MARKET

REI

REI

Ring Energy
AMEX
2.070
+0.010
+0.49%
After Hours: 2.080 +0.01 +0.48% 18:36 04/16 EDT
OPEN
2.080
PREV CLOSE
2.060
HIGH
2.080
LOW
1.990
VOLUME
1.31M
TURNOVER
0
52 WEEK HIGH
2.430
52 WEEK LOW
1.250
MARKET CAP
409.72M
P/E (TTM)
3.856
1D
5D
1M
3M
1Y
5Y
Weekly Report: what happened at REI last week (0408-0412)?
Weekly Report · 1d ago
Weekly Report: what happened at REI last week (0401-0405)?
Weekly Report · 04/08 11:39
Ring Energy: Reviewing Its Outlook For 2024
Ring Energy is projected to generate $67 million in free cash flow in 2024 at low-$80s oil strip prices. Ring's Q4 2023 results were largely in-line with my expectations. Ring has around 45% of its oil production hedged, and that is partially reducing its benefit from low-80s prices. The company's 2024 production guidance was slightly below my expectations at $155 million.
Seeking Alpha · 04/03 00:13
Ring Energy: The Transition Continues
Ring Energy, Inc. Is increasing free cash flow to meet stock market demands and debt market demands. Management can now grow crude oil production without needing overall production growth for profitability. Despite lower commodity prices, management has maintained a steady debt ratio. The low price-earnings ratio will resolve itself as the debt ratio continues to decline.
Seeking Alpha · 04/02 18:01
Weekly Report: what happened at REI last week (0325-0329)?
Weekly Report · 04/01 11:35
Weekly Report: what happened at REI last week (0318-0322)?
Weekly Report · 03/25 11:39
Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024
Barchart · 03/25 05:45
Weekly Report: what happened at REI last week (0311-0315)?
Weekly Report · 03/18 11:37
More
About REI
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).

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