Ring Energy (REI) Projected to Post Quarterly Earnings on Monday

Ring Energy (NYSEAMERICAN:REI) is projected to announce its Q1 2025 earnings results before the market opens on Monday, May 5th. Analysts expect Ring Energy to post earnings of $0.07 per share and revenue of $85.60 million for the quarter.

Ring Energy Stock Up 2.1 %

NYSEAMERICAN REI opened at $0.92 on Monday. The stock has a market capitalization of $181.69 million, a P/E ratio of 1.61 and a beta of 1.55. Ring Energy has a 52 week low of $0.78 and a 52 week high of $2.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. The stock has a fifty day moving average of $1.10 and a 200-day moving average of $1.37.

Insider Activity at Ring Energy

In other news, major shareholder Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1.23, for a total value of $8,087,250.00. Following the completion of the transaction, the insider now owns 28,945,643 shares of the company’s stock, valued at $35,603,140.89. The trade was a 18.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Crum acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average price of $1.15 per share, with a total value of $57,500.00. Following the transaction, the director now owns 564,125 shares in the company, valued at $648,743.75. This represents a 9.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on REI shares. Industrial Alliance Securities set a $2.50 price objective on Ring Energy in a report on Friday, March 7th. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a report on Friday, March 7th.

Ring Energy Company Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.