Ring Energy Inc REI
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
-
Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024
-
Ring Energy Announces Participation in 36th Annual Roth Conference
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Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance
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Ring Energy Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
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Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024
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Ring Energy to Present at the Microcap Conference
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Ring Energy Reduces Debt After Sale of Delaware Basin Assets
Trading Information
- Previous Close Price
- $2.01
- Day Range
- $1.96–2.05
- 52-Week Range
- $1.25–2.43
- Bid/Ask
- $1.92 / $1.98
- Market Cap
- $389.93 Mil
- Volume/Avg
- 12,111 / 1.8 Mil
Key Statistics
- Price/Earnings (Normalized)
- 3.98
- Price/Sales
- 1.12
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Stock Style Box
- Small Value
- Total Number of Employees
- 108
- Website
- https://www.ringenergy.com
Comparables
Valuation
|
Metric
|
REI
|
PDCE
|
FANG
|
|---|---|---|---|
Price/Earnings (Normalized) | 3.98 | 6.01 | 10.75 |
Price/Book Value | 0.52 | 1.45 | 2.15 |
Price/Sales | 1.12 | 1.68 | 4.31 |
Price/Cash Flow | 2.07 | 2.81 | 6.39 |
Price/Earnings
REI
PDCE
FANG
Financial Strength
|
Metric
|
REI
|
PDCE
|
FANG
|
|---|---|---|---|
Quick Ratio | 0.37 | 0.43 | 0.68 |
Current Ratio | 0.49 | 0.49 | 0.77 |
Interest Coverage | 3.38 | 36.01 | 25.26 |
Quick Ratio
REI
PDCE
FANG
Profitability
|
Metric
|
REI
|
PDCE
|
FANG
|
|---|---|---|---|
Return on Assets (Normalized) | 8.46% | 13.91% | 12.53% |
Return on Equity (Normalized) | 15.35% | 28.15% | 21.98% |
Return on Invested Capital (Normalized) | 13.51% | 21.43% | 15.63% |
Return on Assets
REI
PDCE
FANG
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