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.
Type | Public | |
Founded | 1983 | |
HQ | Midland, TX, US | Map |
Website | ringenergy.com |
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 |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
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Revenue | 342.5k | 374.7k | 1.2m | 1.3m | 2.8m | 6.0m | 11.2m | 10.9m | 6.0m | 11.4m | 8.6m | 6.1m | 7.8m | 12.2m | 14.5m | 16.6m | 29.9m | 29.9m | 32.7m | 41.8m | 51.3m | 50.3m | 39.6m | 10.6m | |||
Cost of goods sold | 917.1k | 6.6m | 7.2m | 9.4m | 11.6m | 15.5m | 10.4m | 7.1m | |||||||||||||||||||
Gross profit | 1.9m | 23.3m | 25.5m | 32.4m | 39.8m | 34.9m | 29.2m | 3.6m | |||||||||||||||||||
Gross profit Margin, % | 67% | 78% | 78% | 77% | 77% | 69% | 74% | 34% |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
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Cash | 885.3k | 620.9k | 8.0m | 6.6m | 9.8m | 4.0m | 18.4m | 7.9m | 37.7m | 45.5m | 29.1m | 2.9m | 5.8m | 3.1m | 3.8m | 8.3m | 2.2m | 55.4m | 12.1m | 40.9m | 47.0m | 13.4m | 3.8m | 2.6m | 10.6m | 7.6m | 12.5m | 17.2m |
Accounts Receivable | 90.8k | 130.8k | 484.3k | 463.9k | 1.7m | 2.9m | 4.8m | 3.0m | 2.9m | 4.0m | 2.7m | 2.4m | 2.9m | 3.0m | 4.8m | 8.0m | 7.6m | 13.4m | 11.3m | 11.6m | 27.9m | 21.8m | 18.3m | 12.0m | 8.7m | |||
Prepaid Expenses | 1.1k | 1.5k | 150.9k | 120.7k | 63.0k | 93.2k | 68.6k | 47.2k | 259.1k | 216.9k | 149.7k | 1.2m | 320.3k | 170.7k | 422.2k | 330.6k | 132.8k | 419.8k | 327.1k | 131.0k | 437.7k | 379.2k | 3.0m | 3.5m | 3.3m | 397.8k | 584.4k | |
Current Assets | 887.8k | 623.0k | 8.0m | 6.9m | 10.1m | 4.5m | 19.0m | 9.7m | 40.7m | 50.6m | 33.6m | 8.9m | 13.6m | 8.8m | 7.2m | 12.5m | 6.2m | 60.6m | 21.4m | 49.7m | 61.3m | 26.5m | 17.6m | 36.5m | 38.6m | 33.8m | 64.8m | 39.8m |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
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Net Income | (320.2k) | (1.7m) | (452.2k) | 8.4m | (9.1m) | (37.6m) | 1.8m | 9.0m | 29.5m |
Depreciation and Amortization | 1.2k | 506.8k | 2.3m | 11.8m | 15.2m | 11.5m | 20.5m | 39.0m | 56.2m |
Accounts Payable | 225.0 | 1.1m | 6.0m | 9.0m | (4.9m) | (2.2m) | 12.4m | 4.4m | 12.3m |
Cash From Operating Activities | (322.4k) | (31.9k) | 8.1m | 33.7m | 9.8m | 11.2m | 42.8m | 70.4m | 106.6m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
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Net Income | (16.3k) | (307.4k) | (65.5k) | (1.2m) | (1.8m) | (965.3k) | (1.9m) | (2.0m) | 1.2m | 4.0m | 5.7m | (975.6k) | (441.5k) | (1.6m) | (15.3m) | (31.2m) | (37.2m) | 1.3m | 3.2m | 6.3m | 5.7m | 10.4m | 16.1m | 11.1m | 23.5m | 33.4m | 43.8m | (91.2m) |
Depreciation and Amortization | 899.0 | 300.0 | 175.8k | 293.1k | 343.6k | 740.3k | 1.7m | 1.5m | 5.0m | 9.5m | 3.7m | 6.9m | 11.5m | 3.4m | 6.0m | 8.5m | 3.5m | 8.6m | 13.4m | 8.5m | 17.6m | 28.6m | 12.9m | 27.5m | 41.7m | 13.7m | 21.0m | |
Accounts Payable | (3.3k) | 23.8k | 302.9k | 1.6m | (510.0k) | 839.6k | 4.1m | 2.4m | 1.4m | 1.9m | (9.3m) | (9.3m) | (8.7m) | (4.1m) | (7.8m) | (3.9m) | 4.8m | 7.4m | 7.1m | (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) | 1.4m | 5.0m | 7.5m | 13.0m | 22.0m | (6.0m) | (2.9m) | 2.6m | (1.7m) | (3.0m) | 4.9m | 11.0m | 18.1m | 28.3m | (13.7m) | 33.3m | 52.0m | 9.8m | 35.4m | 62.6m | 27.5m | 30.2m |
USD | Q2, 2011 |
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Financial Leverage | 1 x |
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.
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