While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and ...

Editor's note: Seeking Alpha is proud to welcome RW Analytics as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Background in investment banking and real estate development, currently focus on dividend stocks. Area of specialization is in real estate. Value investor but not afraid to buy superior companies at higher multiples, so long as they remain su ...

bjdlzx Ring Energy (NYSE:REI) is one of many producers not making any money at all producing natural gas. In fact, right now, the net price received is negative. Therefore, increasing the mix of oil produced is going to have some dramatic effects on the profitability of the company. Now, the wells that this company drills are relatively small wells. It therefore takes a lot of these wells to make a difference. However, with cheap wells like these, that "lot of wells" could prove to be a fast fix. More Oil B ...

THE WOODLANDS, Texas, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Paul McKinney, Chairman and Chief Executive Officer, is scheduled to make a presentation on Monday, August 19th, 2024 at 11:20 am Mountain Time (12:20 pm Central Time). Senior management will also host one-on-one meetings with investors. The presentation will be webcast live and archive ...

Ceri Breeze/iStock Editorial via Getty Images Note: All amounts presented are in Canadian Dollars. All references are to the stock price on TSX and not the OTC symbol. Only Canadian investors can trade options for Canadian stocks. US Investors cannot. On our last coverage of RioCan REIT (TSX:REI.UN:CA) we told you why bulls were not likely to make headway despite some good numbers from the company. While bears had some good counterarguments, we felt that neither side would be able to press the advantage, an ...

Financial Performance - Ring Energy reported quarterly earnings of $0.12 per share, matching the Zacks Consensus Estimate, but down from $0.14 per share a year ago [1] - The company posted revenues of $99.14 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.87% and up from $79.35 million year-over-year [2] - Over the last four quarters, Ring Energy has not surpassed consensus EPS estimates, and it delivered a surprise of -28.57% in the previous quarter [1][6] Market Performance - Ring Energy shares have increased approximately 13% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $96.58 million, and for the current fiscal year, it is $0.47 on revenues of $382.19 million [7] Industry Outlook - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 32% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - The estimate revisions trend for Ring Energy is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6]

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for second quarter 2024 and provided an improved outlook for the third quarter and full year. Second Quarter 2024 Highlights Produced sales of 13,623 barrels of oil per day ("Bo/d"), representing a 2% increase over the first quarter of 2024; Sold record total volumes of 19,786 barrels of oil equivalent per day ("Boe/d") (69% oil), which was ...

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for second quarter 2024 and provided an improved outlook for the third quarter and full year. Second Quarter 2024 Highlights Produced sales of 13,623 barrels of oil per day ("Bo/d"), representing a 2% increase over the first quarter of 2024; Sold record total volumes of 19,786 barrels of oil equivalent per day ("Boe/d") (69% oil), which was ...

Core Insights - Ring Energy, Inc. has announced a management team update with the appointment of Phillip Feiner as Vice President, General Counsel, bringing over 25 years of energy industry experience [1][2] - The addition of Mr. Feiner is seen as crucial for executing the company's long-term strategy, focusing on maximizing cash flow, improving the balance sheet, and enhancing shareholder value [2] Company Overview - Ring Energy, Inc. is engaged in oil and gas exploration, development, and production, with a current focus on developing its assets in the Permian Basin [3]

Ring plans to issue its second quarter 2024 earnings release after the close of trading on Tuesday, August 6, 2024. The Company has scheduled a conference call on Wednesday, August 7, 2024 at 11:00 a.m. central to discuss its second quarter 2024 operational and financial results. To participate, interested parties should dial 833-953-2433 at least five minutes before the call is to begin. Please reference the "Ring Energy Second Quarter 2024 Earnings Conference Call". International callers may participate b ...