Ring Energy Inc
Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. 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 incorporated in 2004 and is headquartered in The Woodlands, Texas. Show More...
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Website https://www.ringenergy.com
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Sector Energy
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Industry Oil & Gas E&P
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Last Quote 0.74 USD
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Last Updated 30-05-2025
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External Links Yahoo Finance Morningstar Ratios
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Interest Coverage
The interest coverage ratio is a debt ratio and profitability ratio used to determine how easily a company can pay interest on its outstanding debt.
Reference: Investopedia -
2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-12 2017-12 2018-12 2019-12 TTM Earnings Per Share USD -0.02 -0.09 -0.21 -0.03 0.33 -0.32 -0.97 0.03 0.15 0.44 1.01 Dividends USD Payout Ratio % * Shares Mil 4.0 4.0 8.0 16.0 26.0 28.0 39.0 53.0 61.0 67.0 68.0 Book Value Per Share * USD 0.26 0.13 1.85 1.94 5.41 6.35 4.31 6.64 7.24 7.74 8.36 Free Cash Flow Per Share * USD -0.02 -0.09 -1.29 -1.49 -2.58 -4.28 -0.59 -1.99 -2.29 -5.3 Return on Assets % -7.95 -10.29 -9.88 -0.64 6.03 -4.33 -13.48 0.49 1.83 3.83 7.13 Financial Leverage (Average) 1.01 1.0 1.09 1.09 1.18 1.35 1.06 1.16 1.23 1.86 1.78 Return on Equity % -8.06 -10.31 -10.61 -0.7 6.87 -5.51 -15.79 0.54 2.2 5.98 13.24 Return on Invested Capital % -8.39 -10.44 -9.45 -0.72 6.82 -4.08 -15.63 0.49 2.06 5.58 11.0 Interest Coverage -8.0 -36.87 -17.76 -87.79 30.09 4.12 6.21 Current Ratio 140.9 784.05 4.94 7.79 0.93 0.77 8.27 0.6 0.32 0.66 1.6 Quick Ratio 140.46 783.69 4.89 7.78 0.92 0.76 8.24 0.6 0.32 0.59 0.75 Debt/Equity 0.25 0.09 0.7 0.65