Ring Energy Inc REI Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

McKinney Paul D.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-142,452

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

McKinney Paul D.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

585,012

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Dyes Alexander

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Dyes Alexander

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Brooks Stephen Donald

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Brooks Stephen Donald

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Baghdati Marinos Christos

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Baghdati Marinos Christos

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Thomas Travis

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Thomas Travis

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--

Filings by filing date

Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

McKinney Paul D.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-142,452

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

McKinney Paul D.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

585,012

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Dyes Alexander

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Dyes Alexander

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Brooks Stephen Donald

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Brooks Stephen Donald

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Baghdati Marinos Christos

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Baghdati Marinos Christos

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Thomas Travis

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-35,614

Price:

$1.42
Mar 06, 2024 (filed on Mar 08, 2024)

Insider Name:

Thomas Travis

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

146,253

Price:

--

News

Biz Brief

Sector: Energy	Industry: Oil & Gas Exploration and Production

See Regulatory Filings on SEC

Company Contact

Address:	1725 Hughes Landing Blvd., Suite 900 THE WOODLANDS TX 77380
Tel:	1-281-9752146
Website:	https://ringenergy.com
IR:	See website

Key People

Paul D. Mckinney Chairman of the Board, Chief Executive Officer	Travis T. Thomas Chief Financial Officer, Executive Vice President, Treasurer, Company Secretary	Stephen D. Brooks Executive Vice President of Land, Legal, Human Resources and Marketing
Marinos C. Baghdati Executive Vice President of Operations	Alexander Dyes Executive Vice President - Engineering and Corporate Strategy

Business Overview

Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).

Financial Overview

For the fiscal year ended 31 December 2023, Ring Energy Inc revenues increased 4% to $361.1M. Net income decreased 24% to $104.9M. Revenues reflect Oil segment increase of 9% to $349M, Crude Oil Production-Central Basin Platf increase of 67% to 2.3M barrels, Oil Equivalent Production (Units/day)-Ce increase of 95% to 10K barrels per day. Net income was offset by deprication increase of 59% to $87.8M (expense).

Employees:	108 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$830.89M as of Dec 31, 2023
Annual revenue (TTM):	$361.06M as of Dec 31, 2023
EBITDA (TTM):	$234.39M as of Dec 31, 2023
Net annual income (TTM):	$104.86M as of Dec 31, 2023
Free cash flow (TTM):	$42.96M as of Dec 31, 2023
Net Debt Last Fiscal Year:	$427.10M as of Dec 31, 2023
Shares outstanding:	197,934,202 as of Mar 7, 2024
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization