Ring Energy (REI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ring Energy

NYSE American•Energy•Oil & Gas E&P

$1.52+0.02(0.01%)Pre-market

Market Cap

$341.57M

P/S

1.1x

P/B

0.5x

Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 74,717 net developed acres and 4,366 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,833 net developed acres and 8,318 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in The Woodlands, Texas.

How this company scores

WeakMetricSide Score: 38/100

Strongest: Cash & Earnings Quality (17/25); weakest: Growth (2/25).

Profitability3/25

Growth2/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality17/25

Strengths

Rising free cash flowLow leverageImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 2.4x5y range 1.4x – 52.6x

Currently below its 15-quarter median.

P/S · 1.1x5y range 0.5x – 1.1x

Currently above its 20-quarter median.

P/B · 0.5x5y range 0.2x – 0.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 312.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $341.57M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $323.84M
Q. Revenue: $104.68M
TTM EBITDA: $-81.97M
TTM Op. Income: $-171.72M
Q. Op. Income: $50.27M
TTM Net Income: $-220.27M
Q. Net Income: $64.79M
EPS: $0.28
Shares Out.: $233.95M

$323.84M in TTM revenue declined 3.2% YoY, reaching $104.68M last quarter. TTM EBITDA of $-81.97M and TTM operating income of $-171.72M show growth is flowing through to the bottom line. However, net income is negative at $220.27M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 3% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 67.2%
Op. Margin: 48.0%
Net Margin: 61.9%

Op. margin of 48.0% is up 19.6% YoY — cost efficiency is improving. Net margin at 61.9% Over the past year, operating margin is up 69% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.1x
P/B Ratio: 0.5x

P/S of 1.1x and P/B of 0.5x. P/S is low relative to typical market levels. Across the last 4 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.28B
Cash: $1.14M
Long-Term Debt: $360.00M
Book Value: $753.42M
D/E Ratio: 0.5
Debt/EBITDA: 5.1

With $1.28B in assets and $360.00M in long-term debt, D/E is 0.5and book value is $753.42M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 4% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $40.79M
TTM Free Cash Flow: $37.48M
FCF Margin: 11.6%
FCF / Net Income: -0.2

TTM FCF of $37.48M on $40.79M in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.