Ring Energy, Inc. (REI) Stock

Ring Energy, Inc. (REI) is a Energy stock trading at $1.48 (as of 2026-08-20), with a market capitalization of $308.88M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ring Energy, Inc. is an oil and natural gas exploration and production company focused on acquiring, exploring, developing, and producing resources in Texas and New Mexico. It sells its production to end users, marketers, and other purchasers.

Understand Ring Energy, Inc.: how it makes money

Ring Energy, Inc. explores for and produces oil and natural gas in Texas and New Mexico, and it makes money primarily by selling crude oil produced from its operated assets (oil revenue).

For an oil producer like Ring Energy, the profit model is driven by how many barrels of oil it sells each day, multiplied by the realized oil sales captured in oil revenue, then reduced by lease operating costs on a per-barrel basis.

Revenue by segment (latest quarter)
Oil$0.1B
Other$0.0B

Business quality (Weak): Operationally, the company reports oil sales and related production and cost metrics, but profitability in the latest quarter was sharply negative, so investor focus should be on whether volumes and cost per barrel trend in the right direction.

Bull case

  • Clear operating focus on oil sales: The company tracks barrels of oil sold per day (and barrels of oil equivalent sold per day), which ties directly to how much product it converts into revenue.
  • Large established resource base: As of December 31, 2021, proved reserves were approximately 77.8 million barrels of oil equivalent.
  • Cost and efficiency initiatives are measurable: It reports lease operating expense per barrel of oil equivalent and an initial operational synergies lease operating expense reduction metric, suggesting management is tracking cost improvements.

Bear case

  • Profitability is materially negative: In the latest quarter, operating margin was -192.5%, indicating operating losses.
  • Lease operating cost per barrel is a key pressure point: Lease Operating Expense per Barrel of Oil Equivalent is reported (10.41), so earnings sensitivity to operating cost remains a risk if costs do not decline.
  • Small revenue base: Latest quarter revenue is 0.1 billion, with oil revenue at 0.08 billion, which can make the results more volatile if production or pricing conditions shift.
Valuation — source: SEC EDGAR (first-party)
Price$1.48
Market Cap$308.88M
Price / Book0.50
Price / Sales0.98
DCF Value (model)$21.32
DCF Upside vs Price1345.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$307.18M
Net Margin-11.3%
Revenue Growth (YoY)-16.1%
EPS Growth (YoY)-150.0%
Financial Health — source: SEC EDGAR
Altman Z-Score0.45 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($18.04M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOPaul D. McKinney
Employees115
CountryUS
IPO Date2007-04-10

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REI earnings history · REI institutional & insider holders · REI KPIs & operating metrics · REI financials · REI investor presentations & press releases · REI SEC filings · REI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.