Ring Energy Inc
General ticker "REI" information:
- Sector: Energy
- Industry: Oil, Gas & Consumable Fuels
- Capitalization: $281.8M
Ring Energy Inc follows the US Stock Market performance with the rate: 11.9%.
Estimated limits based on current volatility of 2.4%: low 1.22$, high 1.29$
Factors to consider:
- Price in estimated range
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [1.13$, 2.19$]
- 2024-12-30 to 2025-12-30 estimated range: [1.53$, 2.76$]
Financial Metrics affecting the REI estimates:
- Positive: 0.10 < Non-GAAP EPS, $ of 0.52
- Positive: Operating cash flow per share per price, % of 67.39 > 12.76
- Positive: Operating profit margin, % of 40.39 > 19.51
- Positive: -3.48 < Investing cash flow per share, $ of -1.17
- Positive: Industry operating cash flow per share per price (median), % of 20.76 > 10.07
- Positive: Industry earnings per price (median), % of 8.26 > 5.96
- Positive: 2.86 < Return on assets ratio (scaled to [-100,100]) of 7.08
Short-term REI quotes
Long-term REI plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $196.31MM | $347.25MM | $360.97MM |
| Operating Expenses | $100.55MM | $155.51MM | $215.19MM |
| Operating Income | $95.76MM | $191.74MM | $145.78MM |
| Non-Operating Income | $-92.34MM | $-44.70MM | $-40.79MM |
| Interest Expense | $14.49MM | $23.17MM | $43.93MM |
| Income(Loss) | $3.41MM | $147.04MM | $104.99MM |
| Taxes | $0.09MM | $8.41MM | $0.13MM |
| Profit(Loss) | $3.32MM | $138.64MM | $104.86MM |
| Stockholders Equity | $300.62MM | $661.10MM | $786.58MM |
| Assets | $684.16MM | $1,269.00MM | $1,376.50MM |
| Operating Cash Flow | $72.73MM | $196.98MM | $198.17MM |
| Capital expenditure | $53.24MM | $131.22MM | $155.21MM |
| Investing Cash Flow | $-51.24MM | $-308.88MM | $-222.57MM |
| Financing Cash Flow | $-22.66MM | $113.21MM | $20.99MM |
| Earnings Per Share* | $0.03 | $1.14 | $0.55 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.