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Ring Energy

OverviewSuggest Edit

Ring Energy is an oil and gas exploration, development and production company. The Company's exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States. Ring Energy's drilling operations target the Central Basin Platform in Andrews County and Gaines County, Texas, as well as the Delaware Basin in Reeves County and Culberson County, Texas.

TypePublic
Founded1983
HQMidland, TX, USMap
Websiteringenergy.com
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Employees (est.) (Feb 2019)37(+24%)
Revenue (FY, 2019)$195.7 M(+63%)
Share Price (Feb 2021)$1.6 (+19%)
Cybersecurity ratingAMore

Key People/Management at Ring Energy

Stan McCabe

Stan McCabe

Co-Founder and Director
Kelly Hoffman

Kelly Hoffman

CEO and Director
Hollie Lamb

Hollie Lamb

Vice President of Engineering
David A. Fowler

David A. Fowler

President and Director
Thomas L Mitchell

Thomas L Mitchell

Director
Anthony B. Petrelli

Anthony B. Petrelli

Director
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Ring Energy Office Locations

Ring Energy has an office in Midland
Midland, TX, US (HQ)
901 W Wall St
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Ring Energy Financials and Metrics

Ring Energy Revenue

Ring Energy's revenue was reported to be $195.70 m in FY, 2019
USD

Revenue (Q2, 2020)

10.6m

Gross profit (Q2, 2020)

3.6m

Gross profit margin (Q2, 2020), %

33.5%

Net income (Q2, 2020)

(135.0m)

EBIT (Q2, 2020)

(156.8m)

Market capitalization (5-Feb-2021)

133.1m

Closing stock price (5-Feb-2021)

1.6

Cash (30-Jun-2020)

17.2m

EV

491.8m
Ring Energy's current market capitalization is $133.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.6k1.8m10.3m38.1m37.3m30.9m66.7m120.1m195.7m

Cost of goods sold

27.8m48.5m

Gross profit

92.3m147.2m

Gross profit Margin, %

77%75%
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

342.5k374.7k1.2m1.3m2.8m6.0m11.2m10.9m6.0m11.4m8.6m6.1m7.8m12.2m14.5m16.6m29.9m29.9m32.7m41.8m51.3m50.3m39.6m10.6m

Cost of goods sold

917.1k6.6m7.2m9.4m11.6m15.5m10.4m7.1m

Gross profit

1.9m23.3m25.5m32.4m39.8m34.9m29.2m3.6m

Gross profit Margin, %

67%78%78%77%77%69%74%34%
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.4m5.4m52.4m8.6m4.4m71.1m15.0m3.4m10.0m

Accounts Receivable

418.0k3.9m3.6m2.5m3.5m12.8m12.6m22.9m

Prepaid Expenses

1.1k60.4k66.1k160.6k146.1k226.8k229.4k258.9k4.0m

Current Assets

4.4m5.9m56.3m15.1m8.7m75.2m29.1m16.8m38.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

885.3k620.9k8.0m6.6m9.8m4.0m18.4m7.9m37.7m45.5m29.1m2.9m5.8m3.1m3.8m8.3m2.2m55.4m12.1m40.9m47.0m13.4m3.8m2.6m10.6m7.6m12.5m17.2m

Accounts Receivable

90.8k130.8k484.3k463.9k1.7m2.9m4.8m3.0m2.9m4.0m2.7m2.4m2.9m3.0m4.8m8.0m7.6m13.4m11.3m11.6m27.9m21.8m18.3m12.0m8.7m

Prepaid Expenses

1.1k1.5k150.9k120.7k63.0k93.2k68.6k47.2k259.1k216.9k149.7k1.2m320.3k170.7k422.2k330.6k132.8k419.8k327.1k131.0k437.7k379.2k3.0m3.5m3.3m397.8k584.4k

Current Assets

887.8k623.0k8.0m6.9m10.1m4.5m19.0m9.7m40.7m50.6m33.6m8.9m13.6m8.8m7.2m12.5m6.2m60.6m21.4m49.7m61.3m26.5m17.6m36.5m38.6m33.8m64.8m39.8m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(320.2k)(1.7m)(452.2k)8.4m(9.1m)(37.6m)1.8m9.0m29.5m

Depreciation and Amortization

1.2k506.8k2.3m11.8m15.2m11.5m20.5m39.0m56.2m

Accounts Payable

225.01.1m6.0m9.0m(4.9m)(2.2m)12.4m4.4m12.3m

Cash From Operating Activities

(322.4k)(31.9k)8.1m33.7m9.8m11.2m42.8m70.4m106.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(16.3k)(307.4k)(65.5k)(1.2m)(1.8m)(965.3k)(1.9m)(2.0m)1.2m4.0m5.7m(975.6k)(441.5k)(1.6m)(15.3m)(31.2m)(37.2m)1.3m3.2m6.3m5.7m10.4m16.1m11.1m23.5m33.4m43.8m(91.2m)

Depreciation and Amortization

899.0300.0175.8k293.1k343.6k740.3k1.7m1.5m5.0m9.5m3.7m6.9m11.5m3.4m6.0m8.5m3.5m8.6m13.4m8.5m17.6m28.6m12.9m27.5m41.7m13.7m21.0m

Accounts Payable

(3.3k)23.8k302.9k1.6m(510.0k)839.6k4.1m2.4m1.4m1.9m(9.3m)(9.3m)(8.7m)(4.1m)(7.8m)(3.9m)4.8m7.4m7.1m(32.7m)(3.6m)(3.0m)2.1m(1.1m)(6.6m)(22.1m)

Cash From Operating Activities

(310.2k)(80.8k)(509.0k)510.6k(373.4k)1.4m5.0m7.5m13.0m22.0m(6.0m)(2.9m)2.6m(1.7m)(3.0m)4.9m11.0m18.1m28.3m(13.7m)33.3m52.0m9.8m35.4m62.6m27.5m30.2m
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USDQ2, 2011

Financial Leverage

1 x
Show all financial metrics

Ring Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

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Ring Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Ring Energy Online and Social Media Presence

Ring Energy's Trends

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Ring Energy News and Updates

March 02, 2020

American Resources and SK Energy Deliver Letter to the Board of Directors of Ring Energy, Inc.

HOUSTON, March 2, 2020 /PRNewswire/ -- American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy, Inc., today announced that they have delivered a joint letter to Ring Energy's Board of Directors regarding...
October 16, 2019

Ring Energy, Inc. Releases Third Quarter and Nine Month 2019 Operations Update

Management Provides New Decline Curves and Economics on Northwest Shelf and Central Basin Platform Wells.read more
May 09, 2018

Ring Energy's (REI) CEO Kelly Hoffman on Q1 2018 Results - Earnings Call Transcript

 Ring Energy Frequently Asked Questions

  • When was Ring Energy founded?

    Ring Energy was founded in 1983.

  • Who are Ring Energy key executives?

    Ring Energy's key executives are Stan McCabe, Kelly Hoffman and Hollie Lamb.

  • How many employees does Ring Energy have?

    Ring Energy has 37 employees.

  • What is Ring Energy revenue?

    Latest Ring Energy annual revenue is $195.7 m.

  • What is Ring Energy revenue per employee?

    Latest Ring Energy revenue per employee is $5.3 m.

  • Who are Ring Energy competitors?

    Competitors of Ring Energy include Calima Energy, Oil Search and Alta Mesa Holdings.

  • Where is Ring Energy headquarters?

    Ring Energy headquarters is located at 901 W Wall St, Midland.

  • Where are Ring Energy offices?

    Ring Energy has an office in Midland.

  • How many offices does Ring Energy have?

    Ring Energy has 1 office.