Ring Energy Inc
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- Market Cap.:
- $337.77 million
- Book Value:
- Revenue TTM:
- $330.12 million
- Operating Margin TTM:
- Gross Profit TTM:
- $283.22 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Ring Energy Inc had its IPO on 2007-04-10 under the ticker symbol REI.
The company operates in the Energy sector and Oil & Gas E&P industry. Ring Energy Inc has a staff strength of 98 employees.
Shares of Ring Energy Inc opened at $1.85 at the start of the last trading session i.e. 2023-03-31.
The stocks traded within a range of $1.84 - $1.9, and closed at $1.9.
This is a +3.83% increase from the previous day's closing price.
A total volume of 1,859,204 shares were traded at the close of the day’s session.
In the last one week, shares of Ring Energy Inc have increased by +4.4%.
Ring Energy Inc's Key Ratios
Ring Energy Inc has a market cap of $337.77 million, indicating a price to book ratio of 0.7684 and a price to sales ratio of 1.3717.
In the last 12-months Ring Energy Inc’s revenue was $330.12 million with a gross profit of $283.22 million and an EBITDA of $226.94 million. The EBITDA ratio measures Ring Energy Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Ring Energy Inc’s operating margin was 51.56% while its return on assets stood at 10.89% with a return of equity of 28.83%.
In Q4, Ring Energy Inc’s quarterly earnings growth was a negative -32.1% while revenue growth was a positive 66.3%.
Ring Energy Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.01 per share while it has a forward price to earnings multiple of 1.9562 and a PEG multiple of 1.82. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ring Energy Inc’s profitability.
Ring Energy Inc stock is trading at a EV to sales ratio of 2.689 and a EV to EBITDA ratio of 3.8133. Its price to sales ratio in the trailing 12-months stood at 1.3717.
Ring Energy Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.27 billion
- Total Liabilities
- $141.16 million
- Operating Cash Flow
- Capital Expenditure
- $46.07 million
- Dividend Payout Ratio
Ring Energy Inc ended 2023 with $1.27 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.27 billion while shareholder equity stood at $661.10 million.
Ring Energy Inc ended 2023 with $18.98 million in deferred long-term liabilities, $141.16 million in other current liabilities, 175530.00 in common stock, $-114313253.00 in retained earnings and $0 in goodwill. Its cash balance stood at $3.71 million and cash and short-term investments were $3.71 million. The company’s total short-term debt was $1,607,895 while long-term debt stood at $415.00 million.
Ring Energy Inc’s total current assets stands at $63.17 million while long-term investments were $6.13 million and short-term investments were $0. Its net receivables were $43.43 million compared to accounts payable of $111.40 million and inventory worth $9.25 million.
In 2023, Ring Energy Inc's operating cash flow was $-40534991.00 while its capital expenditure stood at $46.07 million.
Comparatively, Ring Energy Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Ring Energy Inc stock is currently trading at $1.9 per share. It touched a 52-week high of $5.09 and a 52-week low of $5.09. Analysts tracking the stock have a 12-month average target price of $5.5.
Its 50-day moving average was $2.11 and 200-day moving average was $2.59 The short ratio stood at 7.17 indicating a short percent outstanding of 0%.
Around 1459.2% of the company’s stock are held by insiders while 5133.4% are held by institutions.
Frequently Asked Questions About Ring Energy Inc
Similar Industry Stocks (Oil & Gas E&P)
Ring Energy, Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. It had interests in 54,959 net developed acres and 2,337 net undeveloped acres in Andrews, Gaines, Crane, Winkler, and Ward counties, Texas; and 13,930 net developed acres and 12,512 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 The Woodlands, Texas.