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Ring Energy (REI)

(Delayed Data from AMEX)

$1.63 USD

1.63
1,499,220

-0.02 (-1.21%)

Updated Dec 1, 2023 04:00 PM ET

After-Market: $1.63 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.96%
2Buy17.61%
3Hold8.96%
4Sell4.80%
5Strong Sell2.32%
S&P50010.64%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 35% (89 out of 251)

Industry: Oil and Gas - Exploration and Production - United States

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Balance Sheet

Research for REI

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Ring Energy, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Assets          
Cash & Equivalents 4 2 4 10 3
Receivables 43 26 17 25 13
Notes Receivable 0 0 0 0 0
Inventories 9 0 0 0 0
Other Current Assets 7 1 0 4 0
Total Current Assets 63 30 21 39 17
Net Property & Equipment 1,180 651 639 929 542
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 6 0 0 0 0
Deferred Charges 18 2 2 3 8
Intangibles 0 0 0 0 0
Deposits & Other Assets 0 0 0 0 0
Total Assets 1,269 684 663 973 567
Liabilities & Shareholders Equity 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Notes Payable 1 1 0 0 0
Accounts Payable 111 46 33 55 52
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 1 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 15 0 0 0 0
Other Current Liabilities 13 29 3 3 0
Total Current Liabilities 141 77 37 59 52
Mortgages 0 0 0 0 0
Deferred Taxes/Income 9 0 0 6 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 415 290 313 367 40
Non-Current Capital Leases 1 0 0 0 0
Other Non-Current Liabilities 41 15 18 17 13
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 608 384 369 450 104
Shareholders Equity 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 775 553 551 526 495
Retained Earnings -114 -253 -256 -3 -32
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 661 301 295 524 463
Total Liabilities & Shareholder's Equity 1,269 684 663 973 567
Total Common Equity 661 301 295 524 463
Shares Outstanding 174.40 99.60 81.60 67.80 63.20
Book Value Per Share 3.79 3.02 3.61 7.72 7.32

Fiscal Year End for Ring Energy, Inc falls in the month of December.

All items in Millions except Per Share data.

9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Assets          
Cash & Equivalents 0 2 2 4 1
Receivables 49 35 40 43 48
Notes Receivable 0 0 0 0 0
Inventories 6 7 9 9 0
Other Current Assets 4 11 8 7 17
Total Current Assets 59 55 58 63 65
Net Property & Equipment 1,281 1,199 1,198 1,180 1,154
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 6 11 7 6 12
Deferred Charges 14 15 17 18 19
Intangibles 0 0 0 0 0
Deposits & Other Assets 0 0 0 0 0
Total Assets 1,363 1,282 1,281 1,269 1,251
Liabilities & Shareholders Equity 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Notes Payable 1 1 0 1 1
Accounts Payable 110 90 100 111 87
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 1 1 1 1 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 15 0 0 15 15
Other Current Liabilities 24 8 9 13 24
Total Current Liabilities 152 101 110 141 127
Mortgages 0 0 0 0 0
Deferred Taxes/Income 1 4 10 9 6
Convertible Debt 0 0 0 0 0
Long-Term Debt 428 397 422 415 435
Non-Current Capital Leases 1 1 1 1 1
Other Non-Current Liabilities 47 37 41 38
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 630 543 582 608 607
Shareholders Equity 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Preferred Stock 0 0 0 0 138
Common Stock (Par) 0 0 0 0 0
Capital Surplus 794 791 781 775 635
Retained Earnings -60 -53 -82 -114 -129
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 733 739 699 661 644
Total Liabilities & Shareholder's Equity 1,363 1,282 1,281 1,269 1,251
Total Common Equity 733 739 699 661 506
Shares Outstanding 195.30 195.10 180.60 174.40 174.10
Book Value Per Share 3.76 3.79 3.87 3.79 2.91