Ring Energy: APA Transaction Points To Potential Upside [Seeking Alpha]
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Seeking Alpha
Summary APA sold CBP and NW Shelf assets for $950 million. The metrics for this deal suggest a valuation for Ring's shares that could be approximately 50% to 100% higher than its current share price. Ring will likely need to reduce its leverage without significant dilution to achieve this potential upside, though. Ring's 1.59x leverage is still relatively high for an upstream company, although much improved from several years ago. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Torsten Asmus Ring Energy's ( NYSE: REI Q3 2024 total sales volumes exceeded the high-end of its guidance . However, this was driven by its non-oil sales volumes as its oil sales volumes were below the midpoint of its guidance (although Free Trial Offer We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities a
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REI
News
- Ring Energy Announces Addition to Management Team [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Addition to Management TeamGlobeNewswire
- Ring Energy Inc (REI) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
- Ring Energy, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook [Yahoo! Finance]Yahoo! Finance
REI
Earnings
- 11/6/24 - Miss
REI
Sec Filings
- 12/20/24 - Form S-3
- 12/11/24 - Form 4
- 12/4/24 - Form 8-K
- REI's page on the SEC website