Ring Energy, Inc.

Ring Energy, Inc.verified

REI

Price:

$1.745

Market Cap:

$345.40M

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 ROE as of July 2024 (TTM) for Ring Energy, Inc. (REI) is 10.18%

According to Ring Energy, Inc.’s latest financial reports and current stock price. The company's current ROE is 10.18%. This represents a change of 305.75% compared to the average of 2.51% of the last 4 quarters.

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

How has REI ROE performed in the past?

The mean historical ROE of Ring Energy, Inc. over the last ten years is -5.44%. The current 10.18% ROE has changed -287.12% with respect to the historical average. Over the past ten years (40 quarters), REI's ROE was at its highest in in the September 2022 quarter at 14.83%. The ROE was at its lowest in in the December 2020 quarter at -54.37%.

Quarterly (TTM)
Annual

Average

-5.44%

Median

1.53%

Minimum

-85.97%

Maximum

20.97%

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

Discovering the peaks and valleys of Ring Energy, Inc. ROE, 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 = 1.80%

Maximum Annual ROE = 20.97%

Minimum Annual Increase = -1625.82%

Minimum Annual ROE = -85.97%

Quarterly (TTM)
Annual
YearROEChange
202313.33%-36.43%
202220.97%1.80%
20211.11%-101.29%
2020-85.97%-1625.82%
20195.63%189.61%
20181.95%295.56%
20170.49%-103.80%
2016-12.95%166.49%
2015-4.86%-182.29%
20145.91%-1440.37%

Ring Energy, Inc. (REI) Average ROE

How has REI ROE performed in the past?

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

3-year avg

11.80%

5-year avg

-8.99%

10-year avg

-5.44%

Ring Energy, Inc. (REI) ROE vs. Peers

How is REI’s ROE compared to its peers?

Ring Energy, Inc.’s ROE is less than SilverBow Resources, Inc. (17.54%), less than Vital Energy, Inc. (22.99%), less than Permian Resources Corporation (10.28%), less than Magnolia Oil & Gas Corporation (22.54%), less than SM Energy Company (21.42%), less than Matador Resources Company (22.78%), less than Obsidian Energy Ltd. (5.47%), less than PetroTal Corp. (30.12%), less than VAALCO Energy, Inc. (13.98%), less than Callon Petroleum Company (10.67%), less than Diamondback Energy, Inc. (19.56%), less than Antero Resources Corporation (0.95%), less than Earthstone Energy, Inc. (26.29%), greater than Houston American Energy Corp. (-28.86%), less than Permianville Royalty Trust (17.89%), less than Gran Tierra Energy Inc. (0.85%), less than PHX Minerals Inc. (11.48%),

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