Ring Energy Past Earnings Performance
Past criteria checks 5/6
Ring Energy has been growing earnings at an average annual rate of 42.5%, while the Oil and Gas industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 23% per year. Ring Energy's return on equity is 13.2%, and it has net margins of 30.8%.
Key information
42.5%
Earnings growth rate
36.3%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 23.0% |
| Return on equity | 13.2% |
| Net Margin | 30.8% |
| Last Earnings Update | 30 Sep 2024 |
Revenue & Expenses Breakdown
How Ring Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 366 | 113 | 35 | 0 |
| 30 Jun 24 | 369 | 71 | 35 | 0 |
| 31 Mar 24 | 349 | 78 | 35 | 0 |
| 31 Dec 23 | 343 | 105 | 35 | 0 |
| 30 Sep 23 | 342 | 68 | 32 | 0 |
| 30 Jun 23 | 343 | 151 | 32 | 0 |
| 31 Mar 23 | 349 | 164 | 30 | 0 |
| 31 Dec 22 | 330 | 139 | 27 | 0 |
| 30 Sep 22 | 292 | 148 | 23 | 0 |
| 30 Jun 22 | 250 | 87 | 20 | 0 |
| 31 Mar 22 | 214 | 30 | 19 | 0 |
| 31 Dec 21 | 187 | 3 | 17 | 0 |
| 30 Sep 21 | 160 | -181 | 19 | 0 |
| 30 Jun 21 | 143 | -197 | 17 | 0 |
| 31 Mar 21 | 108 | -316 | 18 | 0 |
| 31 Dec 20 | 108 | -253 | 18 | 0 |
| 30 Sep 20 | 128 | -88 | 19 | 0 |
| 30 Jun 20 | 146 | -77 | 19 | 0 |
| 31 Mar 20 | 185 | 69 | 17 | 0 |
| 31 Dec 19 | 187 | 29 | 17 | 0 |
| 30 Sep 19 | 163 | 17 | 15 | 0 |
| 30 Jun 19 | 146 | 14 | 15 | 0 |
| 31 Mar 19 | 126 | 8 | 13 | 0 |
| 31 Dec 18 | 114 | 9 | 13 | 0 |
| 30 Sep 18 | 110 | 12 | 12 | 0 |
| 30 Jun 18 | 95 | 9 | 12 | 0 |
| 31 Mar 18 | 80 | 6 | 11 | 0 |
| 31 Dec 17 | 64 | 2 | 11 | 0 |
| 30 Sep 17 | 51 | 6 | 10 | 0 |
| 30 Jun 17 | 42 | -3 | 9 | 0 |
| 31 Mar 17 | 35 | -21 | 9 | 0 |
| 31 Dec 16 | 29 | -38 | 8 | 0 |
| 30 Sep 16 | 27 | -45 | 8 | 0 |
| 30 Jun 16 | 28 | -40 | 8 | 0 |
| 31 Mar 16 | 30 | -23 | 8 | 0 |
| 31 Dec 15 | 30 | -9 | 8 | 0 |
| 30 Sep 15 | 32 | 1 | 8 | 0 |
| 30 Jun 15 | 34 | 4 | 7 | 0 |
| 31 Mar 15 | 36 | 6 | 7 | 0 |
| 31 Dec 14 | 36 | 8 | 7 | 0 |
| 30 Sep 14 | 32 | 7 | 7 | 0 |
| 30 Jun 14 | 24 | 5 | 7 | 0 |
| 31 Mar 14 | 14 | 2 | 7 | 0 |
| 31 Dec 13 | 10 | 0 | 7 | 0 |
Quality Earnings: REI has high quality earnings.
Growing Profit Margin: REI's current net profit margins (30.8%) are higher than last year (20%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: REI's earnings have grown significantly by 42.5% per year over the past 5 years.
Accelerating Growth: REI's earnings growth over the past year (64.6%) exceeds its 5-year average (42.5% per year).
Earnings vs Industry: REI earnings growth over the past year (64.6%) exceeded the Oil and Gas industry -14.2%.
Return on Equity
High ROE: REI's Return on Equity (13.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 07:30 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ring Energy, Inc. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Grampp | Alliance Global Partners |
| Rehan Rashid | B. Riley Securities, Inc. |
| Eli J. Kantor | Canaccord Genuity |