Stock REI RING ENERGY, INC.
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Financials Ring Energy, Inc.

Equities

REI

US76680V1089

Oil & Gas Exploration and Production

Real-time Estimate Cboe BZX
Other stock markets
 11:01:25 2024-05-23 am EDT 		5-day change 1st Jan Change
1.795 USD -0.83% Intraday chart for Ring Energy, Inc. +1.70% +22.60%
May. 08 Ring Energy, Inc. Reports Sales Results for the First Quarter Ended March 31, 2024 CI
May. 07 Transcript : Ring Energy, Inc., Q1 2024 Earnings Call, May 07, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 179 53.89 227.2 429.1 285.6 358.3 - -
Enterprise Value (EV) 1 179 365.2 227.2 840.3 712.7 734.1 681.6 358.3
P/E ratio 6 x -0.19 x 76 x 2.51 x 2.7 x 6.24 x 4.16 x 2.59 x
Yield - - - - - - - -
Capitalization / Revenue 0.91 x 0.48 x 1.16 x 1.24 x 0.79 x 0.95 x 0.94 x 0.82 x
EV / Revenue 0.91 x 3.23 x 1.16 x 2.42 x 1.97 x 1.94 x 1.78 x 0.82 x
EV / EBITDA 1.49 x 4.24 x 2.73 x 4.3 x 3.02 x 2.98 x 2.72 x 1.21 x
EV / FCF -4.01 x 13.4 x 14 x 12.8 x - 15.3 x 11.5 x 3.44 x
FCF Yield -24.9% 7.47% 7.16% 7.83% - 6.53% 8.69% 29%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 67,812 81,669 99,640 174,411 195,630 197,937 - -
Reference price 2 2.640 0.6599 2.280 2.460 1.460 1.810 1.810 1.810
Announcement Date 3/16/20 3/16/21 3/16/22 3/9/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 195.7 113 196.3 347.2 361.1 378.9 381.9 435
EBITDA 1 120.4 86.1 83.32 195.2 236 245.9 250.9 296
EBIT 1 60.14 -268.7 95.76 191.7 145.8 149.1 139.8 185
Operating Margin 30.73% -237.7% 48.78% 55.22% 40.38% 39.35% 36.62% 42.53%
Earnings before Tax (EBT) 1 43.28 -259.4 3.413 147 105 80.7 100.4 154
Net income 1 29.5 -253.4 3.323 138.6 104.9 69.8 88.45 146
Net margin 15.07% -224.21% 1.69% 39.92% 29.04% 18.42% 23.16% 33.56%
EPS 2 0.4400 -3.480 0.0300 0.9800 0.5400 0.2900 0.4350 0.7000
Free Cash Flow 1 -44.62 27.28 16.25 65.76 - 47.95 59.25 104
FCF margin -22.8% 24.14% 8.28% 18.94% - 12.66% 15.52% 23.91%
FCF Conversion (EBITDA) - 31.69% 19.51% 33.68% - 19.5% 23.62% 35.14%
FCF Conversion (Net income) - - 489.18% 47.43% - 68.7% 66.99% 71.23%
Dividend per Share - - - - - - - -
Announcement Date 3/16/20 3/16/21 3/16/22 3/9/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 59.67 68.18 84.96 94.41 99.7 88.08 79.35 93.68 99.94 94.5 93.97 93.29 95.84 90.73 91.38
EBITDA 1 23.97 35.56 47.37 55.96 56.34 58.58 53.46 58.58 65.36 62.02 61.42 60.38 62.09 59 59.01
EBIT 1 31.87 38.19 54.15 53.57 45.83 35.65 29.66 39.57 40.9 37.62 36.7 36.05 38.05 36 36
Operating Margin 53.41% 56.01% 63.74% 56.74% 45.97% 40.47% 37.38% 42.24% 40.92% 39.8% 39.06% 38.64% 39.7% 39.68% 39.4%
Earnings before Tax (EBT) 1 24.06 7.191 43.42 79.4 17.03 34.75 22.44 -10.95 58.76 7.244 24.35 23.4 25.8 25 26
Net income 1 24.11 7.112 41.94 75.09 14.49 32.72 28.79 -7.539 50.9 5.515 20.53 21.54 23.68 24 25
Net margin 40.41% 10.43% 49.37% 79.53% 14.54% 37.14% 36.28% -8.05% 50.93% 5.84% 21.85% 23.1% 24.71% 26.45% 27.36%
EPS 2 0.2000 0.0600 0.3200 0.4900 0.0800 0.1700 0.1500 -0.0400 0.2600 0.0300 0.1033 0.1100 0.1200 0.1000 0.1000
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 3/16/22 5/10/22 8/4/22 11/9/22 3/9/23 5/3/23 8/3/23 11/2/23 3/7/24 5/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 311 - 411 427 376 323 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 3.616 x - 2.107 x 1.81 x 1.528 x 1.289 x -
Free Cash Flow 1 -44.6 27.3 16.3 65.8 - 48 59.3 104
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 1.600 0.9600 0.5700 1.220 1.010 1.020 1.030 1.270
Capex 1 152 42.5 53.2 131 - 157 164 161
Capex / Sales 77.73% 37.56% 27.12% 37.79% - 41.34% 42.95% 37.01%
Announcement Date 3/16/20 3/16/21 3/16/22 3/9/23 3/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Ring Energy, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1.81 USD
Average target price
3 USD
Spread / Average Target
+65.75%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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