Added to YB: 2024-01-29
Pitch date: 2024-01-28
REI [bullish]
Ring Energy, Inc.
-36.8%
current return
Author Info
No bio for this author
Company Info
Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties.
Market Cap
$204.1M
Pitch Price
$1.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.18
P/E
-12.17
EV/Sales
2.06
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Ring Energy: Value Is Still In The Doghouse
$REI reducing debt via M&A, targeting 1.0 ratio & higher FCF. Q3 progress despite weak prices; Founders deal to boost CF w/o more buys. Conventional ops face less competition, potentially higher profits vs. unconventional. Stagnant stock awaits market approval; mgmt focusing on ideal production & FCF via M&A & low breakeven drilling. Strong buy w/ upside, but patience needed & no divs soon.
Read full article (5 min)