REI
Ring Energy, Inc.
REI lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
REI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Strong | |
| Weak |
REI's revenue and cash flow are currently healthy, but its profitability and balance sheet are weak.
REI PE Valuation
REI has no meaningful PE right now: it lost money over the past year.
REI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for REI, with profitability improving. However, they disagree widely on these estimates.
REI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.31 | — |
| Q3 2026 | -$0.92 | -$0.85 |
| Q2 2026 | -$1.11 | -417% |
| Q1 2026 | -$1.28 | -456% |
| Q4 2025 | -$0.17 | -150% |
| Q3 2025 | -$0.07 | -112% |
| Q2 2025 | $0.35 | -2.8% |
| Q1 2025 | $0.36 | -10% |
| Q4 2024 | $0.34 | -37% |
REI is still losing money, but far less than before: $0.92 per share over the past year, against $4.04 at its worst in early 2021.
REI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $102.3M | +30% |
| Q2 2026 | $104.7M | +27% |
| Q1 2026 | $73.7M | -6.9% |
| Q4 2025 | $66.9M | -20% |
| Q3 2025 | $78.6M | -12% |
| Q2 2025 | $82.6M | -17% |
| Q1 2025 | $79.1M | -16% |
| Q4 2024 | $83.4M | -17% |
REI's revenue is growing: $102M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | +115 points |
| Q2 2026 | 48% | +20 points |
| Q1 2026 | -193% | -221 points |
| Q4 2025 | -38% | -66 points |
| Q3 2025 | -70% | -103 points |
| Q2 2025 | 28% | -14 points |
| Q1 2025 | 28% | -12 points |
| Q4 2024 | 28% | -13 points |
REI's operating margin was 44% last quarter, up 114 points from the same quarter a year ago.
REI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $63.1M | +42% |
| Q2 2026 | $40.8M | +23% |
| Q1 2026 | $25.9M | -8.7% |
| Q4 2025 | $44.7M | -5.5% |
| Q3 2025 | $44.5M | -13% |
| Q2 2025 | $33.3M | -34% |
| Q1 2025 | $28.4M | -37% |
| Q4 2024 | $47.3M | -15% |
REI's free cash flow has been positive every quarter for seven years: $174M over the past year, up 14% from the year before.
REI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.6% | +22.7M shares |
| 1 year | +26% | +53.8M shares |
| 3 years | +33% | +65.2M shares |
| 5 years | +162% | +161M shares |
| Available history | +290% | +194M shares |
REI has 261M diluted shares, up 26% from a year ago.
REI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 24.6x | High |
| Q4 2025 | 6.8x | High |
| Q3 2025 | 3.8x | Elevated |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 1.7x | Healthy |
| Q3 2024 | 1.6x | Healthy |
| Q2 2024 | 1.6x | Healthy |
REI's net debt is more than 20 years of its operating earnings (EBITDA), up from 2.1 years a year ago.
REI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 32.8 | Neutral |
REI's weekly RSI is 44 (neutral) and its Stochastic is 33 (neutral).
REI PE vs Energy Sector
| Metric | REI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
REI has no meaningful PE right now: it lost money over the past year.
REI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.31 | 8.4% below |
| 20 week MA | $1.33 | 9.8% below |
| 50 week MA | $1.29 | 7% below |
| 100 week MA | $1.15 | 4.3% above |
| 200 week MA | $1.47 | 18% below |
REI's trend is mixed: it's above one of its five weekly moving averages, and 18% below its 200-week average.
REI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.54 | $0.71 | -72% |
| 2021 | $0.71 | $2.36 | +232% |
| 2022 | $2.36 | $2.37 | +0.4% |
| 2023 | $2.37 | $1.46 | -38% |
| 2024 | $1.46 | $1.25 | -14% |
| 2025 | $1.25 | $0.87 | -30% |
| 2026 YTD | $0.87 | $1.20 | +38% |
REI has finished three years in a row lower, and it's up 38% so far in 2026.