RING ENERGY INC (REI)
Energy · Oil & Gas Exploration & Production · NYSE American
Ring Energy is a Permian Basin-focused independent exploration and production company transitioning toward more capital-efficient, longer-lateral horizontal drilling to drive production growth and deleverage its balance sheet.
What RING ENERGY INC does
Ring Energy is an independent oil and natural gas exploration and production company focused on the development, acquisition, and exploration of oil and natural gas properties in the Permian Basin of Texas. The company operates primarily in the Northwest Shelf and Central Basin Platform, utilizing both conventional and horizontal drilling techniques to manage an oil-weighted reserve portfolio.
Recent developments
In August 2026, the company announced an expanded second-half development program and provided initial 2027 guidance, targeting 10% production growth and 10% lower capital expenditures compared to 2026. The company also reported a successful reduction in revolving credit facility borrowings by $66 million during the second quarter of 2026.
From RING ENERGY INC's filing of 2026-08-06.
Themes: Permian Basin E&P, energy infrastructure, deleveraging, oil and gas development
Fundamentals
- Price$1.35 as of 2026-10-08 close
- Market cap$352M as of 2026-08-05 (share count; price 2026-10-08)
- 1-year return+19.5% 2025-10-08 close $1.13 → 2026-10-08 close $1.35
- P/En/a negative earnings
- Net margin-11.3% FY2025, SEC XBRL
- ROE-4.2% FY2025, SEC XBRL
- Debt / equity0.69 as of 2026-09-02
- Revenue growth (YoY)-14.0% as of 2026-09-02
- Revenue CAGR (3y)-4.0% SEC XBRL
- Beta0.80 as of 2026-09-02
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How REI compares in its sector
- net profit marginbottom 25% 135 covered Energy peers, as of 2026-09-02
- operating marginbottom 25% 122 covered Energy peers, as of 2026-09-02
- return on equitybottom 25% 143 covered Energy peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 137 covered Energy peers
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How RING ENERGY INC looks technically
RING ENERGY INC (REI) is trading 5.4% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 226 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 7 trading days ago. It is 32.5% below its highest point of the past year. Trading volume is running unusually high — about 2.0× its 30-day average, a sign of heightened interest.
Trend
8
| Distance from the 200-day | it is trading 5.4% above its 200-day average, the long-term trend line — a longer-term uptrend | +5.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $1.35 | $1.35 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $1.28 | $1.28 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 226 trading days ago — a "golden cross", a bullish long-term signal | 226 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 5.4% above | +5.4% |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend) | 20.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30) | 47.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($1.28 to $1.47) — its "stochastic" reading is 37 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 36.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 16 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $2.00 | $2.00 |
|---|---|---|
| From the 52-week high | it is 32.5% below its 52-week high (its highest price of the past year) | -32.5% |
| Above the 52-week low | it is 62.7% above its 52-week low (its lowest price of the past year) | +62.6% |
| Below the 52-week high | it is 32.5% below its highest point of the past year | 32.5% |
| Since a 20-day breakout | it made a new 20-day low about 7 trading days ago | 7 sessions |
| Since a 55-day breakout | it made a new 55-day high about 17 trading days ago | 17 sessions |
| All-time high | its highest closing price on record is $20.61 (set on 2014-06-05) | $20.61 |
| Given back of the 52-week move | over the past year its closes ranged ($0.84 to $1.98), and it has given back around half of its rise from last year’s low — 55% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $1.24 to $1.28. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 55.3% |
| From the all-time high | it is 93.4% below its all-time high | -93.5% |
| Nearest price level | it is trading 5.9% below a resistance level at $1.43 — a price it turned at three times since 2024-11-01, most recently on 2026-05-20. Since 2024-10-08 it has 8 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +5.9% |
| All-time low | its lowest closing price on record is $0.43 (set on 2020-11-04) | $0.43 |
| Above the all-time low | it is 214.0% above its all-time low | +213.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 41st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.057 between its high and its low — about 4.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.057 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $1.22 and $1.57 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $1.22 – $1.39 – $1.57 |
| Typical daily range (% of price) | its price moves about 4.2% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.2% |
| Stretch from the 200-day average | it is trading 1.2 daily ranges above its 200-day average price (5.4% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 2.0× its 30-day average, a sign of heightened interest | 2.03× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 2.3% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +2.3% |
|---|---|---|
| Open gap | it gapped 15.4% above the previous close 34 sessions ago and has not traded back through the level it left behind at 1.17 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +15.4% |
| Gap filled | a 2.3% gap up opened on 2026-10-08 has been "filled" today — price traded back through the level the gap left behind, and it closed again during the very session that opened it | today |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 12.2 percentage points (the stock lost 11.2% while the market gained 1.0%) | -12.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 14.6 percentage points (the stock gained 18.4% while the market gained 3.8%) | +14.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 30.9 percentage points (the stock lost 13.5% while the market gained 17.5%) | -30.9% |
| vs market, 12 months | over the past 12 months this stock beat the market by 4.5 percentage points (the stock gained 19.5% while the market gained 15.0%) | +4.5% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.8% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-08-27 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 5.5% of the share price. | +0.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is sitting right on the average price paid so far this year, so the typical buyer over that stretch is roughly break-even. That average is $1.35 — a volume-weighted average of daily closes over 176 sessions, not a true tick-by-tick VWAP. | -0.2% |
|---|---|---|
| Vs the average paid since it last reported | the price is 6% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $1.44 — a volume-weighted average of daily closes over 35 sessions, not a true tick-by-tick VWAP. | -6.1% |
Inverse head and shoulders, bullish — forming · entry $1.62 · 85 sessions in
Price levels it has turned at before
REI last closed at $1.35 on 2026-10-08. Since 2024-10-08 it has turned at 8 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $1.43 | Resistance | 5.9% above the last close | turned there three times · 2024-11-01 to 2026-05-20 |
| $1.25 | Support | 7.4% below the last close | turned there four times · 2025-03-20 to 2026-05-27 |
| $1.19 | Support | 12.2% below the last close | turned there twice · 2025-09-29 to 2026-04-17 |
| $1.15 | Support | 14.8% below the last close | turned there twice · 2025-08-27 to 2026-07-27 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Tested and reclaimed 200-day support · Pulled back from the 12-month high · Unusually heavy trading volume · lagging the market · Trading at this year’s average price paid (anchored VWAP) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.67 mean, 1=Strong Buy…5=Strong Sell) — 3 analysts
- Mean price target$2.08 range $2.00 – $2.25; median $2.00
Analyst estimates, as of 2026-10-05. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for REI
- Consensus EPS estimate$0.075 next reporting period, as of 2026-10-05
- Estimate change, 30 days+$0.005 from $0.07, on 2026-08-31, 35-day window
- Readings revised upward25% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Volatility in crude oil and natural gas prices significantly impacts financial results and the ceiling test calculation.","Dependence on debt financing and revolving credit facilities creates leverage risks, despite ongoing deleveraging efforts.","Operational risks associated with horizontal drilling, hydraulic fracturing, and saltwater disposal, including environmental and regulatory compliance."]
What changed in the latest 10-Q
AI-assisted comparison of REI's 10-Q filed 2026-05-06 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- 2026 Developments and Operational Highlights section (added to newer filing) with Q1 2026 well drilling and completion activity details
- Production increase of 5% year-over-year to 1.74 million Boe for three months ended March 31, 2026
- Q1 2026 Exploration and Production segment profit of $49.7 million reported
- Q1 2026 net loss of $220.6 million, including $162.1 million full cost ceiling test impairment and $77.0 million unrealized derivative mark to market adjustments
- Discussion of regional Permian Basin natural gas market conditions with takeaway constraints and elevated processing/transportation costs in Q1 2026
- Discussion of negative net natural gas prices realized during Q1 2026 quarter
- Discussion of late first quarter 2026 geopolitical developments affecting crude oil markets
- Updated company description to identify as 'growth-oriented' and focus areas in Northwest Shelf and Central Basin Platform
- Removed:
- 2025 Developments and Highlights section (removed from newer filing)
- Lime Rock Acquisition details dated March 31, 2025
- Detailed 2025 drilling and completion activity by quarter (1Q, 2Q, 3Q 2025)
- Specific well counts and locations for 2025 drilling program
- Discussion of drilling activity still in progress as of September 30, 2025
- Generic discussion of commodity price volatility and inability to predict future prices
- References to 2024 and 2025 to date pricing history
- Reworded:
- Description changed from 'based in The Woodlands, Texas' to 'headquartered in The Woodlands, Texas'
- Reframed company focus from 'engaged in oil and natural gas development, production, acquisition, and exploration activities' to 'focused on the Permian Basin' with emphasis on disciplined development
- Changed 'need to reduce long-term debt' to 'balancing the reduction of long-term debt'
- Revised bullet point on growing production from broader language to more specific emphasis on 'disciplined development' and 'cash flow' generation
- Debt reduction bullet reframed from 'deleveraging of asset' to emphasis on field-level margins and competitive returns
- Acquisition strategy bullet reframed from 'additional resource potential' focus to emphasis on 'accretive assets with additional development potential' and stockholder value
- Notes:
- Newer filing text appears truncated at end of Ceiling Test section, potentially affecting completeness of comparison
- Older filing text also appears truncated at end of Ceiling Test section
- The two filings compare different reporting periods (Q1 2026 vs. nine months ended September 30, 2025), which accounts for some structural differences
Risk Factors
- Added:
- Added reference to "including the recent conflict between the United States and Iran" in the geopolitical risks bullet point (filed 2026-05-06)
- Removed:
- Removed line break after "or on" in the cybersecurity incidents bullet point (older filing had line break; newer filing reads continuously)
- Reworded:
- Changed reference from "Annual Report on Form 10-K for the year ended December 31, 2024" to "Annual Report on Form 10-K for the year ended December 31, 2025" (filed 2026-05-06)
- Changed balance sheet date reference from "December 31, 2024" to "December 31, 2025" in Item 1 introductory paragraph (filed 2026-05-06)
- Changed geopolitical risks language from "Middle East, Russia, and Ukraine" to "Middle East (including the recent conflict between the United States and Iran), Russia, and Ukraine" (filed 2026-05-06)
- Notes:
- Both filings contain identical forward-looking statements structure and nearly identical risk factor language; changes reflect standard quarterly update practices and one substantive addition regarding Iran conflict
- Financial statement data shown is truncated in both source texts, preventing full comparison of balance sheet changes
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-042 buys ($338340) · 0 sells — 2 buying insiders
Most recent open-market transaction: 2026-06-15. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about REI's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding REI as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 19,645,380
- Reported value $21,217,011
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about REI's institutional holders → See what each manager we track holds →
Short interest (FINRA)
REI had 7,666,438 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
REI had 2.94% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.78 days to cover at the same settlement.
- Reported short interest (shares) 7,666,438
- Short interest (% of shares outstanding) 2.94%
- Prior settlement (shares) 7,158,291
- Reported change 7.1%
- Days to cover (reported) 1.78
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Diamondback Energy (FANG)
- Callon Petroleum (CPE)
- SM Energy (SM)
- Civitas Resources (CIVI)
- Laredo Petroleum (LPI)
- Earthstone Energy (ESTE)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare REI vs…
RING ENERGY INC is found in…
Frequently asked questions
What does RING ENERGY INC (REI) do?
Ring Energy is an independent oil and natural gas exploration and production company focused on the development, acquisition, and exploration of oil and natural gas properties in the Permian Basin of Texas. The company operates primarily in the Northwest Shelf and Central Basin Platform, utilizing both conventional and horizontal drilling techniques to manage an oil-weighted reserve portfolio.
What sector is RING ENERGY INC (REI) in?
RING ENERGY INC (REI) is classified in the Energy sector. Its industry is Oil & Gas Exploration & Production. It trades on NYSE American.
Who are RING ENERGY INC's (REI) competitors?
Notable peers of RING ENERGY INC (REI) include Diamondback Energy, Callon Petroleum, SM Energy, Civitas Resources and Laredo Petroleum. This peer set is informational only — not financial advice.
Is RING ENERGY INC (REI) overbought or oversold right now?
RING ENERGY INC (REI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 47, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on REI come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.