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Sunday, July 3, 2022

Ring Energy Inc (REI) stock sky-rocketed in the after-market. Here’s why

The stock of Ring Energy Inc (REI) posted a bullish trend in the regular trading session as well as in the after-hours. REI released the financial results for Q4 and FY21. The REI stock closed the regular trading session at $3.21 and gained 2.23% from the previous day’s trading session. Moreover, the stock of REI gained 8.41% to $3.48 in the after-market. The company declared its participation in the 34th Roth conference. Ring Energy also filed form 10-K with the SEC on 16 March 2022.


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Ring Energy Inc is an oil and gas organization. The firm is occupied with oil and flammable gas acquirement, investigation, improvement, and production exercises. REI has a market capitalization of $318.91 million. The company has its headquarters in Woodlands, Texas, USA.

REI News

On 8 March 2022, REI declared its participation in the 34th Roth meeting. The meeting took place on 13-15 March 2022 in Dana Point, California. The CEO and Vice-chairperson of the company engaged in the one-on-one discussion with the stakeholders physically.

Also, the company will take part in the upcoming 50th Scotia Howard Weil Energy seminar. The conference will be held on 21-23 March 2022 in New Orleans, Louisiana. The CEO of REI, Paul McKinney, and Vice-chairperson, Mr. Alex Dyes will engage in the discussion with the stockholders of the company.

Financials

The company also released the fiscal performance for Q4 and FY21, on 16 March 2022. The key financial are

  • The company’s total sales increased by 90.3% to $59.6 million in Q4 of FY21 versus $31.3 million in Q4 of FY20. Also, total sales in FY21 grew by 73.6% to $196.3 million against $113.0 million in FY20.
  • Moreover, REI had a total income of $24.1 million in Q4 of FY21 compared to the total loss of $160.2 million in Q4 of FY20. Further, REI reported the total income in FY21 to be 3.3 million as compared to the total loss of $253.4 million in FY20.
  • Besides, the company had an EPS of $0.20 and $0.03 in Q4 and FY21, individually.

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