Ring Energy: Lowered Free Cash Flow Expectations Despite Strong Q1 Sales Volumes [Seeking Alpha]
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Seeking Alpha
Despite this, Ring's 2024 free cash flow is now projected at $55 million, $12 million less than when I last looked at it. The reduction is mainly due to lower oil prices, with the 2024 oil strip going down by around $5. Continued sales volume outperformance would boost Ring's value, but it will also need to be careful with its leverage. Ring Energy, Inc. NYSE: REI ) reported Q1 2024 sales volumes that were above expectations, although it did not change its full-year guidance range. Due to its relatively strong Q1 results, I am now assuming that Ring's oil sales volumes will Recommended For You Recommended For You About REI Stock More on REI Related Stocks Trending Analysis Trending News
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REI
News
- The 29th Annual EnerCom Denver - The Energy Investment Conference to Host The Energy Transition and Emerging Technology Session Featuring Start-Up Energy and Technology CompaniesPR Newswire
- Ring Energy Announces Management Team Changes [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Management Team ChangesGlobeNewswire
- EnerCom Announces Unparalleled Networking Opportunities at the 29th Annual EnerCom Denver - The Energy Investment Conference, Including Charity Golf Tournament, Monday Cocktail Mixer, Casino Night, and Last Day ReceptionPR Newswire
- Ring Energy, Inc. (AMEX:REI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
REI
Earnings
- 5/6/24 - Miss
REI
Sec Filings
- 6/24/24 - Form 8-K
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- REI's page on the SEC website