Earnings Summary

Ring Energy Inc’s revenue fell -6.61% since last year same period to $79.35Mn in the Q2 2023. On a quarterly growth basis, Ring Energy Inc has generated -9.92% fall in its revenue since last 3-months.

Ring Energy Inc’s net profit fell -31.36% since last year same period to $28.79Mn in the Q2 2023. On a quarterly growth basis, Ring Energy Inc has generated -21.71% fall in its net profits since last 3-months.

Ring Energy Inc’s net profit margin fell -26.5% since last year same period to 36.28% in the Q2 2023. On a quarterly growth basis, Ring Energy Inc has generated -13.09% fall in its net profit margins since last 3-months.

Ring Energy Inc’s earning per share (EPS) estimates for the current quarter stand at 0.23 - a -4.17% fall from last quarter’s estimates.

Ring Energy Inc’s earning per share (EPS) estimates for the current year stand at 0.23.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Ring Energy Inc’s return on assets (ROA) stands at 0.12.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Ring Energy Inc’s return on equity (ROE) stands at 0.28.