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REI

Ring Energy Inc

$2.9

Earnings Summary

Revenue
$68.18Mn
Net Profits
$7.11Mn
Net Profit Margins
10.43%
PE Ratio
3.39

Highlights

Revenue:

Ring Energy Inc’s revenue jumped 72.6% since last year same period to $68.18Mn in the Q1 2022. On a quarterly growth basis, Ring Energy Inc has generated 281.97% jump in its revenue since last 3-months.

Net Profits:

Ring Energy Inc’s net profit jumped 137.3% since last year same period to $7.11Mn in the Q1 2022. On a quarterly growth basis, Ring Energy Inc has generated -70.5% fall in its net profits since last 3-months.

Net Profit Margins:

Ring Energy Inc’s net profit margin jumped 121.61% since last year same period to 10.43% in the Q1 2022. On a quarterly growth basis, Ring Energy Inc has generated 116.21% jump in its net profit margins since last 3-months.

PE Ratio:

Ring Energy Inc’s price-to-earnings ratio after this Q1 2022 earnings stands at 3.39.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Ring Energy Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.23
EPS Estimate Current Year
0.23

Highlights

EPS Estimate Current Quarter:

Ring Energy Inc’s earning per share (EPS) estimates for the current quarter stand at 0.23 - a 21.05% jump from last quarter’s estimates.

EPS Estimate Current Year:

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

Key Ratios

Key ratios of the Ring Energy Inc post its Q1 2022 earnings

Earning Per Share (EPS)
0.06
Return on Assets (ROA)
0.09
Return on Equity (ROE)
0.28
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Ring Energy Inc’s earning per share (EPS) fell -14.29% since last year same period to 0.06 in the Q1 2022. This indicates that the Ring Energy Inc has generated -14.29% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

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 0.09.

Earning Per Share (EPS):

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.

Dividend Per Share (DPS):

Ring Energy Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-10
0.19
0.06
-68.42%

Company Information

Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.

Organisation
Ring Energy Inc
Headquarters
Tulsa, Oklahoma, US
Employees
41
Industry
Energy Minerals
CEO
Kelly Hoffman