Ring Energy, Inc.

Ring Energy, Inc.verified

REI

Price:

$1.66

Market Cap:

$328.58M

Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end ...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2007-04-10

Stock Exchange

AMEX

Ticker

REI

The Current Ratio as of July 2024 (TTM) for Ring Energy, Inc. (REI) is 0.50

According to Ring Energy, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.50. This represents a change of 3.29% compared to the average of 0.48 of the last 4 quarters.

Ring Energy, Inc. (REI) Historical Current Ratio (quarterly & annually)

How has REI Current Ratio performed in the past?

The mean historical Current Ratio of Ring Energy, Inc. over the last ten years is 1.34. The current 0.50 Current Ratio has changed 3.59% with respect to the historical average. Over the past ten years (40 quarters), REI's Current Ratio was at its highest in in the December 2016 quarter at 8.27. The Current Ratio was at its lowest in in the September 2021 quarter at 0.30.

Quarterly (TTM)
Annual

Average

1.34

Median

0.58

Minimum

0.32

Maximum

8.27

Ring Energy, Inc. (REI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ring Energy, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 975.07%

Maximum Annual Current Ratio = 8.27

Minimum Annual Increase = -92.73%

Minimum Annual Current Ratio = 0.32

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.499.79%
20220.4515.10%
20210.39-30.95%
20200.56-14.05%
20190.66101.87%
20180.32-46.03%
20170.60-92.73%
20168.27975.07%
20150.77-17.09%
20140.93-88.09%

Ring Energy, Inc. (REI) Average Current Ratio

How has REI Current Ratio performed in the past?

The current Current Ratio of Ring Energy, Inc. (REI) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.44

5-year avg

0.51

10-year avg

1.34

Ring Energy, Inc. (REI) Current Ratio vs. Peers

How is REI’s Current Ratio compared to its peers?

Ring Energy, Inc.’s Current Ratio is less than SilverBow Resources, Inc. (0.63), less than Vital Energy, Inc. (1.22), less than Permian Resources Corporation (0.55), less than Magnolia Oil & Gas Corporation (1.71), less than SM Energy Company (1.48), less than Matador Resources Company (0.89), greater than Obsidian Energy Ltd. (0.45), less than PetroTal Corp. (2.43), less than VAALCO Energy, Inc. (1.66), greater than Callon Petroleum Company (0.39), less than Diamondback Energy, Inc. (0.92), greater than Antero Resources Corporation (0.29), greater than Earthstone Energy, Inc. (0.47), less than Houston American Energy Corp. (11.27), less than Permianville Royalty Trust (4.92), less than Gran Tierra Energy Inc. (0.65), less than PHX Minerals Inc. (5.05),

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