Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024 [Yahoo! Finance]
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Yahoo! Finance
THE WOODLANDS, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational and financial update for the fourth quarter of 2023, as well as production and capital spending guidance for the first quarter of 2024. Key Highlights Fourth quarter 2023 sales volumes were approximately 19,400 barrels of oil equivalent per day (“Boe/d”) (70% oil), near the high end of the Company's guidance, which was 18,900 to 19,500 Boe/d; Positively impacting fourth quarter sales was three full months of production from the recently completed acquisition of the Founders Oil & Gas IV, LLC (“Founders” and the “Founders Acquisition”) assets that closed on August 15, 2023, as well as the success of the Company's 2023 development program that concluded in late November; Further reduced debt by $3.0 million in the fourth quarter of 2023, while also funding the $11.9 million final payment in December for the Founders Acquisition;
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 Announces Timing of First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Ring Energy: The Transition Continues [Seeking Alpha]Seeking Alpha
- Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024 [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024GlobeNewswire
REI
Earnings
- 3/7/24 - Miss
REI
Sec Filings
- 4/19/24 - Form 8-K
- 4/16/24 - Form DEF
- 3/8/24 - Form 4
- REI's page on the SEC website