45 | 0.6363 | 3.97 | 0.7974 | 0.7244 | 0.7244 | 7.77 | 9.62 | 0.4248 | -- | 5.93 | 1,420,678.00 | 4.27 | -2.83 | 4.93 | -3.42 | 52.34 | 59.90 | 10.06 | -5.08 | -- | 6.47 | 0.2319 | -- | -32.91 | 8.07 | 580.27 | 50.62 | -22.52 | -- |
| W&T Offshore, Inc. | 541.72m | -21.88m | 339.24m | 395.00 | -- | 16.34 | 2.54 | 0.6262 | -0.1497 | -0.1497 | 3.66 | 0.1414 | 0.4844 | -- | 7.33 | 1,371,441.00 | -1.96 | 5.71 | -2.35 | 8.08 | 51.39 | 65.30 | -4.04 | 10.96 | -- | 0.974 | 0.9496 | 0.4649 | -42.17 | -1.71 | -93.25 | -42.55 | -7.99 | -- |
| Ring Energy Inc | 367.48m | 77.66m | 348.37m | 108.00 | 4.45 | 0.4393 | 2.06 | 0.948 | 0.3958 | 0.3958 | 1.86 | 4.01 | 0.2757 | 3.52 | 8.96 | 3,402,558.00 | 5.83 | 0.5022 | 6.37 | 0.55 | 92.92 | 86.88 | 21.13 | 1.89 | 0.445 | 2.10 | 0.3483 | -- | 3.98 | 24.63 | -24.36 | 63.41 | -5.28 | -- |
| Unit Corp | 354.99m | 250.84m | 354.33m | 653.00 | 1.42 | 0.8535 | 1.33 | 0.9981 | 25.63 | 25.63 | 36.26 | 42.54 | 0.7555 | -- | 6.32 | 543,629.40 | 53.38 | -17.22 | 62.79 | -22.16 | 49.53 | 43.10 | 70.66 | -42.00 | -- | -- | 0.00 | -- | -14.59 | -5.91 | 144.64 | 32.35 | -34.68 | -- |
| Tellurian Inc | 140.67m | -182.70m | 435.84m | 168.00 | -- | 0.6476 | -- | 3.10 | -0.3074 | -0.3074 | 0.227 | 0.8049 | 0.111 | -- | 4.94 | 837,291.70 | -14.42 | -19.31 | -16.05 | -24.44 | 47.02 | 54.41 | -129.88 | -99.66 | -- | -7.89 | 0.4179 | -- | -57.61 | 74.44 | -233.62 | -- | 93.01 | -- |
| SandRidge Energy Inc | 135.78m | 48.22m | 498.22m | 102.00 | 10.33 | 1.19 | 7.01 | 3.67 | 1.30 | 1.30 | 3.66 | 11.31 | 0.235 | -- | 5.55 | 1,331,147.00 | 8.35 | -11.71 | 9.28 | -13.68 | 63.12 | 66.53 | 35.52 | -32.18 | -- | -- | 0.00 | -- | -41.54 | -15.71 | -74.87 | -- | -29.22 | -- |
Data as of May 17 2024. Currency figures normalised to Ring Energy Inc's reporting currency: US Dollar USD
14.40%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 6.40m | 3.23% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 5.01m | 2.53% |
| Columbia Management Investment Advisers LLCas of 31 Dec 2023 | 3.70m | 1.87% |
| AQR Capital Management LLCas of 31 Dec 2023 | 3.03m | 1.53% |
| Aristotle Capital Boston LLCas of 31 Dec 2023 | 2.39m | 1.21% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 2.10m | 1.06% |
| Geode Capital Management LLCas of 31 Dec 2023 | 1.80m | 0.91% |
| Brandywine Global Investment Management LLCas of 31 Dec 2023 | 1.40m | 0.71% |
| Bridgeway Capital Management LLCas of 31 Dec 2023 | 1.34m | 0.68% |
| American Century Investment Management, Inc.as of 31 Dec 2023 | 1.33m | 0.67% |
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
