Ring Energy (REI) Projected to Post Quarterly Earnings on Monday

Ring Energy (NYSEAMERICAN:REI) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Monday, May 5th. Analysts expect Ring Energy to post earnings of $0.07 per share and revenue of $85.60 million for the quarter.

Ring Energy Stock Performance

Shares of REI opened at $0.92 on Friday. The company has a market capitalization of $182.34 million, a PE ratio of 1.61 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. Ring Energy has a one year low of $0.78 and a one year high of $2.06. The company’s fifty day moving average price is $1.06 and its 200 day moving average price is $1.36.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price objective on Ring Energy in a research note on Friday, March 7th.

Insider Activity at Ring Energy

In other Ring Energy news, CEO Paul D. Mckinney purchased 200,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $1.08 per share, with a total value of $216,000.00. Following the acquisition, the chief executive officer now directly owns 2,966,054 shares of the company’s stock, valued at $3,203,338.32. This trade represents a 7.23 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00. Following the completion of the transaction, the insider now directly owns 28,945,643 shares in the company, valued at $35,603,140.89. The trade was a 18.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Ring Energy Company Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.