REI
Price:
$1.28
Market Cap:
$253.69M
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
According to Ring Energy, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 2.25. This represents a change of -64.36% compared to the average of 6.31 of the last 4 quarters.
The mean historical PE Ratio of Ring Energy, Inc. over the last ten years is 51.51. The current 2.25 PE Ratio has changed 336.77% with respect to the historical average. Over the past ten years (40 quarters), REI's PE Ratio was at its highest in in the June 2015 quarter at 136.80. The PE Ratio was at its lowest in in the December 2016 quarter at -334.38.
Average
51.51
Median
4.31
Minimum
-21.94
Maximum
407.23
Discovering the peaks and valleys of Ring Energy, Inc. PE 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 = 23.32%
Maximum Annual PE Ratio = 407.23
Minimum Annual Increase = -36027.03%
Minimum Annual PE Ratio = -21.94
Year | PE Ratio | Change |
---|---|---|
2023 | 2.65 | 23.32% |
2022 | 2.15 | -96.84% |
2021 | 68.19 | -36027.03% |
2020 | -0.19 | -103.19% |
2019 | 5.96 | -82.27% |
2018 | 33.60 | -91.75% |
2017 | 407.23 | -3148.04% |
2016 | -13.36 | -39.11% |
2015 | -21.94 | -171.13% |
2014 | 30.85 | -106.98% |
The current PE Ratio of Ring Energy, Inc. (REI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
24.33
5-year avg
15.75
10-year avg
51.51
Ring Energy, Inc.’s PE Ratio is less than SilverBow Resources, Inc. (4.99), less than Vital Energy, Inc. (2.35), less than Permian Resources Corporation (9.46), less than Magnolia Oil & Gas Corporation (11.52), less than SM Energy Company (5.19), less than Matador Resources Company (7.31), less than Obsidian Energy Ltd. (5.26), less than PetroTal Corp. (3.19), less than VAALCO Energy, Inc. (4.95), less than Callon Petroleum Company (13.32), less than Diamondback Energy, Inc. (10.02), less than Antero Resources Corporation (228.32), less than Earthstone Energy, Inc. (12.30), greater than Houston American Energy Corp. (-3.88), less than Permianville Royalty Trust (6.56), less than Gran Tierra Energy Inc. (4.81), less than PHX Minerals Inc. (29.85),
Company | PE Ratio | Market cap |
---|---|---|
4.99 | $940.37M | |
2.35 | $1.12B | |
9.46 | $11.21B | |
11.52 | $4.44B | |
5.19 | $4.30B | |
7.31 | $6.76B | |
5.26 | $410.43M | |
3.19 | $356.06M | |
4.95 | $449.21M | |
13.32 | $2.38B | |
10.02 | $46.07B | |
228.32 | $10.28B | |
12.30 | $2.98B | |
-3.88 | $16.23M | |
6.56 | $43.89M | |
4.81 | $257.77M | |
29.85 | $145.61M |
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