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Ring Energy Inc

Energy US REI

1.97USD
-0.04(1.99%)

Last update at 2024-04-18T20:14:00Z

Day Range

1.962.05
LowHigh

52 Week Range

1.372.54
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 147.04M 3.41M -259.41300M 43.28M 12.45M
Minority interest - - - - -
Net income 138.64M 3.32M -253.41183M 29.50M 9.00M
Selling general administrative 27.46M 16.07M 16.87M 19.87M 12.87M
Selling and marketing expenses - - - - -
Gross profit 220.19M 112.57M 26.62M 80.95M 47.61M
Reconciled depreciation 55.74M 37.17M 43.01M 56.20M 39.02M
Ebit 191.74M 95.76M 8.84M 60.14M 34.23M
Ebitda 247.48M 132.92M 51.85M 116.35M 73.26M
Depreciation and amortization 55.74M 37.17M 43.01M 56.22M 39.02M
Non operating income net other -21.53265M -77.85314M 26.87M -2.98657M -7.08756M
Operating income 191.74M 95.76M 8.84M 60.14M 19.96M
Other operating expenses 155.51M 100.55M 104.18M 135.57M 85.93M
Interest expense 23.17M 14.49M 17.62M 13.87M 0.43M
Tax provision 8.41M 0.09M -6.00118M 13.79M 3.45M
Interest income 44.70M 0.00000M 0.00001M 0.01M 0.10M
Net interest income -23.16773M -14.49047M -17.61761M -13.85205M -0.33004M
Extraordinary items - - - - -
Non recurring - - 277.50M - 14.17M
Other items - - - - -
Income tax expense 8.41M 0.09M -6.00118M 13.79M 3.45M
Total revenue 347.25M 196.31M 113.03M 195.70M 120.07M
Total operating expenses 28.44M 16.81M 17.78M 20.81M 13.47M
Cost of revenue 127.06M 83.74M 86.40M 114.76M 72.46M
Total other income expense net -44.70038M -92.34361M -268.25349M -16.85212M -21.35772M
Discontinued operations - - - - -
Net income from continuing ops 138.64M 3.32M -253.41183M 29.50M 9.00M
Net income applicable to common shares 138.64M 3.32M -253.41183M 29.50M 9.00M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1269.00M 684.16M 663.46M 973.01M 567.07M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 2.10M 938.03M 0.40M 5895.36M 0.26M
Total liab 607.90M 383.53M 368.69M 449.50M 104.47M
Total stockholder equity 661.10M 300.62M 294.77M 523.51M 462.60M
Deferred long term liab 18.98M 1.71M 2.38M 3.21M 0.42M
Other current liab 28.15M 29.24M 3.29M 3.00M -
Common stock 0.18M 0.10M 0.09M 0.07M 0.06M
Capital stock 0.18M 0.10M 0.09M 0.07M 0.06M
Retained earnings -114.31325M -252.94828M -256.27117M -2.85934M -32.35589M
Other liab 49.21M 15.38M 17.99M 22.79M 13.06M
Good will - - - - -
Other assets 24.03M 1.71M 641.14M 3.21M 8.21M
Cash 3.71M 2.41M 3.58M 10.00M 3.36M
Cash and equivalents - - - - -
Total current liabilities 141.16M 76.67M 36.94M 59.09M 51.91M
Current deferred revenue - - - - -
Net debt 415.42M 290.27M 311.34M 359.07M 36.14M
Short term debt 1.61M 1.19M 1.15M 1.46M 0.00000M
Short long term debt 0.50M 0.59M - - -
Short long term debt total 419.13M 292.68M 314.92M 369.07M 39.50M
Other stockholder equity 775.24M 553.47M 550.95M 526.30M 595.47M
Property plant equipment 1180.07M 651.36M 640.28M 929.22M 542.01M
Total current assets 63.17M 29.81M 20.80M 38.71M 16.84M
Long term investments 6.13M - - - -
Net tangible assets 661.10M 300.62M 294.77M 523.51M 462.60M
Short term investments - - - - -
Net receivables 43.43M 26.46M 16.83M 24.72M 13.22M
Long term debt 415.00M 290.00M 313.00M 366.50M 39.50M
Inventory 9.25M -937.09097M - -5891.37674M -
Accounts payable 111.40M 46.23M 32.50M 54.64M 51.91M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -157.07404M -100.57609M
Additional paid in capital - - - - -
Common stock total equity 0.18M 0.10M 0.09M 0.07M 0.06M
Preferred stock total equity - - - - -
Retained earnings total equity -114.31325M -252.94828M -256.27117M -2.85934M -32.35589M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -8474.98762M -88.57853M 2.38M -5431.02359M 0.42M
Deferred long term asset charges - - - - 7.79M
Non current assets total 1205.83M 654.35M 642.66M 934.30M 550.22M
Capital lease obligations 3.63M 2.09M 1.92M 2.57M -
Long term debt total 415.00M 290.34M 313.13M 366.92M 39.50M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -308.88129M -51.23940M -43.83040M -423.04025M -203.42131M
Change to liabilities 48.07M 13.26M -8.38059M 11.02M 3.86M
Total cashflows from investing activities -308.88129M -51.23940M -43.83040M -423.04025M -203.42131M
Net borrowings 106.02M -22.51841M -53.78293M 323.22M 39.50M
Total cash from financing activities 113.21M -22.66213M -34.75485M 323.06M 121.42M
Change to operating activities -3.90489M -2.72875M 2.90M -3.17463M -0.89601M
Net income 138.64M 3.32M -253.41183M 29.50M 9.00M
Change in cash 1.30M -1.17032M -6.42599M 6.64M -11.64286M
Begin period cash flow 2.41M 3.58M 10.00M 3.36M 15.01M
End period cash flow 3.71M 2.41M 3.58M 10.00M 3.36M
Total cash from operating activities 196.98M 72.73M 72.16M 106.62M 70.36M
Issuance of capital stock 8.20M 0.37M 19.38M 0.00000M 81.82M
Depreciation 0.06M 114.85M 319.64M 63.06M 39.02M
Other cashflows from investing activities -177.66549M 2.00M 0.00000M -267.51452M 0.11M
Dividends paid - - - - -
Change to inventory -5.59785M -5.59785M -5.59785M -0.58270M 0.26M
Change to account receivables -17.21415M -9.48364M 7.90M -10.03565M 0.67M
Sale purchase of stock 8.20M 0.57M 19.38M 0.00000M 81.92M
Other cashflows from financing activities 617.91M 61.16M 21.14M 323.22M 39.60M
Change to netincome 37.66M 80.36M 278.05M 19.44M 17.52M
Capital expenditures 131.22M 53.24M 43.83M 155.53M 203.53M
Change receivables -17.21415M -9.48364M 7.90M -10.03565M 0.67M
Cash flows other operating -64.00173M -53.31007M 3.59M -1.44692M -0.31819M
Exchange rate changes - - - - -
Cash and cash equivalents changes 1.30M -1.17032M -6.42599M 6.64M -11.64286M
Change in working capital 26.83M 5.42M 3.10M 0.41M 4.78M
Stock based compensation 7.16M 2.42M 5.36M 3.08M 3.87M
Other non cash items 15.57M -53.54506M 1.44M 0.64M 11.14M
Free cash flow 65.76M 19.49M 28.33M -48.90951M -133.16953M

Fundamentals

  • Previous Close 2.01
  • Market Cap299.31M
  • Volume1217382
  • P/E Ratio5.67
  • Dividend Yield-%
  • EBITDA191.28M
  • Revenue TTM342.45M
  • Revenue Per Share TTM1.88
  • Gross Profit TTM 283.22M
  • Diluted EPS TTM0.27

Peer Comparison

Sector: Energy Industry: Oil & Gas E&P

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
REI
Ring Energy Inc
-0.04 1.99% 1.97 5.67 3.09 0.86 0.42 2.05 3.89
COP
ConocoPhillips
-0.53 0.41% 127.80 12.82 11.12 2.24 2.90 2.47 5.63
EOG
EOG Resources Inc
-0.64 0.48% 131.76 9.09 8.98 3.01 2.57 2.97 5.16
CNQ
Canadian Natural Resources Ltd
-0.37 0.48% 76.85 13.40 10.74 1.93 2.33 1.92 4.71
PEXNY
PTT Exploration & Production
-1.83 13.67% 11.56 25.79 24.51 5.92 3.66 0.05 0.08

Reports Covered

Stock Research & News

Profile

Ring Energy, Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. It had interests in 54,959 net developed acres and 2,337 net undeveloped acres in Andrews, Gaines, Crane, Winkler, and Ward counties, Texas; and 13,930 net developed acres and 12,512 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.

Ring Energy Inc

1725 Hughes Landing Boulevard, The Woodlands, TX, United States, 77380

Key Executives

Name Title Year Born
Mr. Paul D. McKinney CEO & Chairman 1959
Mr. Travis T. Thomas Exec. VP, CFO, Corp. Sec. & Treasurer 1978
Mr. Marinos Christos Baghdati Exec. VP of Operations 1977
Mr. Stephen Donald Brooks Exec. VP of Land, Legal, HR & Marketing 1956
Mr. Alexander Dyes Exec. VP of Engineering & Corp. Strategy 1985
Ms. Hollie Lamb VP of Compliance & GM of the Midland - Texas Office 1976
Al Petrie Officer of Investor Relations NA

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