Ring Energy (REI) Beats Q3 Earnings and Revenue Estimates

Ring Energy (REI) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.01 per share when it actually produced earnings of $0.1, delivering a surprise of +900%.Over the last four quar ...