Wall Street expects a year-over-year decline in earnings on lower revenues when Ring Energy (REI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers are better than e ...

THE WOODLANDS, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2024 earnings release and conference call. Ring plans to issue its third quarter 2024 earnings release after the close of trading on Wednesday, November 6, 2024. The Company has scheduled a conference call on Thursday, November 7, 2024 at 11:00 a.m. central to discuss its third quarter 2024 operational and financial results. To participate, ...

Group 1 - Oil and gas stocks have not been prominent in the last 12 to 18 months due to macroeconomic headwinds affecting crude prices [1] - The subdued oil prices are seen as a key factor influencing the performance of the oil and gas sector [1]

I analyze oil and gas companies like Ring Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here ...

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 ...

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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]