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Ring Energy Announces Timing of Third Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-10-16 10:45
Core Points - Ring Energy, Inc. announced the timing of its third quarter 2025 earnings release and conference call [1] - The earnings release will be issued after the close of trading on November 6, 2025, with a conference call scheduled for November 7, 2025, at 11:00 a.m. ET [2] - The company focuses on oil and gas exploration, development, and production, particularly in the Permian Basin [3] Earnings Release and Conference Call - The third quarter 2025 earnings release will be available after market close on November 6, 2025 [2] - A conference call to discuss the results will take place on November 7, 2025, at 11:00 a.m. ET, with participation details provided [2] - The call will be accessible via a webcast on the company's website, and an audio replay will be available afterward [2] Company Overview - Ring Energy, Inc. specializes in oil and gas exploration, development, and production [3] - The company's current operations are primarily focused on developing its assets in the Permian Basin [3]
Ring Energy (REI) Up More Than 48.5% Since FQ2 2025 Results, Wall Street Bullish
Yahoo Finance· 2025-10-07 06:16
Company Performance - Ring Energy, Inc. reported a revenue of $82.60 million for the fiscal second quarter of 2025, which represents a 16.68% decrease year-over-year and fell short of expectations by $265,910 [2] - The company achieved an EPS of $0.05, exceeding Wall Street estimates by $0.02 [2] - Following the earnings release, the stock price increased by more than 48.5% [1] Analyst Ratings - Michael Markidis from BMO Capital raised the price target for Ring Energy from C$19 to C$20, maintaining a Buy rating [2] - Pammir Bir from RBC Capital reiterated a Buy rating with a price target of C$21 [2] Debt Management - Ring Energy announced a target to reduce its debt by approximately $18 million during the third quarter [3] - The company is focused on exploration, development, and production in the Permian Basin of Texas [3]
Goldman Sachs Scales Back Ring Energy, Inc. (REI) Holdings
Yahoo Finance· 2025-09-29 22:51
Ring Energy, Inc. (NYSEAMERICAN:REI) is among the hidden penny stocks to buy now. During the first quarter, Goldman Sachs Group Inc. trimmed its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 33.5% through the sale of 394,814 shares. According to a recent filing with the SEC, the bank now owns 783,618 shares of the company’s stock, which translates to an investment of $901,000 and an ownership of about 0.38%. One thing that has kept the investor’s interest is the company’s strategy to reduce its debt ...
Ring Energy Announces Departure of Chief Financial Officer and Transition Plan
Globenewswire· 2025-09-12 21:14
Group 1 - The Chief Financial Officer of Ring Energy, Inc., Travis T. Thomas, has resigned effective immediately to pursue other opportunities, and his resignation was not due to any disagreements with the company [1] - Rocky Kwon, the Vice President of Accounting, has been appointed as the Interim Chief Financial Officer while the company searches for a new CFO; Kwon has been with Ring since 2021 and has extensive financial leadership experience [2] - Paul D. McKinney, the Chairman and CEO, expressed confidence in the company's financial goals and thanked Thomas for his five years of service, emphasizing the company's commitment to shareholder value and debt reduction [3] Group 2 - Ring Energy, Inc. is focused on oil and gas exploration, development, and production, with current operations centered on its Permian Basin assets [4]
PROP vs. REI: Which Oil Stock Under $5 Is Worth Holding Now?
ZACKS· 2025-09-10 15:11
Core Viewpoint - Prairie Operating Co. (PROP) and Ring Energy (REI) are two smaller oil and energy companies in the U.S. market, both trading under $5 per share and facing a challenging environment, making it essential for investors to compare their prospects [1][2]. Company Overview - PROP is aggressively expanding in the Denver-Julesburg (DJ) Basin, while REI is adopting a more measured growth strategy in the Permian Basin [2]. Prairie Operating Co. (PROP) Analysis - PROP has expanded its land to approximately 60,000 acres, allowing for a decade of drilling potential, and achieved a fivefold production increase in Q2 2025 compared to the previous quarter [3]. - The company plans to bring 41 new wells online in 2025, but faces risks from ambitious growth targets and rising drilling costs, which may impact profitability [4]. - Financially, PROP's foundation is weakening due to significant equity dilution, with Q2 2025 average output at 21,052 barrels of oil-equivalent per day, falling short of expectations [5]. - Well costs exceeded projections, further reducing project returns, and the fully diluted share count increased significantly due to Series F preferred equity [6]. Ring Energy (REI) Analysis - REI reported record oil sales in Q2 2025, exceeding forecasts, with over 70% of its production being oil, leading to higher profit margins [7]. - The company generated $25 million in free cash flow, allowing for debt repayment and future project funding, while managing costs effectively with a 12% reduction in lease operating expenses [8]. - Despite its strengths, REI faces challenges with high debt levels nearing $450 million, which could limit financial flexibility if oil prices decline [9]. Price Performance - Over the past year, PROP's stock has dropped 74%, while REI's shares have decreased by 40%, indicating greater investor skepticism towards PROP's growth strategy and dilution risks [10][11]. Valuation Comparison - REI trades at 0.58X forward price-to-sales with a Zacks Value Score of A, reflecting its high-margin production and cash generation, while PROP trades at 0.21X forward sales with a Value Score of C, indicating concerns over dilution and financial stability [13]. Earnings Outlook - The Zacks Consensus Estimate for REI's 2025 earnings has increased by 20% over the past 30 days, while PROP has seen no upward revisions and a 38% cut to 2026 estimates, suggesting analysts view REI more favorably [14][16]. Conclusion - PROP's rapid expansion presents significant risks due to financial weaknesses and operational challenges, while REI offers more stable cash flow and better cost management, positioning it more favorably in the current market [18].
Ring Energy: Debt Ratio Climbs As Costs Decline
Seeking Alpha· 2025-09-10 02:29
Ring Energy (NYSE: REI ) has dealt with debt issues ever since the market changed the rules. The improvement in the debt situation using the "new rules" since fiscal year 2020 has been gradual. But that improving debt ratio has beenLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA.Analyst’s Disclosure:I/we have a beneficial long positio ...
Ring Energy: Progress With Reducing Lease Operating Expenses
Seeking Alpha· 2025-09-08 16:17
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Ring Energy (NYSE: REI ) delivered oil sales volumes above expectations for Q2 2025 , and significantly reduced its lease operating expenses with a 12% reduction compared to Q1 2025. Ring also now expects 4% lower le ...
Ring Energy Announces Third Quarter 2025 Debt Reduction Target and Provides Stock Ownership Update
Globenewswire· 2025-08-26 10:45
THE WOODLANDS, Texas, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported its debt reduction target for the third quarter of 2025 and the change in ownership status of a previous large stockholder. Ring Energy has established a debt reduction target of approximately $18 million for the third quarter of 2025. The Company anticipates it will have approximately $430 million in borrowings outstanding on its credit facility as of September 30, 2025, d ...
3 Energy Stocks Under $5 With Strong Value Fundamentals
ZACKS· 2025-08-25 12:45
Oil Market Overview - Oil prices have stabilized, with Brent crude at $67.73 per barrel and U.S. WTI at $63.66 per barrel, marking the first weekly gains in three weeks [1] - The stabilization was driven by a larger-than-expected drawdown in U.S. crude inventories, indicating strong demand [1] - Geopolitical risks, particularly related to the stalled Russia-Ukraine peace talks and potential new sanctions on Russian oil, continue to inject uncertainty into the market [1][2] Economic Influences - Weak economic data from Germany has raised concerns about global consumption, impacting oil demand [2] - Anticipation of signals from the Federal Reserve's Jackson Hole conference regarding potential interest rate cuts could stimulate economic growth and boost oil demand [2] Investment Opportunities - Investors are encouraged to look for undervalued energy stocks that can capitalize on market volatility while limiting downside risk [3] - Identified stocks include Ring Energy (REI), RPC, Inc. (RES), and Kosmos Energy (KOS), all trading under $5 and holding a Value Score of A [3][10] Company Profiles Ring Energy (REI) - An independent exploration and production company focused on oil and natural gas in the Permian Basin of Texas, with a high level of operational control [4] - Utilizes modern drilling techniques to create long-life wells with low breakeven costs, emphasizing predictable growth and strong cash flow [5] - Currently trading at less than $1 per share, with a 50% increase in the Zacks Consensus Estimate for 2025 earnings over the past 60 days [6] RPC, Inc. (RES) - A U.S.-based oilfield services provider with a diverse portfolio serving exploration and production companies [7] - Known for a debt-free balance sheet and consistent returns of excess free cash to shareholders, with a recent acquisition enhancing its service mix [8] - Shares trade for less than $5, with a projected 7.8% growth in 2025 revenues according to the Zacks Consensus Estimate [9] Kosmos Energy (KOS) - A deepwater exploration and production company with a balanced portfolio across proven basins, including offshore Ghana and the U.S. Gulf of Mexico [11] - Focuses on disciplined growth and sustainable cash generation, with recent milestones supporting future free cash flow [12] - Currently priced at $1.84 per share, with a 26% increase in the Zacks Consensus Estimate for 2025 earnings over the past 60 days [13]
Ring Energy (REI) Conference Transcript
2025-08-18 20:55
Summary of Ring Energy (REI) Conference Call - August 18, 2025 Company Overview - **Company Name**: Ring Energy - **Headquarters**: The Woodlands, Texas - **Industry**: Independent oil and gas - **Focus Area**: Permian Basin, specifically the Southern part of the Northwest Shelf and the Central Basin Platform [6][7] Key Financial Metrics - **Average Production**: Over 21,000 barrels per day, with approximately 14,500 barrels per day being crude oil [9][21] - **Approved Reserves**: 134 million barrels valued at approximately $1.5 billion at SEC prices, with an additional 12 million barrels added from the Limerick acquisition [7] - **Record Adjusted Free Cash Flow**: Nearly $25 million, an increase of over 300% [11][31] - **Operating Costs**: Lease operating costs reduced by 12%, and all-in cash operating costs also dropped by 12% [10][31] - **Leverage Ratio**: Improved by 50% since the company’s leadership change, currently at around two times [15][40] Strategic Focus - **Long-term Strategy**: Focused on maximizing free cash flow through operational excellence and cost reduction [12][40] - **Technological Application**: Utilizing technologies developed for shales on conventional rock, leading to significant returns [8] - **Debt Reduction**: Prioritizing debt repayment in the current price environment, aiming for a leverage ratio below one times [15][41] Operational Highlights - **Production Growth**: Increased production by over 23% compounded annually since 2020 [13] - **Reserve Growth**: Proved reserves increased by 88%, including the effects of selling non-core assets [13] - **Acquisition Strategy**: Successful integration of LimeRock assets, leading to a 13% increase in production per share and a 250% increase in adjusted free cash flow [31][30] Market Position and Comparisons - **Peer Comparison**: Second lowest decline rate in a peer group of 11 companies, with the longest reserve life at 18.7 years [17][18] - **Operating Margins**: Ranked third in terms of highest operating margins among peers, allowing resilience against oil price volatility [20] - **Valuation Perspective**: Current stock price undervalued compared to recent transactions in the Central Basin Platform, suggesting a potential trading value of $2.51 per share [37] Future Outlook - **Guidance for Production**: Anticipated production of 14,200 barrels of oil per day, with a focus on maintaining operational efficiency [21][22] - **Capital Spending**: Planned capital spending of $97 million for the year, a reduction of 36% from previous guidance [27][25] - **Price Sensitivity**: Adjusted free cash flow projections based on oil prices ranging from $55 to $75 per barrel, indicating strong cash flow generation potential [28][29] Conclusion - **Company Resilience**: Ring Energy is positioned as a strong and resilient company, focusing on operational efficiency, debt reduction, and maximizing shareholder value in a volatile market environment [16][40]