Core Viewpoint - Ring Energy, Inc. is set to release its second quarter 2024 earnings on August 6, 2024, followed by a conference call on August 7, 2024, to discuss operational and financial results [1][2]. Group 1 - The earnings release will occur after the close of trading on August 6, 2024 [1]. - A conference call is scheduled for August 7, 2024, at 11:00 a.m. central time [1]. - Interested parties can participate by dialing 833-953-2433 or 412-317-5762 for international callers [1]. Group 2 - Ring Energy, Inc. focuses on oil and gas exploration, development, and production, particularly in the Permian Basin [2]. - Additional information about the company can be found on its website [2].

Core Viewpoint - Value investing remains a favored strategy, focusing on identifying companies undervalued by the market [1] Company Summary: Ring Energy (REI) - Ring Energy (REI) has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential [2] - The current P/E ratio for REI is 3.60, significantly lower than the industry average of 10.22 [2] - Over the past 12 months, REI's Forward P/E has fluctuated between 1.61 and 3.85, with a median of 2.39 [2] Financial Metrics - REI has a P/CF ratio of 2.20, which is favorable compared to the industry's average P/CF of 7.84 [3] - The P/CF for REI has ranged from 1.25 to 2.43 in the last year, with a median of 1.89 [3] - The P/S ratio for REI stands at 1.04, compared to the industry average of 2.06, indicating further undervaluation [6] Investment Insights - The combination of REI's strong earnings outlook and favorable valuation metrics suggests it is currently undervalued [7] - Zacks' Style Scores system highlights stocks with "A" grades in the Value category, indicating REI is among the strongest value stocks available [5]

Core Viewpoint - The Founders acquisition by Ring Energy is expected to yield significant benefits, including increased production and improved financial health, particularly as oil prices rise above $80 WTI, aiding in debt repayment and overall profitability [5][10][20]. Production and Financial Performance - The acquisition has led to higher-than-expected production levels, both total and oil, with management confirming a $15 million debt repayment, marking one of the highest quarterly payments without asset or stock sales [10][11]. - The company has repaid $48 million of the $75 million initially proposed for the acquisition, indicating a strong trajectory towards debt reduction [11]. - Free cash flow has increased despite the acquisition being entirely debt-financed, suggesting that the deal is financially beneficial [12]. Strategic Direction - The acquisition aligns with the company's strategy to focus on oil-weighted production, enhancing the overall production mix and profitability [15][16]. - Management aims to drill more profitable wells, leveraging the acquired acreage to increase free cash flow without necessarily needing to grow production [14]. Market Conditions and Outlook - The current environment, with rising oil prices, is favorable for debt repayment and could lead to significant improvements in the company's financial situation [20]. - The company is expected to benefit from modern completion techniques, which may lead to unexpected growth and further enhance financial performance [17]. Management Changes - Key management changes, including the retirement of the Executive Vice President of Land, Legal, Human Resources, and Marketing, may impact the company's acquisition strategy, necessitating experienced replacements [6][18].

THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today updated second quarter of 2024 sales guidance and end-of-period debt, and announced reaffirmation of the $600 million borrowing base. Key Highlights Increases second quarter 2024 sales guidance range above its high end of prior guidance for both barrels of oil per day ("Bopd") and barrels of oil equivalent per day ("Boepd"). New Oil Sales Guidance: 13,500 to 13,700 Bopd compared to prior guid ...

THE WOODLANDS, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") today announced management team changes, including the pending departure of two senior executives. Mr. Stephen D. Brooks, Ring's Executive Vice President of Land, Legal, Human Resources and Marketing, has elected to retire from his position effective July 1, 2024. The Company has an active search underway seeking to attract a new executive team member to lead the Company's legal and human resources ...

Core Viewpoint - Ring Energy, Inc. reported a positive Q1 2024 with sales volumes exceeding guidance, driven by higher oil production and lower operating expenses, despite challenges in natural gas pricing [2][10]. Sales and Production - Ring sold 19,034 BOEPD in Q1 2024, which was 3% above the high-end of its guidance [2] - The oil cut was 70%, resulting in 13,394 barrels per day in oil sales, 5% above expectations [2] - The company experienced less downtime than anticipated, contributing to higher volumes [2] Financial Performance - Total revenue for Q1 2024 was $366 million, with oil sales generating $363 million at $75.50 per barrel [4] - Natural gas revenues were negative $0.8 million, but NGLs contributed $3 million, leading to a realized price of $4.29 per BOE for combined NGLs and natural gas [3][4] - Lease operating expenses were $10.60 per BOE, lower than the guidance of $10.75 to $11.25 [2] Future Outlook - Projected sales volumes for 2024 have been increased to 18,700 BOEPD, with oil sales expected to be 13,150 barrels per day [8] - The company anticipates generating $366 million in revenue for 2024, with a projected free cash flow of $55 million [8][10] - Net debt is expected to reduce to around $370 million by the end of 2024, with leverage at 1.5x [8][9] Valuation - The estimated value of Ring is now $2.50 per share, reflecting reduced free cash flow expectations and leverage risks [5][9] - The valuation could increase if sales volumes exceed expectations or if leverage is reduced [9][10]

bjdlzx Ring Energy, Inc. (NYSE:REI) management has long been trying to get this company to an appropriate operating model with adequate cash flow and a marketacceptable debt ratio, as the last article (and more before it) discussed. This kind of transition can weigh on an investor's patience. However, the result should be a higher stock price valuation based upon fewer debt fears combined with an ability to return capital to shareholders that the market now demands. This time around, management reported sig ...

Core Viewpoint - The article highlights the potential for significant gains in penny stocks, particularly in the context of rising speculation driven by anticipated rate cuts and the recent surge in meme stocks [2][3]. Group 1: Latam Logistic Properties - Latam Logistic Properties (NYSE:LPA) experienced a remarkable stock increase of 1,730% last month, indicating a strong interest in meme stocks [1]. Group 2: Standard Lithium (SLI) - Standard Lithium (NYSE:SLI) is identified as an undervalued penny stock, with a recent stock surge of 35% attributed to a partnership with Equinor (NYSE:EQNR) for U.S. lithium projects [5][6]. - The South West Arkansas project has an after-tax net present value (NPV) of $4.5 billion, requiring a development capital investment of $1.3 billion, which has been alleviated by the partnership [5]. - The company also has an asset in Lanxess with an after-tax NPV of $722 million, while its current market valuation stands at $300 million, suggesting significant upside potential [6]. Group 3: Wallbox (WBX) - Wallbox (NYSE:WBX) is positioned to thrive in the electric vehicle charging industry despite recent challenges, with the stock showing a marginal increase of 7% year-to-date [7][8]. - The company is approaching adjusted EBITDA breakeven in Q2, indicating improving margins and potential for sustained EBITDA margin expansion beyond 2024 [9]. - For Q1 2024, Wallbox reported a revenue growth of 23% year-on-year, reaching 43.1 million euros, with future growth expected from the acquisition of ABL and new product launches [10]. Group 4: Ring Energy (REI) - Ring Energy (NYSE:REI) is noted for its attractive valuation, with a proven reserve base of 129.8 million barrels of oil equivalent (mmboe) and a PV10 valuation of $1.65 billion, indicating significant undervaluation [11][12]. - The company is expected to benefit from potential rate cuts and a bullish sentiment in the oil market, which could lead to a breakout rally for its stock [11][13]. - Ring Energy has a history of production growth through acquisitions, and increasing free cash flows may support further inorganic growth [13].

Exhibit 99.1 RING ENERGY ANNOUNCES FIRST QUARTER 2024 RESULTS, PROVIDES SECOND QUARTER 2024 OUTLOOK AND REITERATES FULL YEAR 2024 GUIDANCE ~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~ ~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ The Woodlands, TX – May 6, 2024 – Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for the first quarter of 2024. Also, the Company provided an outlook for the second quarter ...

Financial Data and Key Metrics Changes - In Q1 2024, the company sold 13,394 barrels of oil per day, which was 5% higher than the top end of sales guidance, and total product sales volumes were 19,034 barrels of oil equivalent (Boe) per day, 3% above guidance [9][10] - Adjusted net income for Q1 was $20.3 million, or $0.10 per diluted share, compared to $21.2 million, or $0.11 per diluted share in Q4 2023 [19] - Adjusted EBITDA for Q1 was $62 million, down from $65.4 million in Q4 2023, while net cash provided by operating activities was $45.2 million, compared to $55.7 million in Q4 2023 [34] Business Line Data and Key Metrics Changes - The company increased oil to 70% of its product mix, with lease operating expenses (LOE) at $10.60 per Boe, below guidance [10][12] - Capital expenditures for Q1 were $36.3 million, which included drilling and completion of 5 horizontal wells and 6 vertical wells, coming in below guidance [10][34] Market Data and Key Metrics Changes - The average natural gas price differential from NYMEX futures pricing for Q1 was a negative $2.57 per Mcf, an improvement from negative $3.12 per Mcf in Q4 2023 [18] - Revenue for Q1 was $94.5 million, a 5% decrease from Q4 2023, with oil accounting for 98% of revenue despite being 70% of production [18] Company Strategy and Development Direction - The company plans to maintain a phased 2-rig drilling program to retain flexibility in response to changing commodity prices and market conditions [15][24] - The focus remains on operational excellence, improving the balance sheet, and pursuing strategic acquisitions to enhance growth [24][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational and financial success of Q1, attributing it to strategic acquisitions and improved efficiencies [31] - The company anticipates production for Q2 to range between 18,500 and 19,100 Boe per day, with oil production between 13,000 and 13,400 barrels per day [15][23] Other Important Information - The company paid down $3 million of debt in Q1 and $33 million since the Founders acquisition, exiting the quarter with $179.3 million of liquidity [14][21] - Adjusted free cash flow for Q1 was $15.6 million, representing the 18th consecutive quarter of positive adjusted free cash flow [13] Q&A Session Summary Question: Can you discuss the economics of the investment types in your areas? - Management noted robust economics in the San Andres horizontal oil play and strong drilling results from Founders' assets, which have a higher percentage of oil [26] Question: What are the limitations regarding infrastructure and takeaway? - Management acknowledged challenges with gas takeaway in the Central Basin Platform but noted that additional infrastructure improvements are expected [28] Question: How much capital can be allocated to P.J. Lea and Penwell areas? - Management confirmed flexibility to add capital in P.J. Lea, with no constraints, while Penwell is still addressing some saltwater disposal issues [70] Question: Why is the Q2 CapEx guidance consistent with Q1 despite better performance? - Management indicated that the consistency in guidance reflects conservatism and potential additional costs related to operational hiccups and ESG improvements [71]