Ring Energy (REI)
Permian Basin producer of oil, natural gas, and natural-gas liquids.
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Develops and produces crude oil, natural gas, and natural-gas liquids from conventional Permian Basin properties, selling commodities into nearby infrastructure. Its single operating segment is entirely concentrated in two Texas core areas.
Develops conventional oil- and liquids-rich properties in the Texas Permian Basin, with core positions on the Central Basin Platform and Northwest Shelf. The single Exploration and Production segment sells crude oil, natural gas, and natural-gas liquids to end users, marketers, and other purchasers connected to nearby pipelines.
Combines horizontal and vertical drilling with recompletions, reactivations, workovers, field infrastructure, and saltwater disposal, applying modern techniques to stacked-pay reservoirs. Growth and maintenance of output depend on developing reserves and acquiring additional recoverable properties.
All revenue and properties are concentrated in the Texas Permian Basin. Cash generation depends on production volumes, commodity prices and differentials, operating and development costs, derivatives, and access to gathering, processing, and transportation systems; the revolving credit facility's borrowing base is periodically redetermined from reserves and commodity-price inputs.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Sep 2, 2026 | Mizuho Securities | Target | $2 |
| Jul 27, 2026 | Industrial Alliance Securities | Target | $2.25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.1M · Total debt $363.8M · Total assets $1.28B · Shareholders' equity $753.4M
- Revenue
- $104.7M
- Operating income
- $50.3M
- Net income
- $64.8M
No dividends on record.
| Institutions131 holders · as of Mar 31, 2026 | 30.09% | 78.39M shares | |
| Insiders1 holder · as of Feb 23, 2026 | 5.66% | 14.76M shares | |
| Otherremainder | 64.25% | 167.39M shares |
260.54M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
PEAK6 Capital Management LLCInstitution | 6.56% | 17.08M | 13Gfiled Aug 14, 2026 ↗ |
William R. KruseInsider | 5.66% | 14.76M | 13Gfiled Feb 23, 2026 ↗ |
Vanguard Capital Management LLCInstitution | 2.88% | 7.51M | 13Fas of Mar 31, 2026 |
Ameriprise Financial IncInstitution | 2.56% | 6.67M | 13Fas of Mar 31, 2026 |
Two Sigma Investments, LPInstitution | 2.32% | 6.06M | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Occidental Petroleum
Largest Permian rival across oil production, acreage, services, and EOR.
- Riley Exploration Permian
Closest public peer in Northwest Shelf horizontal and vertical development.
- ConocoPhillips
Scaled Permian producer with formidable capital and acquisition capacity.
- Crescent Energy
Acquisition-led Permian producer targeting mature oil-and-gas assets.
- Mach Natural Resources
West Texas Permian producer with overlapping oil, gas, NGL, and service needs.
- Diversified Energy
Mature-well acquirer overlapping in local properties and commodity markets.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ring Energy | $1.50 | 0.00% | $390.8M | — | 7.4 | 1.2 | +26.7% |
| Occidental Petroleum | $61.20 | +0.49% | $60.58B | 9.4 | 13.6 | 2.4 | +27.7% |
| Riley Exploration Permian | $41.05 | −0.27% | $894.3M | 7.5 | 5.5 | 1.8 | +94.2% |
| ConocoPhillips | $135.51 | −1.22% | $167.15B | 18.2 | 14.1 | 2.6 | +39.7% |
| Crescent Energy | $14.20 | −0.46% | $4.71B | — | 6.8 | 1.1 | +55.3% |
| Mach Natural Resources | $12.70 | −0.08% | $2.12B | 22.7 | 9.4 | 1.5 | +40.7% |
| Diversified Energy | $15.38 | +0.89% | $1.10B | 1.8 | — | 0.7 | — |
| Median | 9.4 | 9.4 | 1.7 | +40.7% |