REI
Price:
$1.14
Market Cap:
$237.27M
Ring Energy, Inc. operates as an oil and natural gas exploration and production firm, concentrating its efforts on the acquisition, development, and extraction of these resources across Texas and New Mexico. By the close of 2021, specifically December 31st, the company had established proved reserves totaling roughly 77.8 million barrels of oil equivalent. Its asset portfolio includes significant acreage: 18,882 net developed acres alongside 1,406 net undeveloped acres in Texas's Andrews and Gaines counties; an additional 18,437 net developed acres situated in Culberson and Reeves counties, Texas; and a combined 13,662 net developed acres with 11,993 net undeveloped acres located across Yoak...[Read more]
Industry
Oil & Gas Exploration & Production
IPO Date
2007-04-10
Stock Exchange
AMEX
Ticker
REI
According to Ring Energy, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.40. This represents a change of -27.12% compared to the average of 0.55 of the last 4 quarters.
The mean historical Current Ratio of Ring Energy, Inc. over the last ten years is 1.28. The current 0.40 Current Ratio has changed 3.02% with respect to the historical average. Over the past ten years (40 quarters), REI's Current Ratio was at its highest in in the December 2016 quarter at 8.27. The Current Ratio was at its lowest in in the September 2021 quarter at 0.30.
Average
1.28
Median
0.53
Minimum
0.32
Maximum
8.27
Discovering the peaks and valleys of Ring Energy, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 975.07%
Maximum Annual Current Ratio = 8.27
Minimum Annual Increase = -92.73%
Minimum Annual Current Ratio = 0.32
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 0.61 | 28.00% |
| 2024 | 0.48 | -2.24% |
| 2023 | 0.49 | 10.28% |
| 2022 | 0.45 | 14.58% |
| 2021 | 0.39 | -30.95% |
| 2020 | 0.56 | -14.05% |
| 2019 | 0.66 | 101.87% |
| 2018 | 0.32 | -46.03% |
| 2017 | 0.60 | -92.73% |
| 2016 | 8.27 | 975.07% |
The current Current Ratio of Ring Energy, Inc. (REI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.53
5-year avg
0.48
10-year avg
1.28
Ring Energy, Inc.’s Current Ratio is less than Imperial Petroleum Inc. (5.77), less than Amplify Energy Corp. (1.16), less than Houston American Energy Corp. (1.65), less than Infinity Natural Resources, Inc. (0.87), less than PrimeEnergy Resources Corporation (1.06), less than Kolibri Global Energy Inc. (0.75), greater than New Era Energy & Digital, Inc. (0.10), less than DMC Global Inc. (2.39), less than Evolution Petroleum Corporation (0.61), less than Gran Tierra Energy Inc. (0.53),
| Company | Current Ratio | Market cap |
|---|---|---|
| 5.77 | $183.82M | |
| 1.16 | $170.52M | |
| 1.65 | $74.23M | |
| 0.87 | $196.74M | |
| 1.06 | $283.62M | |
| 0.75 | $174.59M | |
| 0.10 | $357.95M | |
| 2.39 | $143.90M | |
| 0.61 | $138.27M | |
| 0.53 | $260.60M |
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What is the Current Ratio?
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What is the 3-year average Current Ratio for Ring Energy, Inc. (REI)?
What is the 5-year average Current Ratio for Ring Energy, Inc. (REI)?
How does the current Current Ratio for Ring Energy, Inc. (REI) compare to its historical average?