Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The company is headquartered in The Woodlands, Texas and currently employs 115 full-time employees. The company went IPO on 2007-03-28. The firm 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 (CBP), in the Permian Basin in Texas. Its Lime Rock’s CBP operations are located in the Permian Basin and are focused on the development of approximately 17,700 net acres. The firm's leasehold acreage positions total approximately 97,599 gross (80,919 net) acres, and it holds interests in approximately 935 gross (763 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 60% consisting of oil, 19% consisting of natural gas, and 21% consisting of natural gas liquids. Of those reserves, approximately 69% of the reserves are classified as proved developed and 31% are classified as proved undeveloped.
Follow-Up Questions
What is Ring Energy Inc (REI)'s P/E Ratio?
The P/E ratio of Ring Energy Inc is 3.2449
Who is the CEO of Ring Energy Inc?
Mr. Paul Mckinney is the Chairman of the Board of Ring Energy Inc, joining the firm since 2020.
What is the price performance of REI stock?
The current price of REI is $0.9599, it has increased 0.52% in the last trading day.
What are the primary business themes or industries for Ring Energy Inc?
Ring Energy Inc belongs to Energy industry and the sector is Energy
What is Ring Energy Inc market cap?
Ring Energy Inc's current market cap is $198.2M
Is Ring Energy Inc a buy, sell, or hold?
According to wall street analysts, 2 analysts have made analyst ratings for Ring Energy Inc, including 1 strong buy, 3 buy, 1 hold, 0 sell, and 1 strong sell
