REI Energy

Ring Energy, Inc.

$1.29+0.78%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Energy
Industry: Oil & Gas E&P
Country: United States
Market cap: 336.1M USD
Enterprise value: 693.5M USD
Full-time employees: 111

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.84 vs a peer median of 0.57), though less than the overall market and less short-term liquidity (current ratio 0.54 vs a peer median of 1.37)higher risk: bigger price swings (beta 0.84 vs peers 0.57) and less liquidity (current ratio 0.54 vs peers 1.37)

Ranks #332 of 363 energy companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 48% from December 2022 to August 2026.
Ring Energy had 48% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Ring Energy had 48% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Earnings slid into a loss. Loss per share this year after a profit last year.
Ring Energy made a loss per share in its latest year after a profit the year before.
Valuation signals disagree. Cheaper than 80% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 80% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), Ring Energy looks cheaper than 80% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Ring Energy looks cheaper than 80% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $65M profit in the quarter to June 2026.
Ring Energy reported a net loss over the last twelve months, but its most recent quarter was profitable ($65M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

StockQuotient Score

27/ 100▲ 1 since Oct 27 close

Oct 5 26 → Nov 4 27 (+1)

Valuation

Is the price right?

62/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 24.4% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-65.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.49Sector median: 0.0522 · MAD: 0.0351

EBITDA yield21.6%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 1.84Sector median: 0.1209 · MAD: 0.0518

Free cash flow yield6.1%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.03Sector median: 0.0618 · MAD: 0.0491

Other data (not scored)

Book yield224.2%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5851 · MAD: 0.2677

Growth

Is it growing?

21/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 7.3%

Why it changed since the Oct 27, 2026 close: Score 20 → 21

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -1.87Sector median: 0.0107 · MAD: 0.3431

3-year revenue growth-3.6%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.28Sector median: -0.0135 · MAD: 0.0807

Revenue growth-3.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.33Sector median: 0.0050 · MAD: 0.1101

Profitability

Does it earn well?

1/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 12.8 points to -53.0%

Why it changed since the Oct 27, 2026 close: Score 0 → 1

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-53.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.98Sector median: 0.1169 · MAD: 0.0936

Return on assets-17.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.36Sector median: 0.0444 · MAD: 0.0302

Return on invested capital-18.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.26Sector median: 0.0929 · MAD: 0.0648

Other data (not scored)

Gross margin76.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3310 · MAD: 0.1935

Return on equity-29.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.1014 · MAD: 0.0743

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.84

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.14Sector median: 0.5680 · MAD: 0.2415

Current ratio0.54×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.64Sector median: 1.3710 · MAD: 0.5060

Debt / equity0.48×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -0.05Sector median: 0.4659 · MAD: 0.3175

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Ring Energy

Is Ring Energy getting weaker?: Its latest SEC filing (Aug 5, 2026) was mixed: some things better, some worse: operating margin rose 12.8 points to -53.0%; share count up 24.4%. Its overall score is 27/100, up 1 since Oct 28, 2026.
How is Ring Energy valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 62/100 against 404 energy peers. EBITDA yield 21.6% vs a peer median of 12.1% (stronger than 80% of peers).EBITDA yield 21.6% vs peers 12.1% (stronger than 80% of peers). Earnings yield -65.5% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -65.5% vs peers 5.2% (weaker than 100% of peers).
Is Ring Energy growing?: More slowly than most of its peers. Growth scores 21/100 against 404 energy peers.
How profitable is Ring Energy?: Less profitable than most of its peers. Profitability scores 1/100 against 404 energy peers. Operating margin -53.0% vs a peer median of 11.7% (weaker than 100% of peers).Operating margin -53.0% vs peers 11.7% (weaker than 100% of peers).
How risky is Ring Energy?: Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 0.54× vs a peer median of 1.37× (weaker than 93% of peers).Current ratio 0.54× vs peers 1.37× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Mixed: some things better, some worse

Operating margin rose 12.8 points to -53.0%
Share count up 24.4% (existing holders diluted)

Worth watching: Ring Energy is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	301.8M USD	323.8M USD	+7.3%
Net income (12 months)	−264.4M USD	−220.3M USD	−16.7%
Operating margin	-65.8%	-53.0%	+12.8 pts
Cash	1.0M USD	1.1M USD	+9.3%
Shares outstanding	209.4M	260.5M	+24.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Oil & Gas E&P · 29 companies

Valuations in Oil & Gas E&P are within their usual range since Feb 2018.

57% of months since Feb 2018 were valued lower than now.
25% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +29% and earnings −8% (medians): prices rose faster than earnings.
Median price-to-sales is −28% vs the whole market, against a usual −22%.

Feb 2018Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	97.8%	99.5%	99.9%	—	—	—
Operating margin	48.8%	55.2%	40.4%	36.3%	-11.2%	▼ 47 pts
Net margin	1.7%	39.9%	29.0%	18.4%	-11.3%	▼ 30 pts
Return on assets (ROA)	0.5%	10.9%	7.6%	4.8%	-2.5%	▼ 7.3 pts
Return on equity (ROE)	1.1%	21.0%	13.3%	7.9%	-4.2%	▼ 12 pts
Current ratio	0.39×	0.45×	0.49×	0.48×	0.61×	▲ 28%
Quick ratio	0.39×	0.38×	0.44×	0.44×	0.56×	▲ 27%
Debt to equity	0.00×	0.00×	0.00×	0.00×	0.00×	▲ 4.6%
Interest coverage	6.61×	8.28×	3.32×	3.07×	-0.85×	▼ 128%

REI price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.84 vs a peer median of 0.57), though less than the overall market and less short-term liquidity (current ratio 0.54 vs a peer median of 1.37)higher risk: bigger price swings (beta 0.84 vs peers 0.57) and less liquidity (current ratio 0.54 vs peers 1.37)

Ranks #332 of 363 energy companies (bottom 9%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 48% from December 2022 to August 2026.

Ring Energy had 48% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Ring Energy had 48% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Earnings slid into a loss. Loss per share this year after a profit last year.

Ring Energy made a loss per share in its latest year after a profit the year before.

Valuation signals disagree. Cheaper than 80% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 80% of peers on operating cash profit, but only 0% on earnings.

Relative to its operating cash profit (EBITDA), Ring Energy looks cheaper than 80% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Ring Energy looks cheaper than 80% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $65M profit in the quarter to June 2026.

Ring Energy reported a net loss over the last twelve months, but its most recent quarter was profitable ($65M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

Questions investors ask about Ring Energy

Is Ring Energy getting weaker?

Its latest SEC filing (Aug 5, 2026) was mixed: some things better, some worse: operating margin rose 12.8 points to -53.0%; share count up 24.4%. Its overall score is 27/100, up 1 since Oct 28, 2026.

How is Ring Energy valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 62/100 against 404 energy peers. EBITDA yield 21.6% vs a peer median of 12.1% (stronger than 80% of peers).EBITDA yield 21.6% vs peers 12.1% (stronger than 80% of peers). Earnings yield -65.5% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -65.5% vs peers 5.2% (weaker than 100% of peers).

Is Ring Energy growing?

More slowly than most of its peers. Growth scores 21/100 against 404 energy peers.

How profitable is Ring Energy?

Less profitable than most of its peers. Profitability scores 1/100 against 404 energy peers. Operating margin -53.0% vs a peer median of 11.7% (weaker than 100% of peers).Operating margin -53.0% vs peers 11.7% (weaker than 100% of peers).

How risky is Ring Energy?

Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings. Current ratio 0.54× vs a peer median of 1.37× (weaker than 93% of peers).Current ratio 0.54× vs peers 1.37× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

301.8M USD

323.8M USD

+7.3%

Net income (12 months)

−264.4M USD

−220.3M USD

−16.7%

Operating margin

-65.8%

-53.0%

+12.8 pts

Cash

1.0M USD

1.1M USD

+9.3%

Shares outstanding

209.4M

260.5M

+24.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

97.8%

99.5%

99.9%

—

Operating margin

48.8%

55.2%

40.4%

36.3%

-11.2%

▼ 47 pts

Net margin

1.7%

39.9%

29.0%

18.4%

-11.3%

▼ 30 pts

Return on assets (ROA)

0.5%

10.9%

7.6%

4.8%

-2.5%

▼ 7.3 pts

Return on equity (ROE)

1.1%

21.0%

13.3%

7.9%

-4.2%

▼ 12 pts

Current ratio

0.39×

0.45×

0.49×

0.48×

0.61×

▲ 28%

Quick ratio

0.39×

0.38×

0.44×

0.56×

▲ 27%

Debt to equity

0.00×

▲ 4.6%

Interest coverage

6.61×

8.28×

3.32×

3.07×

-0.85×

▼ 128%