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
Show less
Read more
Impact Snapshot
Event Time:
REI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
REI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
REI alerts
High impacting Ring Energy, Inc. news events
Weekly update
A roundup of the hottest topics
REI
News
- 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
- Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 OutlookGlobeNewswire
- Ring Energy Inc (REI) Q3 2024: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
REI
Earnings
- 11/6/24 - Miss
REI
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 8-K
- 11/6/24 - Form 10-Q
- REI's page on the SEC website