La cadena de opciones muestra datos clave de las opciones de acciones de Ring Energy a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Ring Energy..

Ring Energy (AMEX:REI) Bolsa, Cadena de Opciones

RING ENERGY INC

Ring Energy

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.

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">FLEX LNG Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLNG#NYSE">FLNG</a>)</h3>
<ul class="wp-block-list">
<li>On May 21, Flex LNG posted better-than-expected quarterly earnings. Marius Foss, Interim CEO of Flex LNG Management AS, said, &#8220;Flex LNG delivered solid results for the first quarter, with revenues of $88.4 million, or $86.8 million excluding EUAs. Net income came in at $18.7 million, translating to earnings per share (EPS) of $0.35 and adjusted net income came in at $29.4 million, or $0.54 per share. As expected, revenue decreased by $3 million compared to Q4 2024 primarily due to lower earnings from Flex Artemis, operating on a variable index hire.&#8221; The company's stock fell around 9% over the past five days and has a 52-week low of $19.46.</li>
<li>RSI Value: 27.9</li>
<li>FLNG Price Action: Shares of FLEX LNG fell 8.2% to close at $22.39 on Wednesday.</li>
<li>Edge Stock Ratings: 24.66 Momentum score with Value at 71.53. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/FLNG"><img loading="lazy" decoding="async" width="486" height="183" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044048/image-277.png" alt="" class="wp-image-924003" style="width:316px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044048/image-277.png 486w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044048/image-277-300x113.png 300w" sizes="(max-width: 486px) 100vw, 486px" /></a></figure>
<h3 class="wp-block-heading">Helmerich and Payne Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul class="wp-block-list">
<li>On May 19, Citigroup analyst Scott Gruber downgraded Helmerich &amp; Payne from Buy to Neutral and lowered the price target from $25 to $19. The company's stock fell around 23% over the past month and <a href="https://www.benzinga.com/quote/HP">has a 52-week low</a> of $15.21.</li>
<li>RSI Value: 23.1</li>
<li>HP Price Action: Shares of Helmerich and Payne fell 5.6% to close at $15.21 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0522">HP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0522"><img loading="lazy" decoding="async" width="927" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044147/image-278.png" alt="" class="wp-image-924007" style="width:622px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044147/image-278.png 927w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044147/image-278-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22044147/image-278-768x698.png 768w" sizes="(max-width: 927px) 100vw, 927px" /></a></figure>
<h3 class="wp-block-heading">Ring Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REI#NYSE">REI</a>)</h3>
<ul class="wp-block-list">
<li>On May 7, Ring Energy posted weaker-than-expected quarterly earnings. Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, &#8220;We&#8217;re excited to kick off 2025 with a strong first quarter, showcasing the flexibility, resilience, and strength of our proven, value-focused strategy amid fluctuating oil prices. Our performance met or surpassed all guidance targets, driven by exceptional oil sales volumes.&#8221; The company's stock fell around 15% over the past five days and has a 52-week<a href="https://www.benzinga.com/quote/REI"> low of $0.74</a>.</li>
<li>RSI Value: 29.9</li>
<li>REI Price Action: Shares of Ring Energy fell 4.2% to close at $0.75 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0522"> REI shares</a>.</li>
</ul>
How do other stocks rank? Get the full <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">BZ Edge Rankings breakdown here</a>.
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Top 3 Energy Stocks That Could Lead To Your Biggest Gains This Quarter

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.06 by 16.67 percent. This is a 50 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $79.09 million which missed the analyst consensus estimate of $80.67 million by 1.95 percent. This is a 16.31 percent decrease over sales of $94.50 million the same period last year.

Earnings

Earnings Misses

Ring Energy Q1 Adj. EPS $0.05 Misses $0.06 Estimate, Sales $79.09M Miss $80.67M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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Earnings Scheduled For May 7, 2025

Guidance

Ring Energy Reduced Capital spending Guidance Range With A Midpoint Decrease Of Over 50% To $18M, Reaffirmed Guidance Range For Oil And Total Sales Volumes

General

Ring Energy Completes Acquisition Of The Lime Rock Permian Basin Assets

Ring Energy Expects 2025 Average Annual Sales Midpoint Of 21,000 Boe/d And 13,900 Boe/d, Up 7% And 5%, Respectively

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) reported quarterly earnings of $0.06 per share which met the analyst consensus estimate. This is a 45.45 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $83.44 million which missed the analyst consensus estimate of $84.21 million by 0.91 percent. This is a 16.51 percent decrease over sales of $99.94 million the same period last year.

Ring Energy Q4 2024 Adj EPS $0.06, Inline, Sales $83.44M Miss $84.21M Estimate

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• Full Truck Alliance Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $419.04 million. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $1.07 billion. 
• CLPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLPS#NASDAQ">CLPS</a>) is estimated to report earnings for its first quarter. 
• EyePoint Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) is expected to report quarterly loss at $0.48 per share on revenue of $11.02 million. 
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• Ocugen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCGN#NASDAQ">OCGN</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $300 thousand. 
• Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is projected to report quarterly earnings at $2.54 per share on revenue of $171.17 million. 
• Broadwind (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWEN#NASDAQ">BWEN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $31.90 million. 
• Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is likely to report quarterly earnings at $0.08 per share on revenue of $1.97 billion. 
• Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) is expected to report quarterly loss at $0.23 per share on revenue of $99.40 million. 
• REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $492.77 million. 
• Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $183.46 million. 
• Campbell`s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $2.74 billion. 
• Nexxen International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXN#NASDAQ">NEXN</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $110.00 million. 
• VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $30.41 million. 
• OppFi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPFI#NYSE">OPFI</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $133.50 million. 
• Riskified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSKD#NYSE">RSKD</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $90.36 million. 
• Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) is projected to report quarterly earnings at $1.35 per share on revenue of $201.09 million. 
• SmartRent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMRT#NYSE">SMRT</a>) is projected to report quarterly loss at $0.03 per share on revenue of $37.78 million. 
• Arbe Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $500 thousand. 
• Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) is likely to report quarterly earnings at $3.29 per share on revenue of $1.52 billion. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is estimated to report earnings for its third quarter. 
• Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.32 billion. 
• Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $149.88 million. 
<h3>Companies Reporting After The Bell</h3>
• Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $635.56 million. 
• Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $86.72 million. 
• Vermilion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VET#NYSE">VET</a>) is likely to report quarterly earnings at $1.67 per share on revenue of $507.35 million. 
• Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $62.00 million. 
• FRP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPH#NASDAQ">FRPH</a>) is likely to report earnings for its fourth quarter. 
• MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $172.52 million. 
• Miller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>) is likely to report quarterly earnings at $1.09 per share on revenue of $290.30 million. 
• Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is estimated to report quarterly earnings at $0.21 per share on revenue of $128.69 million. 
• CompoSecure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $102.50 million. 
• Alto Ingredients (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTO#NASDAQ">ALTO</a>) is projected to report quarterly loss at $0.11 per share on revenue of $222.81 million. 
• Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) is projected to report quarterly loss at $481.50 per share on revenue of $400 thousand. 
• Park-Ohio Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKOH#NASDAQ">PKOH</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $405.85 million. 
• NACCO Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NC#NYSE">NC</a>) is expected to report earnings for its fourth quarter. 
• Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $2.50 million. 
• Forge Global Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRGE#NYSE">FRGE</a>) is likely to report quarterly loss at $0.09 per share on revenue of $20.75 million. 
• Alta Equipment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) is projected to report quarterly loss at $0.25 per share on revenue of $489.80 million. 
• Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) is projected to report quarterly earnings at $0.13 per share on revenue of $112.77 million. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is projected to report quarterly loss at $0.10 per share on revenue of $262.60 million. 
• Ballys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>) is likely to report quarterly loss at $0.17 per share on revenue of $612.38 million. 
• NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNBR#NASDAQ">NNBR</a>) is likely to report quarterly loss at $0.06 per share on revenue of $108.60 million. 
• Climb Global Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMB#NASDAQ">CLMB</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $114.37 million. 
• Aquestive Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQST#NASDAQ">AQST</a>) is expected to report quarterly loss at $0.13 per share on revenue of $13.13 million. 
• Identiv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVE#NASDAQ">INVE</a>) is likely to report quarterly loss at $0.20 per share on revenue of $6.12 million. 
• Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) is likely to report earnings for its fourth quarter. 
• LivePerson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) is likely to report quarterly loss at $0.05 per share on revenue of $68.13 million. 
• TriplePoint Venture Gwth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPVG#NYSE">TPVG</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $26.68 million. 
• Allient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNT#NASDAQ">ALNT</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $119.71 million. 
• ACRES Commercial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACR#NYSE">ACR</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $22.75 million. 
• Sight Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGHT#NASDAQ">SGHT</a>) is estimated to report quarterly loss at $0.19 per share on revenue of $20.29 million. 
• Rayonier Adv Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) is expected to report quarterly loss at $0.19 per share on revenue of $418.50 million. 
• Amplify Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPY#NYSE">AMPY</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $76.54 million. 
• Grindr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $90.74 million. 
• LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) is estimated to report quarterly earnings at $0.63 per share on revenue of $237.32 million. 
• Sleep Number (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $389.75 million. 
• Fortuna Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $308.00 million. 
• Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) is expected to report earnings for its fourth quarter. 
• Enhabit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHAB#NYSE">EHAB</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $259.11 million. 
• Global Water Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWRS#NASDAQ">GWRS</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $12.70 million. 
• Zymeworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYME#NASDAQ">ZYME</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $45.20 million. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is expected to report quarterly earnings at $1.58 per share on revenue of $699.27 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is estimated to report earnings for its fourth quarter. 
• MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $519.45 million. 
• Arq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQ#NASDAQ">ARQ</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $25.70 million. 
• Nine Energy Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NINE#NYSE">NINE</a>) is estimated to report quarterly loss at $0.24 per share on revenue of $135.00 million. 
• Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is estimated to report quarterly earnings at $0.59 per share on revenue of $1.80 billion. 
• Descartes Systems Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGX#NASDAQ">DSGX</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $169.38 million. 
• Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $323.08 million. 
• LandBridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $38.04 million. 
• Riley Exploration Permian (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REPX#AMEX">REPX</a>) is likely to report quarterly earnings at $1.64 per share on revenue of $105.49 million. 
• Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $450.71 million. 
• GeoPark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) is expected to report quarterly earnings at $0.80 per share on revenue of $168.00 million. 
• Orion Office REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONL#NYSE">ONL</a>) is likely to report earnings for its fourth quarter. 
• Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $19.62 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 5, 2025

Ring Energy Entered Into An Agreement To Acquire Central Basin Platform Assets Of Lime Rock Resources For $100M,; Deal Has $80M Of Upfront Cash Consideration, A $10M Deferred Cash Payment Due Nine Months After Closing

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) reported quarterly earnings of $0.07 per share which met the analyst consensus estimate. The company reported quarterly sales of $89.200 million which beat the analyst consensus estimate of $86.737 million by 2.84 percent. This is a 4.78 percent decrease over sales of $93.682 million the same period last year.

Earnings Beats

Ring Energy Q3 2024 Adj. EPS $0.07, Inline, Sales $89.200M Beat $86.737M Estimate

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Ring Energy will report an earnings per share (EPS) of $0.07.
Ring Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 2.34% drop in the share price on the subsequent day.
Here's a look at Ring Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.11</td>
<td>0.1</td>
<td>0.12</td>
<td>0.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.12</td>
<td>0.1</td>
<td>0.11</td>
<td>0.13</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-9.0%</td>
<td>8.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730836918_0.png" alt="eps graph" />
<h3>Performance of Ring Energy Shares</h3>
Shares of Ring Energy were trading at $1.46 as of November 04. Over the last 52-week period, shares are up 8.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/REI/earnings">To track all earnings releases for Ring Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Ring Energy

For the third quarter of 2024, Ring is providing guidance for increased sales volumes, and lower capital spending and operating expense. Ring expects third quarter 2024 sales volumes of 13,200 to 13,800 Bo/d and 19,000 to 19,800 Boe/d (70% oil, 14% natural gas, and 16% NGLs).&nbsp;
The Company is targeting total capital expenditures in third quarter 2024 of $35 million to $45 million, primarily for drilling and completion activity. Additionally, the capital spending program includes funds for targeted capital workovers, infrastructure upgrades, well reactivations, leasing acreage; and non-operated drilling, completion, and capital workovers.
Ring now expects LOE of $10.50 to $11.25 per Boe for both the third quarter and full year. The Company's previous guidance for full year 2024 was $10.50 to $11.50 per Boe.
The guidance in the table below represents the Company's current good faith estimate of the range of likely future results. Guidance could be affected by the factors discussed below in the "Safe Harbor Statement" section.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Q3</td>
<td>FY</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>2024</td>
<td>2024</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Sales Volumes:</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Total Oil (Bo/d)</td>
<td>13,200 - 13,800</td>
<td>13,200 - 13,800</td>
</tr>
<tr>
<td>Mid Point (Bo/d)</td>
<td>13,500</td>
<td>13,500</td>
</tr>
<tr>
<td>Total (Boe/d)</td>
<td>19,000 - 19,800</td>
<td>19,000 - 19,800</td>
</tr>
<tr>
<td>Mid Point (Boe/d)</td>
<td>19,400</td>
<td>19,400</td>
</tr>
<tr>
<td>Oil (%)</td>
<td>70%</td>
<td>70%</td>
</tr>
<tr>
<td>NGLs (%)</td>
<td>16%</td>
<td>16%</td>
</tr>
<tr>
<td>Gas (%)</td>
<td>14%</td>
<td>14%</td>
</tr>
<tr>
<td>Capital Program:</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Capital spending(1) (millions)</td>
<td>$35 - $45</td>
<td>$141 - $161</td>
</tr>
<tr>
<td>Mid Point (millions)</td>
<td>$40</td>
<td>$151</td>
</tr>
<tr>
<td>New Hz wells drilled</td>
<td>7 - 8</td>
<td>19 - 23</td>
</tr>
<tr>
<td>New Vertical wells drilled</td>
<td>6 - 7</td>
<td>22 - 25</td>
</tr>
<tr>
<td>Wells completed and online</td>
<td>11 - 12</td>
<td>41 - 48</td>
</tr>
<tr>
<td>Operating Expenses:</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>LOE (per Boe)</td>
<td>$10.50 - $11.25</td>
<td>$10.50 - $11.25</td>
</tr>
<tr>
<td>Mid Point (per Boe)</td>
<td>$10.88</td>
<td>$10.88</td>
</tr>
</tbody>
</table>
</figure>

Ring Energy Provides Production Guidance

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.11 by 9.09 percent. The company reported quarterly sales of $99.139 million which beat the analyst consensus estimate of $98.532 million by 0.62 percent. This is a 24.94 percent increase over sales of $79.349 million the same period last year.

Ring Energy Q2 2024 Adj. EPS $0.12 Beats $0.11 Estimate, Sales $99.139M Beat $98.532M Estimate

Prompt-month natural gas futures have exceeded $3 per million British thermal units on Monday, marking the highest level since mid-January 2024 and hitting a potential four-day winning streak, spurred by forecasts predicting increased cooling demand due to anticipated <a href="https://www.benzinga.com/topic/natural-gas">warm weather in June.</a>
Last week, natural gas prices rose by 12.8%, and are currently eyeing the seventh week of gains out of last eight.
&#8220;With a blanket of heat stalling over the southern part of the country, market bulls maintained control,&#8221; said Jodi Shafto, senior natural gas reporter at Natural Gas Intel.
Chart: US Natural Gas Price Have Rallied 95% Since Late April&#8217;s Lows
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10114654/image-25-1024x500.png" alt="" class="wp-image-380056" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10114654/image-25-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10114654/image-25-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10114654/image-25-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10114654/image-25-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10114654/image-25.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
NatGasWeather highlighted that much of the country is expected to experience temperatures ranging from the upper 70s and 80s in the Midwest and Northeast to the upper 80s and 90s elsewhere, with extreme heat in California and Texas reaching the mid-100s.
The American forecast model predicts significantly above-average temperatures from Monday, June 17 to Monday, June 24. 
"Either way, the pattern is hot enough for stronger-than-normal demand," NatGasWeather said. This trend is anticipated to reduce natural gas storage surpluses to around 450 billion cubic feet (Bcf) or slightly below by the end of the month, according to NatGasWeather.
In the week ending May 31, U.S. utilities added 98 Bcf of gas to storage, surpassing market expectations of an 89 Bcf increase. This was the ninth consecutive week of seasonal storage increases, bringing the total stockpiles to 2,893 Bcf. This level is 373 Bcf higher than the same period last year and 581 Bcf, or 25%, above the five-year average of 2,312 Bcf.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The weekend GFS lost a few CDDs, although the ECMWF gained a few. Both forecast light to moderate national demand through Thursday but then both are quite hot with the US pattern for the 3rd week of June, just with the EC numerous CDDs hotter compared to the GFS. <a href="https://twitter.com/hashtag/natgas?src=hash&amp;ref_src=twsrc%5Etfw">#natgas</a> <a href="https://t.co/d28vw0jcka">pic.twitter.com/d28vw0jcka</a>
&mdash; NatGasWeather.com (@NatGasWeather) <a href="https://twitter.com/NatGasWeather/status/1799878153105715478?ref_src=twsrc%5Etfw">June 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers In The Energy Sector</h3>
Companies involved in the natural gas market outperformed oil-related stocks on Monday. 
<ul>
<li>Tellurian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NYSE">TELL</a>) skyrocketed 13.5%, extending a 5-day rally started last week following rumors that Saudi giant Aramco was in discussion with the company for a liquified natural gas (LNG) project. </li>
<li>Ring Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REI#NYSE">REI</a>) rallied 3.9%</li>
<li>Comstock Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRK#NYSE">CRK</a>), soared 3.8%</li>
<li>Matador Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>) was up 3.7%</li>
<li>Antero Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) rose 3.5%.</li>
<li>Obsidian Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBE#NYSE">OBE</a>) was 3.1% higher. </li>
</ul>
The United States Natural Gas Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>), which mirrors the performance of Henry Hub natural gas prices, increased by 4.7%, while the First Trust Natural Gas ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCG#NYSE">FCG</a>), tracking the performance of 48 natural gas companies, rose by 2%.
The broader Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 1.1%. 
Read now: <a href="https://www.benzinga.com/markets/equities/24/05/38968653/exxons-texas-lng-project-faces-major-setback-as-lead-contractor-files-for-bankruptcy">Exxon&#8217;s Texas LNG Project Faces Major Setback As Lead Contractor Files For Bankruptcy</a>
Image generated using artificial intelligence via Midjourney.

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US Natural Gas Prices Rise To 5-Month Highs On Hot Weather Forecasts: Energy Stocks On The Move Monday

For full year 2024, Ring continues to expect total capital spending of&nbsp;$135 million&nbsp;to&nbsp;$175 million.&nbsp;The Company forecasts full year 2024 oil sales volumes of 12,600 to 13,300 Bo/d compared with full year 2023 oil sales volumes of 12,548 Bo/d, with the mid-point of&nbsp;guidance&nbsp;reflecting a&nbsp;3%&nbsp;increase.
Ring expects&nbsp;second quarter&nbsp;2024 sales volumes of 13,000 to 13,400 Bo/d and 18,500 to 19,100 Boe/d (70%&nbsp;oil,&nbsp;15%&nbsp;natural gas, and&nbsp;15%&nbsp;NGLs). The Company is targeting total capital expenditures in the&nbsp;second quarter&nbsp;of 2024 of&nbsp;$37 million&nbsp;to&nbsp;$42 million.

Ring Energy Reiterates Full Year 2024 Guidance

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) reported quarterly earnings of $0.10 per share which met the analyst consensus estimate. This is a 23.08 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $94.503 million which beat the analyst consensus estimate of $91.158 million by 3.67 percent. This is a 7.29 percent increase over sales of $88.083 million the same period last year.

Ring Energy Q1 2024 GAAP EPS $0.10, Inline, Sales $94.503M Beat $91.158M Estimate

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) reported quarterly earnings of $0.110 per share which missed the analyst consensus estimate of $0.120 by 8.33 percent. The company reported quarterly sales of $99.943 million which beat the analyst consensus estimate of $97.121 million by 2.91 percent. This is a 0.25 percent increase over sales of $99.698 million the same period last year.

Ring Energy Q4 2023 Adj EPS $0.110 Misses $0.120 Estimate, Sales $99.943M Beat $97.121M Estimate

Ring Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/REI#AMEX">REI</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-07. Here's what investors need to know before the announcement.
Analysts estimate that Ring Energy will report an earnings per share (EPS) of $0.12. 
Ring Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 2.84% drop in the share price the next day.
Here's a look at Ring Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.12</td>
<td>0.10</td>
<td>0.12</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.14</td>
<td>0.14</td>
<td>0.13</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>-7.000000000000001%</td>
<td>5.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709740891_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Ring Energy were trading at $1.4 as of March 05. Over the last 52-week period, shares are down 29.4%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/REI/earnings">To track all earnings releases for Ring Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Ring Energy

Ring Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REI#NYSE">REI</a>) (&quot;Ring&quot; or the &quot;Company&quot;) today provided an operational and financial update for the&nbsp;fourth quarter&nbsp;of 2023, as well as production and capital spending&nbsp;guidance&nbsp;for the&nbsp;first quarter&nbsp;of 2024.
Key&nbsp;Highlights
<ul>
<li>Fourth quarter&nbsp;2023 sales volumes were approximately 19,400 barrels of oil equivalent per day (&quot;Boe/d&quot;) (70%&nbsp;oil), near the high end of the Company&#39;s&nbsp;guidance, which was 18,900 to 19,500 Boe/d;</li>
<li>Positively impacting&nbsp;fourth quarter&nbsp;sales was three full months of production from the recently completed acquisition of the Founders Oil &amp; Gas IV, LLC (&quot;Founders&quot; and the &quot;Founders Acquisition&quot;) assets that closed on August 15, 2023, as well as the success of the Company&#39;s 2023 development program that concluded in late November;</li>
<li>Further reduced debt by&nbsp;$3.0 million&nbsp;in the&nbsp;fourth quarter&nbsp;of 2023, while also funding the&nbsp;$11.9 million&nbsp;final payment in December for the Founders Acquisition;
<ul>
<li>Ended 2023 with&nbsp;$425 million&nbsp;of borrowings against the Company&#39;s credit facility;</li>
</ul>
</li>
<li>Guiding&nbsp;first quarter&nbsp;2024 average sales to be 18,000 to 18,500 Boe/d (~69%&nbsp;oil);
<ul>
<li>Impacting the Company&#39;s sales to date was deferred production of approximately 1,900 Boe/d for 10 days, which was associated with recent severe cold winter weather. Production has since been restored;</li>
<li>Ring completed its 2023 drilling program in late November and initiated its 2024 program in early January, with the first well expected to be online in February; and</li>
</ul>
</li>
<li>Anticipate&nbsp;first quarter&nbsp;capital spending of&nbsp;$37 million&nbsp;to&nbsp;$42 million, primarily associated with a phased, two-rig drilling program (one horizontal and one vertical);
<ul>
<li>Plan to drill four to five horizontal wells and four to six vertical wells. 
		&nbsp;</li>
</ul>
</li>
</ul>
Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, &quot;We enjoyed record sales during the&nbsp;fourth quarter&nbsp;of 2023 near the high end of&nbsp;guidance, but more importantly exceeded the high end of our expectations for crude oil sales. The result was an outstanding&nbsp;fourth quarter&nbsp;and we look forward to reporting our full results in early March. Contributing to our success in the period was a full quarter of production impact from our recent Founders Acquisition, as well as the ongoing success of our 2023 drilling program that concluded in late November. In addition, we paid down debt by&nbsp;$3.0 million&nbsp;while making our final deferred payment of&nbsp;$11.9 million&nbsp;for the Founders Acquisition. Debt reduction remains a key priority for the Company, and our targeted acquisitions in 2022 and 2023 are allowing us to pay down debt at a much faster rate than we would have done on a standalone basis.&quot;
Mr. McKinney concluded, &quot;As we enter 2024, we intend to retain the flexibility to adjust capital spending levels commensurate with changing oil and gas prices. We began 2024 with a phased, two-rig drilling program, targeting our highest rate-of-return horizontal and vertical drilling inventory. This approach provides us with the flexibility necessary to respond to changing market conditions. As in the past, our efforts are squarely focused on enhancing the financial position of the Company, with further debt reduction a top priority. We appreciate the support of our stockholders and look forward to a successful 2024.&quot;

Ring Energy Reports Record Fourth Quarter Sales, Achieving Near-Top Guidance and Debt Reduction

Ring Energy Disclosed The Borrowing Base Being Reaffirmed At $600M Under Its $1.0B Senior Revolving Credit Facility

Press Releases

EnerCom Opens Registration for the 30th Annual EnerCom Denver - The Energy Investment Conference

Ring Energy Announces First Quarter 2025 Results and Provides Updated 2025 Outlook

EnerCom Announces Premier Networking Events at the 30th Annual EnerCom Denver - The Energy Investment Conference, Including Charity Golf, Monday Cocktail Mixer, and Casino Night

Financing

Ring Energy Announces Credit Facility Extension and Amendment

EnerCom Announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th Annual EnerCom Denver - The Energy Investment Conference

Ring Energy Selects Veriforce® as Exclusive Contractor Management Partner to Streamline Safety and Compliance Operations

EnerCom Denver Releases Full Presenter Lineup for Landmark 30th Energy Investment Conference

Ring Energy to Participate in Water Tower Research Fireside Chat on July 15, 2025

Ring Energy Announces Timing of Second Quarter 2025 Earnings Release and Conference Call

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