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Ring Energy, Inc. (REI) stock

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NYSE: REI NYSE Oil & Gas Exploration & Production Next results ~November 5, 2026

D Fundamentals grade

Ring Energy, Inc. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

Ring Energy, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling2 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds92 adding, 57 cuttingOf 38 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ring Energy files

Where Ring Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $324m, down 3.2% on a year earlier, a smaller fall than the 14.0% decline a quarter earlier. Free-cash-flow margin held at 46.2%. Operating margin narrowed to -53.0% from 29.7%. The diluted share count is up 6.0% on a year earlier, which dilutes existing holders. It passes 0 of our 3 financial-health checks.

Our model value for Ring Energy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Ring Energy, Inc.'s trailing-twelve-month revenue fell 3.2% year on year, with a free-cash-flow margin of 46.2%. Where it stands out: free-cash-flow margin of 46.2% ranks 9 of 51 oil & gas exploration & production companies we cover. Where it lags: net margin of -68.0% ranks 54 of 57 oil & gas exploration & production companies we cover.

Our discounted-cash-flow model values the business at ~$9.3 per share in the base case (~$6.9–$12 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 186% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 46.2% of revenue turned into free cash flow, against a median of 23.2% for oil & gas exploration & production companies we cover.

Things to watch

  • Results due soon. Results are expected around 6 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 3.2% over the last 12 months.
  • Loss-making. Operating margin is -53.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 82.7 points on a year ago.
  • Share dilution. Diluted shares rose 6.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of -0.7 against the S&P 500.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.10 against an average estimate of $0.04: beat by 185.7%
Revenue
$105m, up 26.7% on a year earlier
Share reaction
+5.7% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.07

Ring Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-10.5%
  • 1 week-9.9%
  • 1 month-2.3%
  • This year+47.1%
  • 1 year+34.7%
  • 5 years-66.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$324M
Operating margin
-53.0%
Net margin
-68.0%
EPS (TTM, diluted)
$-1.03

Growth

Revenue growth
−3.2%
Change in growth rate
+10.9 pts
Share count change
+6.0%

Cash

Free cash flow (TTM)
$150M
FCF margin
46.2%
Stock pay % of revenue
2.1%

Earnings

Last results
August 6, 2026
Next results (est.)
November 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ring Energy, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

Our value per share comes from a discounted-cash-flow model of Ring Energy, Inc.'s free cash flow after stock-based pay ( $183M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Ring Energy, Inc. as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.65 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: This model is withheld pending its input or assumption review.
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$9.3 ~$6.9–$12 Left out: out of range vs price (7.23x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$1.8 ~$1.5–$2.9 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.6 ~$2.3–$5.9 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$3.8 ~$3.1–$4.7 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ring Energy, Inc. with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$12.99$13.90$5.08$2.64$0.66$2.28$2.46$1.46$1.36$0.87$1.28
Market value$503m$734m$309m$176m$48m$276m$349m$285m$272m$178m$275m
+ Net debt (− = net cash)−$15m−$3m−$10m−$10m−$4m−$2m−$3m$237350−$1m−$397161$358894
Enterprise value$488m$731m$299m$166m$45m$274m$346m$285m$271m$178m$275m
Multiples
Price / sales 16.3x11.0x2.6x0.9x0.4x1.4x1.0x0.8x0.7x0.6x0.8x
Price / earnings —n/m34.3x6.0x—83.2x2.5x2.7x4.0x——
Price / free cash flow n/m52.0x4.7x1.7x0.7x3.9x1.8x1.5x1.4x1.2x1.8x
EV / EBITDA —20.0x5.1x1.4x—2.1x1.4x1.2x1.2x2.9x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

51 /100

Moderate moat

How hard Ring Energy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.6% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 96.6%, moving by 10.4 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median 31.2%; its worst year was -74.9%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 8 of 9 years, at a median 48.8% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 216.3% over five years; stock-based pay has been a median 2.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $85m and EPS of $0.07 (range $0.07 to $0.08) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.28 +47% $357m +16%
Next $0.24 −13% $353m −1%

Next year's EPS estimate has moved −16.1% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +55.6% on 90 days ago. In the last 30 days, 0 analysts raised Ring Energy, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Ring Energy, Inc., last 90 days
$0.15 $0.20 $0.25 $0.30 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.18 Current fiscal year, 60 days ago: $0.17 Current fiscal year, 30 days ago: $0.26 Current fiscal year, 7 days ago: $0.29 Current fiscal year, Now: $0.28 $0.28 Next fiscal year, 90 days ago: $0.29 Next fiscal year, 60 days ago: $0.27 Next fiscal year, 30 days ago: $0.23 Next fiscal year, 7 days ago: $0.24 Next fiscal year, Now: $0.24 $0.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.18$0.29
60 days ago $0.17$0.27
30 days ago $0.26$0.23
7 days ago $0.29$0.24
Now $0.28$0.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.04 $0.10 +185.7%
Mar 2026 $0.02 $0.04 +100.0%
Dec 2025 $0.02 $0.02 0.0%
Sept 2025 $0.04 $0.06 +50.0%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Ring Energy, Inc.'s revenue by +3.8% next year and -2.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+9.6%, weight 56%) and the company's own record (-3.4%, weight 44%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy267%
Hold133%
Sell00%

Monthly trend

  1. Oct 2026213
  2. Sep 2026213
  3. Aug 202622
  4. Jul 202622

Counts of recommendations published by analysts covering Ring Energy, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.8%
of tradable shares
Days to cover
2.92
at average volume
Short interest, 1 month
+24%
to October 15, 2026
Held by institutions
48%
of shares
Held by insiders
8.7%
of shares
Employees
111
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +34.7%

$0.95 on October 31, 2025 to $1.28

ThenNowEffect
Revenue (last 12 months) $334m $324m −3.2%
P/S multiple 0.6x 0.8x +47.5%
Share count 202m 215m −5.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −25.1%

$1.71 on November 3, 2023 to $1.28

ThenNowEffect
Revenue (last 12 months) $362m $324m −10.4%
P/S multiple 0.8x 0.8x +2.7%
Share count 175m 215m −18.6%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
REI+246%+8%−41%−7%−36%+47%
Industry peers (median)+86%+55%−8%+2%−15%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
REI58%58%25%33%17%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
REI−49%−56%−45%−43%−52%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 97% from May 8, 2018 to November 4, 2020. Getting back needed a 3551% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.84 – $1.98
From 52-week high
−35.4%
vs 50-day average
−8.7%
vs 200-day average
−5.6%
Volatility (1 year)
63%
Beta vs S&P 500
-0.66

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.1%
After a week
7 up, 5 down
typical move ±10.6%
After a month
4 up, 8 down
typical move ±16.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +5.7% +0.5% +8.9% +22.0%
May 7, 2026 −10.6% +0.5% −26.1% −29.4%
March 5, 2026 +2.7% −1.9% +1.3% +4.0%
November 7, 2025 +4.2% +1.7% +4.2% −3.2%
August 7, 2025 +8.1% +0.7% +24.3% +32.4%
May 9, 2025 +6.1% +3.2% 0.0% −2.4%
March 7, 2025 −1.8% −2.1% +4.5% −16.1%
November 7, 2024 −3.7% +1.2% −4.3% −12.4%
August 7, 2024 +7.6% +1.6% +6.4% −7.6%
May 8, 2024 0.0% +0.6% −2.2% −8.9%
March 8, 2024 +11.0% −0.7% +29.0% +41.4%
November 3, 2023 −11.4% +1.1% −16.5% −13.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Ring Energy, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ring Energy, Inc.
$300M $350M $400M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $360.8M Revenue (TTM), FY23 Q4: $361.1M Revenue (TTM), FY24 Q1: $367.5M Revenue (TTM), FY24 Q2: $387.3M Revenue (TTM), FY24 Q3: $382.8M Revenue (TTM), FY24 Q4: $366.3M Revenue (TTM), FY25 Q1: $350.9M Revenue (TTM), FY25 Q2: $334.4M Revenue (TTM), FY25 Q3: $323.7M Revenue (TTM), FY25 Q4: $307.2M Revenue (TTM), FY26 Q1: $301.8M Revenue (TTM), FY26 Q2: $323.8M $323.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $360.8M
FY23 Q4 $361.1M
FY24 Q1 $367.5M
FY24 Q2 $387.3M
FY24 Q3 $382.8M
FY24 Q4 $366.3M
FY25 Q1 $350.9M
FY25 Q2 $334.4M
FY25 Q3 $323.7M
FY25 Q4 $307.2M
FY26 Q1 $301.8M
FY26 Q2 $323.8M
Revenue growth, TTM YoY Ring Energy, Inc.
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 17.4% Revenue growth, TTM YoY, FY23 Q4: 4.0% Revenue growth, TTM YoY, FY24 Q1: 0.1% Revenue growth, TTM YoY, FY24 Q2: 7.1% Revenue growth, TTM YoY, FY24 Q3: 6.1% Revenue growth, TTM YoY, FY24 Q4: 1.5% Revenue growth, TTM YoY, FY25 Q1: -4.5% Revenue growth, TTM YoY, FY25 Q2: -13.7% Revenue growth, TTM YoY, FY25 Q3: -15.4% Revenue growth, TTM YoY, FY25 Q4: -16.1% Revenue growth, TTM YoY, FY26 Q1: -14.0% Revenue growth, TTM YoY, FY26 Q2: -3.2% -3.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 17.4%
FY23 Q4 4.0%
FY24 Q1 0.1%
FY24 Q2 7.1%
FY24 Q3 6.1%
FY24 Q4 1.5%
FY25 Q1 -4.5%
FY25 Q2 -13.7%
FY25 Q3 -15.4%
FY25 Q4 -16.1%
FY26 Q1 -14.0%
FY26 Q2 -3.2%
Operating margin (TTM) Ring Energy, Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 41.8% Operating margin (TTM), FY23 Q4: 40.4% Operating margin (TTM), FY24 Q1: 40.2% Operating margin (TTM), FY24 Q2: 41.3% Operating margin (TTM), FY24 Q3: 39.2% Operating margin (TTM), FY24 Q4: 36.3% Operating margin (TTM), FY25 Q1: 33.5% Operating margin (TTM), FY25 Q2: 29.7% Operating margin (TTM), FY25 Q3: 4.5% Operating margin (TTM), FY25 Q4: -11.2% Operating margin (TTM), FY26 Q1: -65.8% Operating margin (TTM), FY26 Q2: -53.0% -53.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 41.8%
FY23 Q4 40.4%
FY24 Q1 40.2%
FY24 Q2 41.3%
FY24 Q3 39.2%
FY24 Q4 36.3%
FY25 Q1 33.5%
FY25 Q2 29.7%
FY25 Q3 4.5%
FY25 Q4 -11.2%
FY26 Q1 -65.8%
FY26 Q2 -53.0%
FCF margin (TTM) Ring Energy, Inc.
45% 50% 55% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 56.6% FCF margin (TTM), FY23 Q4: 54.3% FCF margin (TTM), FY24 Q1: 53.6% FCF margin (TTM), FY24 Q2: 52.9% FCF margin (TTM), FY24 Q3: 52.6% FCF margin (TTM), FY24 Q4: 52.5% FCF margin (TTM), FY25 Q1: 49.9% FCF margin (TTM), FY25 Q2: 47.2% FCF margin (TTM), FY25 Q3: 46.5% FCF margin (TTM), FY25 Q4: 48.3% FCF margin (TTM), FY26 Q1: 47.6% FCF margin (TTM), FY26 Q2: 46.2% 46.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 56.6%
FY23 Q4 54.3%
FY24 Q1 53.6%
FY24 Q2 52.9%
FY24 Q3 52.6%
FY24 Q4 52.5%
FY25 Q1 49.9%
FY25 Q2 47.2%
FY25 Q3 46.5%
FY25 Q4 48.3%
FY26 Q1 47.6%
FY26 Q2 46.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 31 67 120 196 113 196 347 361 366 307 324
Gross profit 21 51 92 193 109 192 345 361 — — —
EBITDA −46 36 59 116 −226 133 247 234 232 62 −82
Operating income −57 16 20 60 −269 96 192 146 133 −34 −172
Net income −38 2 9 29 −253 3 139 105 67 −35 −220
Diluted EPS −$0.97 $0.03 $0.15 $0.44 −$3.48 $0.03 $0.98 $0.54 $0.34 −$0.17 −$1.03
Growth (year on year)
Revenue — +116.2% +80.0% +63.0% −42.2% +73.7% +76.9% +4.0% +1.5% −16.1% −3.2%
EBITDA — — +61.7% +97.2% −294.0% — +86.2% −5.3% −1.2% −73.2% −141.5%
Operating income — — +25.0% +201.3% −546.8% — +100.2% −24.0% −8.8% −125.8% −272.9%
Net income — — +413.1% +227.7% −959.1% — — −24.4% −35.7% −151.5% −417.9%
Diluted EPS — — +400.0% +193.3% −890.9% — — −44.9% −37.0% −150.0% −399.9%
Margins
Gross margin 68.0% 76.0% 76.8% 98.5% 96.4% 97.8% 99.5% 99.9% — — —
EBITDA margin −147.6% 54.7% 49.1% 59.4% −199.6% 67.7% 71.3% 64.9% 63.2% 20.2% −25.3%
Operating margin −184.9% 23.9% 16.6% 30.7% −237.7% 48.8% 55.2% 40.4% 36.3% −11.2% −53.0%
Net margin −122.0% 2.6% 7.5% 15.1% −224.2% 1.7% 39.9% 29.0% 18.4% −11.3% −68.0%
Free-cash-flow margin 3.3% 21.2% 54.7% 52.7% 62.7% 36.4% 56.3% 54.3% 52.5% 48.3% 46.2%
Cash flow
Cash from operations 11 43 70 107 72 73 197 198 194 151 156
Capital spending 10 29 5 3 1 1 2 2 2 3 6
Free cash flow 1 14 66 103 71 71 195 196 192 148 150
Stock-based pay 2 4 4 3 5 2 7 9 6 6 7
Free cash flow after stock pay −1 10 62 100 65 69 188 187 187 142 143
Balance sheet
Cash 15 3 10 10 4 2 4 0 2 1 1
Total debt 0 0 0 0 0 1 0 1 0 1 1
Net debt (negative = net cash) −15 −3 −10 −10 −4 −2 −3 0 −1 −0 0
Diluted shares 39m 53m 61m 67m 73m 121m 142m 195m 200m 205m 215m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 3 checks passed · June 30, 2026
What it owns · $1.3bn
Short-term assets $61mLonger-term assets $1.2bn
What it owes, and who funded it · $1.3bn
Short-term liabilities $113mLonger-term liabilities $415mShareholders' equity $753m
  • Short-term assets cover short-term liabilities $61m of assets due within a year against $113m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $61m short-term assets against $415m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$172m against $36m of interest.

From Ring Energy, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+6.0%
year over year
Days sales outstanding
49 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated REI KRP PROP VTS EGY OBE Median
Revenue, last 12 months $324m $341m $343m $300m $350m $409m $1.4bn
Revenue growth, last 12 months −3.2% 6.2% 282.7% 10.6% −25.5% −25.9% 10.6%
Revenue growth, 3-year average −3.6% 8.2% — 10.0% −1.3% — 1.4%
Revenue growth, latest quarter 26.7% 30.0% 45.2% 23.0% 39.5% — 31.5%
Gross margin 99.9% — −12.6% — — — 75.2%
Operating margin −53.0% 40.1% 27.1% 12.0% −10.4% — 21.1%
Operating margin, 3-year average 6.0% 29.9% <−999% 14.9% 17.2% — 16.5%
Net margin −68.0% 29.7% −13.0% −15.4% −31.1% 6.2% 10.1%
Cash from operations / revenue 48.1% 69.7% 69.5% 42.1% 56.1% 42.0% 42.4%
Free-cash-flow margin 46.2% 33.8% 71.8% 33.7% 26.4% −10.3% 19.3%
Free-cash-flow margin, 3-year average 48.8% −8.8% −235.1% 46.2% 20.1% −0.4% 19.1%
Stock pay / revenue 2.1% 4.9% 5.9% 2.8% 1.8% 1.5% 1.5%
Change in share count 6.0% — 712.6% 11.5% 0.7% −5.5% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth -3.2% 10.6% 40 of 57
Change in growth rate Growth +10.9pp +4.9pp 15 of 57
Operating margin Profitability -53.0% 19.9% 38 of 42
Net margin Profitability -68.0% 10.1% 54 of 57
Free-cash-flow margin Cash generation 46.2% 23.2% 9 of 51
Stock pay as % of revenue Cash generation 2.1% 1.2% 32 of 47
Change in share count Balance sheet 6.0% 0.4% 38 of 48
Days sales outstanding Balance sheet 49 days 41 days 28 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$132M
Institutions reporting
142
Shares held vs prior quarter
▲ 56.2%
Positions opened / closed
49 / 30

Top buyers and sellers, Q2 2026: 92 institutions bought and 57 sold ; the biggest buyer was Peak6 LLC (+15.9M shares) and the biggest seller Ameriprise Financial Inc (−6.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Peak6 LLC $18.4M 17.1M 13.9% ▲ 1385.2%
Blackrock, Inc. $13.1M 12.1M 9.9% ▲ 616.7%
Adage Capital Partners Gp, L.L.C. $11.5M 10.7M 8.7% New
Vanguard Capital Management LLC $9.6M 8.9M 7.3% ▲ 18.3%
Two Sigma Investments, LP $8.7M 8.0M 6.6% ▲ 32.9%
Barclays PLC $8M 7.4M 6.0% ▲ 30.4%
Vanguard Portfolio Management LLC $5M 4.6M 3.8% ▲ 31.9%
Geode Capital Management, LLC $4.9M 4.6M 3.7% ▲ 129.6%
Renaissance Technologies LLC $4.4M 4.1M 3.4% ▲ 154.1%
Acadian Asset Management LLC $3.8M 3.6M 2.9% ▲ 41.8%
Cdc Financial, Inc. $3.8M 3.5M 2.9% ▲ 2.3%
UBS Group AG $3.3M 3.1M 2.5% ▼ 6.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ring Energy, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $339,010 2 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $339,010 net buying
Insider Date Trade Shares Price Value
Johl Sundip Singh EVP, Chief Financial Officer June 15, 2026 Buy 231,000 $1.21 $279,510
Mckinney Paul D. CEO and Chairman of the Board June 15, 2026 Buy 50,000 $1.19 $59,500

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 5, 2026
  • November 7, 2025
  • August 7, 2025
  • May 9, 2025

Recent SEC filings

Data status

When each part of this page on Ring Energy, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ring Energy, Inc. in brief

What does Ring Energy, Inc. do?
Ring Energy, Inc. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is Ring Energy, Inc.'s stock ticker?
Ring Energy, Inc. trades under the ticker REI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ring Energy, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ring Energy, Inc. reported revenue of $324M, 3.2% lower than a year earlier, according to its SEC filings.
What is Ring Energy, Inc.'s free cash flow?
Ring Energy, Inc.'s free-cash-flow margin is 46.2% of revenue over the trailing twelve months, ranking 9 of the 51 oil & gas exploration & production companies we cover.
Who are Ring Energy, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Peak6 LLC, Blackrock, Inc. and Adage Capital Partners Gp, L.L.C. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Ring Energy, Inc.'s market cap?
On November 2, 2026, Ring Energy, Inc.'s market capitalisation was about $275M and net debt of $358,894. Market figures come from third-party market data and may be delayed.
Who are Ring Energy, Inc.'s competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to Ring Energy, Inc. are Kimbell Royalty Partners, LP, Prairie Operating Co., Vitesse Energy, Inc., Vaalco Energy Inc and Obsidian Energy LTD. The side-by-side comparison below sets their revenue, margins and growth against Ring Energy, Inc.'s.
Are insiders buying or selling Ring Energy, Inc. stock?
Over the last 12 months, Ring Energy, Inc.'s directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Ring Energy, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ring Energy, Inc. announces its own schedule.