(REI) Ring Energy - Overview

Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE MKT (USA) | Market Cap: 355m USD | Total Return: 84% in 12m

Crude Oil, Natural Gas, Natural Gas Liquids
Total Rating 42
Safety 15
Buy Signal 0.44
Oil & Gas E&P
Industry Rotation: +31.3
Market Cap: 355M
Avg Turnover: 8.62M
Risk 3d forecast
Volatility87.4%
VaR 5th Pctl15.7%
VaR vs Median9.03%
Reward TTM
Sharpe Ratio1.17
Rel. Str. IBD82.7
Rel. Str. Peer Group55.6
Character TTM
Beta1.145
Beta Downside1.824
Hurst Exponent0.490
Drawdowns 3y
Max DD69.83%
CAGR/Max DD-0.13
CAGR/Mean DD-0.23
EPS (Earnings per Share) EPS (Earnings per Share) of REI over the last years for every Quarter: "2021-03": 0.07, "2021-06": 0.07, "2021-09": 0.07, "2021-12": 0.1, "2022-03": 0.18, "2022-06": 0.24, "2022-09": 0.28, "2022-12": 0.13, "2023-03": 0.14, "2023-06": 0.14, "2023-09": 0.13, "2023-12": 0.11, "2024-03": 0.1, "2024-06": 0.12, "2024-09": 0.07, "2024-12": 0.06, "2025-03": 0.05, "2025-06": 0.05, "2025-09": 0.06, "2025-12": 0.02, "2026-03": 0.04,
EPS CAGR: -39.91%
EPS Trend: -98.8%
Last SUE: 1.79
Qual. Beats: 1
Revenue Revenue of REI over the last years for every Quarter: 2021-03: 39.502532, 2021-06: 47.760102, 2021-09: 49.376176, 2021-12: 59.667156, 2022-03: 68.181032, 2022-06: 84.961875, 2022-09: 94.408948, 2022-12: 99.697682, 2023-03: 88.082912, 2023-06: 79.348573, 2023-09: 93.681798, 2023-12: 99.942718, 2024-03: 94.503136, 2024-06: 99.139349, 2024-09: 89.244383, 2024-12: 83.440546, 2025-03: 79.091207, 2025-06: 82.602759, 2025-09: 78.601336, 2025-12: 66.88277, 2026-03: 73.671664,
Rev. CAGR: -6.77%
Rev. Trend: -77.6%
Last SUE: 1.70
Qual. Beats: 1

Warnings

Interest Coverage Ratio 0.6 is critical

Beneish M-Score 1.00 > -1.5 - likely earnings manipulation

Altman Z'' -1.15 < 1.0 - financial distress zone

Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: REI Ring Energy

Ring Energy, Inc. is an independent exploration and production (E&P) company focused on the acquisition and development of oil and natural gas properties. Headquartered in The Woodlands, Texas, the company operates primarily within the Permian Basin, maintaining significant acreage across several counties in West Texas and Southeast New Mexico. Its business model centers on the conventional and unconventional extraction of hydrocarbons, which are sold to end users and midstream marketers.

The E&P sector is characterized by high capital intensity and sensitivity to global commodity price fluctuations. Ring Energy specifically utilizes horizontal drilling and proppant-intensive completion techniques to maximize recovery from its net developed and undeveloped holdings. Investors can further evaluate the companys financial health and valuation metrics on ValueRay.

Originally incorporated as Transglobal Mining Corp., the entity rebranded as Ring Energy in 2008. The company’s operational footprint includes over 80,000 net developed acres, positioning it as a pure-play operator in one of the most prolific oil-producing regions in the United States.

Headlines to Watch Out For
  • Fluctuations in West Texas Intermediate crude oil prices dictate top-line revenue growth
  • Strategic Permian Basin acquisitions drive production volume and proven reserve expansion
  • High leverage and debt servicing costs impact free cash flow and valuation
  • Operational efficiency in horizontal drilling reduces break-even costs per barrel produced
  • Regional pipeline capacity constraints and midstream infrastructure affect realized commodity pricing
Piotroski VR-10 (Strict) 3.5
Net Income: -264.4m TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -3.97 > 1.0
NWC/Revenue: -29.36% < 20% (prev -15.69%; Δ -13.66% < -1%)
CFO/TA 0.12 > 3% & CFO 148.4m > Net Income -264.4m
Net Debt (429.8m) to EBITDA (123.7m): 3.48 < 3
Current Ratio: 0.40 > 1.5 & < 3
Outstanding Shares: last quarter (207.0m) vs 12m ago 2.94% < -2%
Gross Margin: 56.50% > 18% (prev 0.43%; Δ 5.61k% > 0.5%)
Asset Turnover: 21.86% > 50% (prev 23.31%; Δ -1.44% > 0%)
Interest Coverage Ratio: 0.62 > 6 (EBITDA TTM 123.7m / Interest Expense TTM 44.4m)
Altman Z'' -1.15
A: -0.07 (Total Current Assets 59.3m - Total Current Liabilities 147.9m) / Total Assets 1.25b
B: -0.15 (Retained Earnings -191.6m / Total Assets 1.25b)
C: 0.02 (EBIT TTM 27.3m / Avg Total Assets 1.38b)
D: -0.30 (Book Value of Equity -191.4m / Total Liabilities 632.7m)
Altman-Z'' = -1.15 = CCC
Beneish M 1.00
DSRI: 1.43 (Receivables 46.6m/37.8m, Revenue 301.8m/350.9m)
GMI: 0.76 (GM 56.50% / 42.69%)
AQI: 119.8 (AQ_t 0.95 / AQ_t-1 0.01)
SGI: 0.86 (Revenue 301.8m / 350.9m)
TATA: -0.33 (NI -264.4m - CFO 148.4m) / TA 1.25b)
Beneish M = 67.10 (Cap -4..+1) = D
What is the price of REI shares?

As of May 24, 2026, the stock is trading at USD 1.36 with a total of 3,838,363 shares traded.
Over the past week, the price has changed by +1.47%, over one month by -6.12%, over three months by +6.15% and over the past year by +84.00%.

Is REI a buy, sell or hold?

Ring Energy has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold REI.

  • StrongBuy: 0
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the REI price?
Analysts Target Price 2.5 83.8%
Ring Energy (REI) - Fundamental Data Overview as of 21 May 2026
P/E Forward = 7.5529
P/S = 1.2364
P/B = 0.5551
P/EG = 1.82
Revenue TTM = 301.8m USD
EBIT TTM = 27.3m USD
EBITDA TTM = 123.7m USD
Long Term Debt = 426.0m USD (from longTermDebt, last quarter)
Short Term Debt = 1.23m USD (from shortTermDebt, last quarter)
Debt = 430.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.41m
Net Debt = 429.8m USD (calculated: Debt 430.8m - CCE 1.04m)
Enterprise Value = 785.2m USD (355.4m + Debt 430.8m - CCE 1.04m)
Interest Coverage Ratio = 0.62 (Ebit TTM 27.3m / Interest Expense TTM 44.4m)
EV/FCF = -30.63x (Enterprise Value 785.2m / FCF TTM -25.6m)
FCF Yield = -3.26% (FCF TTM -25.6m / Enterprise Value 785.2m)
FCF Margin = -8.50% (FCF TTM -25.6m / Revenue TTM 301.8m)
Net Margin = -87.63% (Net Income TTM -264.4m / Revenue TTM 301.8m)
Gross Margin = 56.50% ((Revenue TTM 301.8m - Cost of Revenue TTM 131.3m) / Revenue TTM)
Gross Margin QoQ = 62.43% (prev 28.66%)
Tobins Q-Ratio = 0.63 (Enterprise Value 785.2m / Total Assets 1.25b)
Interest Expense / Debt = 10.29% (Interest Expense 44.4m / Debt 430.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = 21.6m (EBIT 27.3m * (1 - 21.00%))
Current Ratio = 0.40 (Total Current Assets 59.3m / Total Current Liabilities 147.9m)
Debt / Equity = 0.69 (Debt 430.8m / totalStockholderEquity, last quarter 622.0m)
Debt / EBITDA = 3.48 (Net Debt 429.8m / EBITDA 123.7m)
 Debt / FCF = -16.76 (negative FCF - burning cash) (Net Debt 429.8m / FCF TTM -25.6m)
 Total Stockholder Equity = 801.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -19.16% (Net Income -264.4m / Total Assets 1.25b)
RoE = -26.64% (Net Income TTM -264.4m / Total Stockholder Equity 992.5m)
RoCE = 1.92% (EBIT 27.3m / Capital Employed (Equity 992.5m + L.T.Debt 426.0m))
RoIC = 1.95% (NOPAT 21.6m / Invested Capital 1.11b)
WACC = 8.98% (E(355.4m)/V(786.2m) * Re(10.01%) + D(430.8m)/V(786.2m) * Rd(10.29%) * (1-Tc(0.21)))
Discount Rate = 10.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.55 | Cagr: 2.03%
 [DCF] Fair Price = unknown (Cash Flow -25.6m)
 EPS Correlation: -98.82 | EPS CAGR: -39.91% | SUE: 1.79 | # QB: 1
Revenue Correlation: -77.65 | Revenue CAGR: -6.77% | SUE: 1.70 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.04 | Chg30d=N/A | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.05 | Chg30d=N/A | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.18 | Chg30d=+125.00% | Revisions=+20% | GrowthEPS=-5.3% | GrowthRev=-0.3%
EPS next Year (2027-12-31): EPS=0.29 | Chg30d=+61.11% | Revisions=+20% | GrowthEPS=+61.1% | GrowthRev=+17.2%
[Analyst] Revisions Ratio: +20%