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 PE Ratio as of July 2024 (TTM) for Ring Energy, Inc. (REI) is 4.15

According to Ring Energy, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 4.15. This represents a change of 77.48% compared to the average of 2.34 of the last 4 quarters.

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

How has REI PE Ratio performed in the past?

The mean historical PE Ratio of Ring Energy, Inc. over the last ten years is 51.51. The current 4.15 PE Ratio has changed 705.60% 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.

Quarterly (TTM)
Annual

Average

51.51

Median

4.31

Minimum

-21.94

Maximum

407.23

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

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

Quarterly (TTM)
Annual
YearPE RatioChange
20232.6523.32%
20222.15-96.84%
202168.19-36027.03%
2020-0.19-103.19%
20195.96-82.27%
201833.60-91.75%
2017407.23-3148.04%
2016-13.36-39.11%
2015-21.94-171.13%
201430.85-106.98%

Ring Energy, Inc. (REI) Average PE Ratio

How has REI PE Ratio performed in the past?

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. (REI) PE Ratio vs. Peers

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

Ring Energy, Inc.’s PE Ratio is less than SilverBow Resources, Inc. (5.18), greater than Vital Energy, Inc. (3.07), less than Permian Resources Corporation (17.03), less than Magnolia Oil & Gas Corporation (12.29), less than SM Energy Company (6.72), less than Matador Resources Company (7.95), less than Obsidian Energy Ltd. (8.97), greater than PetroTal Corp. (3.57), less than VAALCO Energy, Inc. (10.05), less than Callon Petroleum Company (5.99), less than Diamondback Energy, Inc. (11.36), less than Antero Resources Corporation (151.05), less than Earthstone Energy, Inc. (4.95), greater than Houston American Energy Corp. (-4.06), greater than Permianville Royalty Trust (4.13), less than Gran Tierra Energy Inc. (94.72), less than PHX Minerals Inc. (8.37),

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