company profile management's primary goal is to enhance shareholder value through the growth of underlying proven reserves with an emphasis on positive cash flow. ring energy, inc. (nyse mkt: rei) is a texas-based oil and gas exploration, development and production company with current operations in texas and kansas. founded in 2012, the experienced management team has aggressively sought to acquire select properties in their "back yard" which provides immediate positive cash flow and development opportunities for future years. as of 12/31/13, the company has, through exploitation and acquisitions, increased their proven reserves to an estimated 7.2 million boe's (barrel of oil equivalents) and an estimated $198 million* in pv-10 (future net revenues discounted 10%). ring energy's management understands what is required to build an oil an gas company from the ground up, having successfully done so on more than one occasion. with over 100 years of combined experienc
Company profile
Ticker
REI
Exchange
Website
CEO
Kelly Hoffman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Blanca Corp., Transglobal Mining Corp.
SEC CIK
Corporate docs
IRS number
980495938
REI stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
8 Mar 24
8-K
Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-end 2023 Proved Reserves and Additional 2024 Guidance
8 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Entry into a Material Definitive Agreement
16 Feb 24
8-K
Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024
2 Feb 24
8-K
Ring Energy Announces Issuance of 2023 Sustainability Report
28 Dec 23
8-K
Ring Energy Announces Successful Results of Senior Credit Facility Fall 2023 Redetermination and Final Payment for Founders Property Acquisition
27 Dec 23
8-K
Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance
3 Nov 23
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K/A
Financial Statements and Exhibits
26 Oct 23
Transcripts
REI
Earnings call transcript
2023 Q4
8 Mar 24
REI
Earnings call transcript
2023 Q3
3 Nov 23
REI
Earnings call transcript
2023 Q2
4 Aug 23
REI
Earnings call transcript
2023 Q1
4 May 23
REI
Earnings call transcript
2022 Q4
10 Mar 23
REI
Earnings call transcript
2022 Q3
10 Nov 22
REI
Earnings call transcript
2022 Q2
5 Aug 22
REI
Earnings call transcript
2022 Q1
12 May 22
REI
Earnings call transcript
2021 Q4
17 Mar 22
REI
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
Paul D. McKinney
8 Mar 24
4
Alexander Dyes
8 Mar 24
4
Stephen Donald Brooks
8 Mar 24
4
Marinos Christos Baghdati
8 Mar 24
4
Travis Thomas
8 Mar 24
SC 13D/A
STRONGHOLD ENERGY II OPERATING, LLC
6 Mar 24
4
Change in insider ownership
6 Mar 24
4
Marinos Christos Baghdati
20 Feb 24
4
Stephen Donald Brooks
20 Feb 24
4
Alexander Dyes
20 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Mar 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 138.58 k | 138.58 k | 138.58 k | 138.58 k | 138.58 k | 138.58 k |
Cash burn (monthly) | 537.13 k | 62.67 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.20 mm | 373.73 k | n/a | n/a | n/a | n/a |
Cash remaining | -3.06 mm | -235.15 k | n/a | n/a | n/a | n/a |
Runway (months of cash) | -5.7 | -3.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
74.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 141 |
Opened positions | 28 |
Closed positions | 11 |
Increased positions | 47 |
Reduced positions | 33 |
13F shares | Current |
---|---|
Total value | 177.30 bn |
Total shares | 147.13 mm |
Total puts | 725.00 k |
Total calls | 2.24 mm |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Stronghold Energy Ii Operating | 46.99 mm | $96.81 mm |
Warburg Pincus | 42.64 mm | $83.15 bn |
Yetiv Jack | 7.65 mm | $22.65 mm |
BLK Blackrock | 7.40 mm | $14.44 bn |
Vanguard | 3.96 mm | $7.71 bn |
AMP Ameriprise Financial | 3.66 mm | $7.14 bn |
Aqr Capital Management | 3.55 mm | $6.92 bn |
Aristotle Capital Boston | 2.41 mm | $4.71 bn |
MS Morgan Stanley | 2.13 mm | $4.15 bn |
STT State Street | 1.94 mm | $3.78 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Mar 24 | Paul D. McKinney | Common Stock | Payment of exercise | Dispose F | No | No | 1.42 | 142,452 | 202.28 k | 2,113,556 |
6 Mar 24 | Paul D. McKinney | Common Stock | Grant | Acquire A | No | No | 0 | 585,012 | 0.00 | 2,256,008 |
6 Mar 24 | Alexander Dyes | Common Stock | Payment of exercise | Dispose F | No | No | 1.42 | 35,614 | 50.57 k | 615,949 |
6 Mar 24 | Alexander Dyes | Common Stock | Grant | Acquire A | No | No | 0 | 146,253 | 0.00 | 651,563 |
6 Mar 24 | Stephen Donald Brooks | Common Stock | Payment of exercise | Dispose F | No | No | 1.42 | 35,614 | 50.57 k | 586,811 |
6 Mar 24 | Stephen Donald Brooks | Common Stock | Grant | Acquire A | No | No | 0 | 146,253 | 0.00 | 622,425 |
6 Mar 24 | Marinos Christos Baghdati | Common Stock | Payment of exercise | Dispose F | No | No | 1.42 | 35,614 | 50.57 k | 586,811 |
6 Mar 24 | Marinos Christos Baghdati | Common Stock | Grant | Acquire A | No | No | 0 | 146,253 | 0.00 | 622,425 |
6 Mar 24 | Travis Thomas | Common Stock | Payment of exercise | Dispose F | No | No | 1.42 | 35,614 | 50.57 k | 549,438 |
6 Mar 24 | Travis Thomas | Common Stock | Grant | Acquire A | No | No | 0 | 146,253 | 0.00 | 585,052 |
News
Press releases
Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024
25 Mar 24
Ring Energy Announces Participation in 36th Annual Roth Conference
12 Mar 24
Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance
7 Mar 24
Ring Energy Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
27 Feb 24
Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024
29 Jan 24