Ring EnergyREI
REI
About: Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.
Employees: 108
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3,809% more call options, than puts
Call options by funds: $9.73M | Put options by funds: $249K
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
13% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 47
10% more funds holding
Funds holding: 141 [Q2] → 155 (+14) [Q3]
0.45% more ownership
Funds ownership: 51.2% [Q2] → 51.66% (+0.45%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
4% less capital invested
Capital invested by funds: $171M [Q2] → $164M (-$7.5M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for REI.
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
RioCan: A Retail Real Estate King With A Safe, Well-Covered Dividend
RioCan holds 186 prime retail and mixed-use properties across major Canadian cities, with high-demand supporting rising rents and property values. The REIT boasts a 97.8% overall occupancy rate and high-quality tenants like Loblaws and Walmart, ensuring stable cash flows. The latest Q3 results showed growth in FFO, driven by strong leasing activity and operational improvements.
Neutral
GlobeNewsWire
3 weeks ago
Ring Energy Announces Addition to Management Team
THE WOODLANDS, Texas, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the addition of a new senior technical executive.
Positive
Seeking Alpha
1 month ago
Ring Energy: APA Transaction Points To Potential Upside
APA sold CBP and NW Shelf assets for $950 million. The metrics for this deal suggest a valuation for Ring's shares that could be approximately 50% to 100% higher than its current share price. Ring will likely need to reduce its leverage without significant dilution to achieve this potential upside, though.
Neutral
Seeking Alpha
1 month ago
RioCan Real Estate Investment Trust (RIOCF) Q3 2024 Earnings Call Transcript
RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Jennifer Suess - Senior Vice President, General Counsel, ESG and Corporate Secretary Jonathan Gitlin - President and Chief Executive Officer Dennis Blasutti - Chief Financial Officer Oliver Harrison - Senior Vice President, Leasing and Tenant Experience Andrew Duncan - Chief Investment Officer John Ballantyne - Chief Operating Officer Conference Call Participants Sam Damiani - TD Cowen Lorne Kalmar - Desjardins Mark Rothschild - Canaccord Mike Markidis - BMO. Pammi Bir - RBC Mario Saric - Scotiabank Matt Kornack - National Bank Financial Gaurav Mathur - Green Street Advices Dean Wilkinson - CIBC Operator Good day, ladies and gentlemen, and welcome to the RioCan Real Estate Investment Trust Third Quarter 2024 Conference Call and Webcast.
Positive
Seeking Alpha
1 month ago
Ring Energy: Founders Acquisition Has Paid Off
Ring Energy's Founders acquisition increased production and profitability, aiding debt repayment despite being financed entirely with debt. The startup of the Matterhorn Express Pipeline will improve natural gas prices. REI maintains low breakeven costs, around $30–35 per well.
Neutral
Seeking Alpha
1 month ago
Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript
Ring Energy, Inc. (NYSE:REI ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chief Executive Officer and Chairman of the Board Travis Thomas - Executive Vice President, Chief Financial Officer, Corporate Secretary & Treasurer Alexander Dyes - Executive Vice President of Engineering and Corporate Strategy Shawn Young - Vice President of Operations Conference Call Participants Neal Dingmann - Truist Securities Jeffrey Grampp - Alliance Global Partners John White - ROTH Capital Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good day and welcome to the Ring Energy Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Positive
Zacks Investment Research
1 month ago
Ring Energy (REI) Tops Q3 Earnings and Revenue Estimates
Ring Energy (REI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.13 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook
~ Q3 2024 Highlighted by Record Sales, Strategic Divestiture and Meaningful Debt Reduction ~ THE WOODLANDS, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for third quarter 2024 and provided an outlook for the fourth quarter and updated guidance for the full year. Third Quarter 2024 Highlights Produced record sales of 20,108 barrels of oil equivalent per day (“Boe/d”) (66% oil) exceeding the high end of guidance; Oil sales were 13,204 Bo/d which were within guidance; Reported net income of $33.9 million, or $0.17 per diluted share, and Adjusted Net Income1 of $13.4 million, or $0.07 per diluted share; Incurred Lease Operating Expense (“LOE”) of $10.98 per Boe, near the midpoint of guidance; Recorded Adjusted EBITDA1 of $54.0 million; Divested non-core vertical wells and associated facilities in the Central Basin Platform for $5.5 million with a valuation of approximately 5.6 times estimated next twelve months cash flow2; Guidance updated to reflect the impact of the divestiture; Successful development campaign resulted in capital spending of $42.7 million (guidance was $35 million to $45 million) with 13 wells drilled and 11 wells completed and placed on production during the quarter; Generated third quarter Adjusted Free Cash Flow1 of $1.9 million; Remained cash flow positive for the 20th consecutive quarter; Ended the period with $392.0 million in outstanding borrowings on the Company's credit facility, reflecting a paydown of $15.0 million during the third quarter, $33.0 million YTD; and Increased liquidity to a record $208.0 million and Leverage Ratio3 remained at 1.59x as of September 30, 2024.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate Ring Energy (REI) to Report a Decline in Earnings: What to Look Out for
Ring Energy (REI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
1 month ago
Ring Energy Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
THE WOODLANDS, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2024 earnings release and conference call.
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