Ring Energy (REI) Tops Q3 Earnings and Revenue Estimates

Ring Energy (REI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of$ 0.06 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this independent oil and gas company would post earnings of$ 0.12 per share when it actually produced earnings of $0.12, delivering no surprise.Over the last four quarters, th ...