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Ring Energy Inc - REI STOCK NEWS

Welcome to our dedicated news page for Ring Energy (Ticker: REI), a resource for investors and traders seeking the latest updates and insights on Ring Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ring Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ring Energy's position in the market.

Rhea-AI Summary
Ring Energy, Inc. (REI) announced its participation in an investor event hosted by Water Tower Research. The event will feature a discussion between Paul McKinney, Ring's Chairman and CEO, and Jeff Robertson, Managing Director at WTR, covering topics like asset growth, deleveraging, acquisitions, and reinvestment rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.91%
Tags
none
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Rhea-AI Summary
Ring Energy, Inc. (REI) is set to participate in the 36th Annual Roth Conference in California, with key executives engaging in one-on-one meetings with investors. An updated investor presentation will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
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none
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Rhea-AI Summary
Ring Energy, Inc. (REI) reported record operational and financial results for Q4 and FY 2023, with net income of $50.9M in Q4, $104.9M for FY, and Adjusted EBITDA of $236.0M. The company achieved a 47% increase in sales volumes and a 30% increase in Adjusted Free Cash Flow year-over-year. Ring Energy focused on reducing costs, debt reduction, and pursuing balance sheet enhancing acquisitions for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.59%
Tags
earnings
Rhea-AI Summary
Ring Energy, Inc. (REI) announced the timing of its fourth quarter 2023 earnings release and conference call. The earnings release is set for March 7, 2024, with a conference call scheduled for March 8, 2024, to discuss operational and financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
earnings
-
Rhea-AI Summary
Ring Energy, Inc. (REI) reported record Q4 2023 sales volumes near the high end of guidance, with approximately 19,400 barrels of oil equivalent per day (70% oil). The company further reduced debt by $3.0 million in Q4 2023 and made the final payment for the Founders Acquisition. They ended 2023 with $425 million of borrowings against the credit facility. However, production was impacted by recent severe cold winter weather, leading to deferred production of approximately 1,900 Boe/d for 10 days. Ring Energy plans to drill four to five horizontal wells and four to six vertical wells in Q1 2024, with anticipated capital spending of $37 million to $42 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
earnings
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Rhea-AI Summary
Ring Energy, Inc. (REI) CEO to present and host one-on-one meetings with investors during the Microcap Conference in Atlantic City. An updated investor deck will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
conferences
Rhea-AI Summary
Ring Energy, Inc. (NYSE American: REI) has released its 2023 Sustainability Report, available on the company's website. The report offers detailed information on the company's sustainability efforts and initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
none
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Rhea-AI Summary
Ring Energy, Inc. (NYSE American: REI) announced that the borrowing base was reaffirmed at $600 million under its $1.0 billion senior revolving credit facility. The company also made the final payment of $11.9 million on its acquisition of the Central Basin Platform assets of Founders Oil & Gas IV, LLC and disclosed the recent sale of $1.5 million of non-core assets located in Gaines County, Texas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
acquisition
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Rhea-AI Summary
Ring Energy, Inc. (NYSE American: REI) announced that Paul D. McKinney, Chairman and CEO, will present at the Sidoti December Virtual Investor Conference on December 6-7, 2023. The formal presentation will start at 12:15 pm ET on Thursday, December 7, accessible live at https://sidoti.zoom.us/webinar/register/WN_HxtnQtsGS3alznF6p358wg. One-on-one meetings with investors will also be held. Registration for the event is free and open to all.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
conferences
Rhea-AI Summary
Ring Energy, Inc. reported operational and financial results for Q3 2023. The company closed on the acquisition of Founders Oil & Gas IV assets, grew average sales volumes to 17,509 Boe/d, and achieved record Adjusted EBITDA of $58.6 million. However, they reported a net loss of $7.5 million compared to net income of $28.8 million in Q2 2023. The company also completed the sale of its non-core operated New Mexico assets for $4.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
earnings
Ring Energy Inc

NYSE:REI

REI Rankings

REI Stock Data

387.95M
166.44M
12.04%
47.7%
6.74%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Tulsa

About REI

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