Added to YB: 2026-05-28
Pitch date: 2026-05-25
REI [neutral]
Ring Energy, Inc.
-1.48%
current return
Author Info
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Company Info
Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties.
Market Cap
$335.1M
Pitch Price
$1.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.12
P/E
-1.03
EV/Sales
2.65
Sector
Oil, Gas and Consumable Fuels
Category
value
Earnings Updates & Portfolio Reveal - Ring Energy, Inc.
REI (trimmed position): Permian producer at 12.2% PV10 vs peers' 60%, mid-teen ROIC from new drilling in old fields. 35% shareholder forced sale ended. Risks: May '26 21% dilution for $56M debt paydown; CEO's aggressive M&A (Limerock: +14% prod, 21% dilution); 72% oil hedged at $73.27 ceiling vs $99 spot; high leverage. New CFO has M&A exp but lacks ops/risk mgmt background. Reduced position 50% on balance sheet concerns despite high oil prices providing near-term buffer.
Read full article (3 min)