Equities analysts expect that Ring Energy, Inc. (NYSE:REI – Get Rating) will report $0.20 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Ring Energy’s earnings. Ring Energy posted earnings of $0.07 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 185.7%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Ring Energy will report full year earnings of $0.82 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $1.31 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Ring Energy.
Separately, StockNews.com assumed coverage on Ring Energy in a report on Thursday, March 31st. They set a “hold” rating on the stock.
Ring Energy Company Profile (Get Rating)
Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.
- Get a free copy of the StockNews.com research report on Ring Energy (REI)
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