Added to YB: 2026-09-24
Pitch date: 2026-09-19
REI [neutral]
Ring Energy, Inc.
-7.64%
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
$359.5M
Pitch Price
$1.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.67
P/E
-1.34
EV/Sales
2.34
Sector
Oil, Gas and Consumable Fuels
Category
value
Portfolio Update 2 & Call with VP of IR - Ring Energy, Inc.
REI (exited position): Exited the remaining position at $1.56 after selling most around $1.80, more than doubling the investment over a year, though Israel/US/Iran-driven oil spikes aided the timing. Ring remains cheap with production and profitability upside, but the $69M equity raise diluted holders by ~24% at $1.35, net debt remains $470M, hedges cap oil upside into Q1 2028, and management’s capital allocation no longer justifies the leverage risk.
Read full article (2 min)