Ring Energy, Inc.
REI

$247.75 M
Marketcap
$1.25
Share price
Country
$-0.01
Change (1 day)
$2.20
Year High
$1.21
Year Low

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.

marketcap

P/S ratio for Ring Energy, Inc. (REI)

P/S ratio as of 2023: 0.77

According to Ring Energy, Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.77. At the end of 2022 the company had a P/S ratio of 0.86.

P/S ratio history for Ring Energy, Inc. from 2001 to 2023

P/S ratio at the end of each year

Year P/S ratio
2023 0.77
2022 0.86
2021 1.15
2020 0.43
2019 0.90
2018 2.52
2017 10.71
2016 16.30
2015 6.41
2014 6.82
2013 19.37
2012 26.50
2011 5452.73
2010 1716.39
2009 0.00
2008 0.00
2007 0.00
2006 0.00
2005 0.00
2001 0.00