RING ENERGY INC (REI)
Energy · Independent oil and natural gas exploration and production (E&P) · Nyse Mkt Llc
Independent Permian Basin oil and gas producer focused on low-cost, disciplined drilling and debt reduction amid commodity price headwinds.
What RING ENERGY INC does
Ring Energy is an independent oil and natural gas exploration and production company focused on development and production operations in the Permian Basin of Texas. The company targets oil and liquids-rich formations in the Northwest Shelf and Central Basin Platform, holding interests in 919 producing wells and 111,714 gross acres (96,234 net) as of end-2025. Its proved reserves total 153.3 million Boe, approximately 59% oil, 19% natural gas, and 22% NGLs, with the company operating approximately 99% of its properties.
Themes: ["Permian Basin oil and gas production","Independent E&P","Low-cost production and margin improvement","Debt reduction and balance sheet strength","Reserve replacement and growth drilling"]
Fundamentals
- Price$1.12 as of 2026-07-09 close
- Market cap$289M as of 2026-07-10
- 1-year return+42.9% as of 2026-07-09 close
- Net margin-87.6% as of 2026-07-10
- Gross margin+92.3% as of 2026-07-10
- ROE-33.0% as of 2026-07-10
- Debt / equity0.69 as of 2026-07-10
- Revenue growth (YoY)-14.0% as of 2026-07-10
- Revenue CAGR (3y)-4.0% SEC XBRL
- Beta0.86 as of 2026-07-10
Key risks (from latest filing)
["Volatility in oil and natural gas commodity prices directly impacts revenues and profitability, with the company currently unprofitable despite production growth","Operational and geological risks including drilling non-economic wells, dry holes, reserve estimate uncertainties, and production decline rates greater than forecast","Capital availability and liquidity constraints to fund drilling programs and debt service, including potential borrowing base reductions under credit facility"]
Competitors & peers
- EOG Resources
- Pioneer Natural Resources
- Diamondback Energy
- Coterra Energy
- Centennial Resource Development
- Callon Petroleum
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.