Earnings Preview: Ring Energy

Ring Energy REI is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Ring Energy will report an earnings per share (EPS) of $0.07.

Ring Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.01, leading to a 2.34% drop in the share price on the subsequent day.

Here's a look at Ring Energy's past performance and the resulting price change:

Performance of Ring Energy Shares

Shares of Ring Energy were trading at $1.46 as of November 04. Over the last 52-week period, shares are up 8.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Ring Energy visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.