REI: Ring Energy, Inc.
About
Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The firm's areas of operation are situated in the Permian Basin, the Central Basin Platform, and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in The Woodlands, TX.
Current Value
$1.541 Year Return
Current Value
$1.541 Year Return
Key Details
Market Cap
$305.22M
P/E Ratio
2.72
1Y Stock Return
-10.47%
1Y Revenue Growth
6.10%
Dividend Yield
0.00%
Price to Book
0.4
Strategies that include REI
Stock's related to REI
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| VET | 64.06% | $1.57B | -21.53% | 3.35% |
| SD | 61.90% | $430.19M | -10.98% | 3.79% |
| NOG | 61.48% | $4.10B | +9.43% | 3.97% |
| TALO | 59.88% | $1.98B | -20.99% | 0.00% |
| WTI | 59.76% | $291.77M | -42.77% | 2.01% |
| MTDR | 59.43% | $7.21B | -1.21% | 1.47% |
| PR | 59.03% | $10.64B | +15.08% | 3.02% |
| BRY | 58.93% | $323.14M | -39.04% | 10.40% |
| CVE | 58.69% | $29.32B | -10.19% | 2.95% |
| SU | 58.45% | $52.05B | +23.58% | 3.92% |
| VTLE | 58.36% | $1.19B | -32.18% | 0.00% |
| CIVI | 58.23% | $4.91B | -21.31% | 3.94% |
| IMO | 58.22% | $39.72B | +31.84% | 2.23% |
| EOG | 57.97% | $76.03B | +10.19% | 2.70% |
| COP | 57.92% | $130.16B | -1.63% | 2.59% |
| DVN | 57.50% | $24.90B | -14.49% | 2.84% |
| MUR | 57.32% | $4.74B | -23.99% | 3.70% |
| CNQ | 57.24% | $71.04B | +1.89% | 6.81% |
| CHRD | 57.23% | $7.82B | -19.23% | 5.23% |
| BP | 56.88% | $77.24B | -18.61% | 6.32% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| ACGL | 0.08% | $36.00B | +16.84% | 0.00% |
| ACRS | 0.11% | $327.87M | +415.67% | 0.00% |
| IMNN | -0.11% | $10.02M | -22.89% | 0.00% |
| BRO | -0.12% | $31.27B | +47.55% | 0.49% |
| WMT | 0.12% | $696.11B | +66.69% | 1.38% |
| PRPH | 0.15% | $18.14M | -82.61% | 0.00% |
| BEST | 0.15% | $31.65M | +3.88% | 0.00% |
| HE | -0.16% | $1.82B | -17.47% | 0.00% |
| HLN | 0.17% | $42.91B | +13.94% | 1.67% |
| FIZZ | 0.17% | $4.43B | +4.83% | 0.00% |
| CPSH | 0.21% | $20.70M | -40.13% | 0.00% |
| KRRO | 0.23% | $436.84M | +20.68% | 0.00% |
| MSI | 0.24% | $81.46B | +52.34% | 0.80% |
| FDS | 0.24% | $18.29B | +5.24% | 0.84% |
| BACK | 0.25% | $1.76M | -32.90% | 0.00% |
| CODX | -0.29% | $34.16M | -25.17% | 0.00% |
| VRCA | -0.30% | $40.58M | -75.88% | 0.00% |
| DAVE | -0.31% | $1.04B | +1,258.83% | 0.00% |
| ROL | 0.32% | $23.98B | +23.53% | 1.25% |
| ADP | -0.41% | $121.23B | +28.69% | 1.89% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CHD | -24.98% | $27.18B | +19.50% | 1.03% |
| CLX | -20.38% | $20.81B | +20.66% | 2.88% |
| CL | -20.23% | $76.48B | +22.25% | 2.12% |
| MCK | -19.74% | $78.15B | +35.51% | 0.42% |
| CBOE | -17.41% | $21.46B | +15.84% | 1.11% |
| VRSK | -17.29% | $39.77B | +17.45% | 0.53% |
| MNOV | -15.62% | $93.19M | +2.15% | 0.00% |
| MDLZ | -14.85% | $85.41B | -10.00% | 2.73% |
| SYK | -13.39% | $148.17B | +32.36% | 0.82% |
| COKE | -13.25% | $10.72B | +73.12% | 0.33% |
| COST | -13.17% | $412.13B | +62.81% | 0.49% |
| PG | -11.73% | $402.15B | +14.14% | 2.33% |
| FARM | -10.78% | $41.47M | -25.00% | 0.00% |
| COR | -10.73% | $47.48B | +21.20% | 0.86% |
| ORLY | -10.48% | $69.31B | +22.06% | 0.00% |
| MANU | -10.48% | $2.88B | -9.41% | 0.00% |
| CAH | -10.47% | $28.64B | +12.14% | 1.70% |
| PEP | -10.41% | $215.02B | -6.60% | 3.35% |
| MNST | -10.04% | $52.25B | -1.95% | 0.00% |
| EW | -8.91% | $41.40B | +4.84% | 0.00% |
ETF's related to REI
News
SeekingAlpha
Ring will likely need to reduce its leverage without significant dilution to achieve this potential upside, though. Read more on REI stock here.
Yahoo
Despite a dip in revenue, Ring Energy Inc (REI) showcases robust operational performance and a solid financial position in the third quarter.
SeekingAlpha
Ring Energy's strategic acquisitions and low breakeven costs are driving profitability and debt reduction amid fluctuating oil prices. See why REI stock is a Buy.
SeekingAlpha
The following slide deck was published by Ring Energy, Inc.
Finnhub
RING ENERGY ANNOUNCES THIRD QUARTER 2024 RESULTS, PROVIDES GUIDANCE FOR FOURTH QUARTER AND UPDATES FULL YEAR 2024 OUTLOOK ~ Q3 2024 Highlighted by Record Sales,...
SeekingAlpha
Ring Energy, Inc. (NYSE:REI) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ETCompany ParticipantsAl Petrie - Investor RelationsPaul McKinney -...
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.