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 Enterprise Value as of July 2024 (TTM) for Ring Energy, Inc. (REI) is 753.57M

According to Ring Energy, Inc.’s latest financial reports and current stock price. The company's current Enterprise Value is 753.57M. This represents a change of -1.98% compared to the average of 768.81M of the last 4 quarters.

Ring Energy, Inc. (REI) Historical Enterprise Value (quarterly & annually)

How has REI Enterprise Value performed in the past?

The mean historical Enterprise Value of Ring Energy, Inc. over the last ten years is 479.36M. The current 753.57M Enterprise Value has changed 15.62% with respect to the historical average. Over the past ten years (40 quarters), REI's Enterprise Value was at its highest in in the March 2024 quarter at 815.83M. The Enterprise Value was at its lowest in in the March 2016 quarter at 200.58M.

Quarterly (TTM)
Annual

Average

479.36M

Median

474.32M

Minimum

240.12M

Maximum

713.73M

Ring Energy, Inc. (REI) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Ring Energy, Inc. Enterprise Value, 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 = 79.82%

Maximum Annual Enterprise Value = 713.73M

Minimum Annual Increase = -51.58%

Minimum Annual Enterprise Value = 240.12M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023707.98M-0.81%
2022713.73M38.09%
2021516.87M43.80%
2020359.44M-32.79%
2019534.82M57.97%
2018338.55M-51.58%
2017699.22M61.94%
2016431.76M79.82%
2015240.12M-4.39%
2014251.15M70.33%

Ring Energy, Inc. (REI) Average Enterprise Value

How has REI Enterprise Value performed in the past?

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

3-year avg

646.19M

5-year avg

566.57M

10-year avg

479.36M

Ring Energy, Inc. (REI) Enterprise Value vs. Peers

How is REI’s Enterprise Value compared to its peers?

Ring Energy, Inc.’s Enterprise Value is less than SilverBow Resources, Inc. (2.07B), less than Vital Energy, Inc. (3.44B), less than Permian Resources Corporation (16.39B), less than Magnolia Oil & Gas Corporation (4.59B), less than SM Energy Company (6.09B), less than Matador Resources Company (9.16B), less than Obsidian Energy Ltd. (1.08B), greater than PetroTal Corp. (451.47M), greater than VAALCO Energy, Inc. (624.42M), less than Callon Petroleum Company (4.29B), less than Diamondback Energy, Inc. (42.03B), less than Antero Resources Corporation (17.52B), less than Earthstone Energy, Inc. (4.69B), greater than Houston American Energy Corp. (9.90M), greater than Permianville Royalty Trust (38.56M), less than Gran Tierra Energy Inc. (806.34M), greater than PHX Minerals Inc. (154.01M),

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Frequently asked questions❓

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