Overview Financials News + Filings Key Docs Charts Ownership Insiders
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RING ENERGY, INC. (REI)
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Add to portfolio |
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| Price: |
$2.61
| | Metrics |
| OS: |
195.4
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M
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20
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% ROE
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| Market cap: |
$510
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M
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14
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% ROIC
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Net debt:
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$397
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M
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1.6
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x Debt/EBITDA
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EV:
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$907
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M
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| TTM Valuation | | | |
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EBITDA
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$242
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M
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3.7
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x EV/EBITDA
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EBIT
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$165
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M
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5.5
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x EV/EBIT
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| EPS |
$12,712,868.36
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0.0
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x P/E
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Recent News + Filings (All items)
| Date Filed | Type | Description |
| 10/03/2023 |
4
| Dyes Alexander (EVP Engineering, Corp Strategy) has filed a Form 4 on RING ENERGY, INC. |
| 10/03/2023 |
4
| Baghdati Marinos Christos (EVP Operations) has filed a Form 4 on RING ENERGY, INC. |
| 10/03/2023 |
4
| Brooks Stephen Donald (EVP-Land, Legal, HR, Marketing) has filed a Form 4 on RING ENERGY, INC. |
| 10/03/2023 |
4
| McKinney Paul D. (CEO and Chairman of the Board) has filed a Form 4 on RING ENERGY, INC. |
| 08/25/2023 |
4
| Warburg Pincus (E&P) XII LLC (10% Owner) has filed a Form 4 on RING ENERGY, INC. |
| 08/25/2023 |
4
| Warburg Pincus & Co US, LLC (10% Owner) has filed a Form 4 on RING ENERGY, INC. |
| 08/25/2023 |
4
| STRONGHOLD ENERGY II OPERATING, LLC (10% Owner) has filed a Form 4 on RING ENERGY, INC. |
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Revenue Mix by Segment
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Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 347.2 | 196.3 | 113.0 | 195.7 | 120.1 | 66.7 | 30.9 | 31.0 |
| Revenue growth | 76.9% | 73.7% | -42.2% | 63.0% | 80.0% | 116.2% | -0.5% | -18.6% |
| Cost of goods sold | 66.7 | 43.8 | 39.1 | 54.2 | 33.4 | 19.1 | 11.4 | 16.6 |
| Gross profit | 280.6 | 152.5 | 74.0 | 141.5 | 86.6 | 47.6 | 19.5 | 14.4 |
| Gross margin | 80.8% | 77.7% | 65.4% | 72.3% | 72.2% | 71.3% | 63.1% | 46.3% |
| Selling, general and administrative | | | | | | | | |
| General and administrative | 27.1 | 16.1 | 16.9 | 19.9 | 12.9 | 10.5 | 8.0 | 8.0 |
| EBIT | 191.7 | 95.8 | 8.8 | 60.1 | 34.1 | 16.0 | -0.5 | -4.0 |
| EBIT margin | 55.2% | 48.8% | 7.8% | 30.7% | 28.4% | 23.9% | -1.7% | -12.9% |
| Pre-tax income | 147.0 | 3.4 | -259.4 | 43.3 | 12.4 | 12.2 | -57.6 | -14.1 |
| Income taxes | 8.4 | 0.1 | -6.0 | 13.8 | 3.4 | 10.4 | -20.0 | -5.0 |
| Tax rate | 5.7% | 2.6% | 2.3% | 31.9% | 27.7% | 85.6% | 34.7% | 35.6% |
| Net income | 138.6 | 3.3 | -253.4 | 29.5 | 9.0 | 1.8 | -37.6 | -9.1 |
| Net margin | 39.9% | 1.7% | -224.2% | 15.1% | 7.5% | 2.6% | -122.0% | -29.2% |
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| Diluted EPS | $121,609,671.05 | $110,763,066.67 | $72,819,490.80 | $0.44 | $0.15 | $0.03 | ($0.97) | ($0.32) |
| Shares outstanding (diluted) | 0.0 | 0.0 | 0.0 | 66.8 | 60.8 | 52.8 | 38.7 | 28.2 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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