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Annual · values202520242023202220212020201920182017201620152014
Gross Margin
Operating Margin-11.18%36.28%40.38%55.22%48.78%-237.70%30.73%16.63%23.94%-184.87%
EBITDA Margin20.21%63.22%64.92%71.27%67.71%-199.65%59.45%49.13%54.70%-147.65%
Net Margin-11.31%18.42%29.04%39.92%1.69%-224.21%15.07%7.50%2.63%-122.00%
Current Ratio0.610.480.490.450.390.560.660.320.608.270.770.93
Quick Ratio0.560.440.440.380.390.560.660.320.608.270.770.93
Debt / Equity0.25
ROE-4.15%7.86%13.33%20.97%1.11%-85.97%5.63%1.95%0.49%-12.95%-4.86%5.91%
ROA-2.46%4.79%7.62%10.92%0.49%-38.20%3.03%1.59%0.42%-12.24%-3.61%5.02%
Asset Turnover0.220.260.260.270.290.170.200.210.160.10
Book Value / Share4.084.294.034.662.484.047.847.606.757.516.615.51

Ring Energy Inc. is an independent exploration and production company focused on acquiring, developing, and producing oil and natural gas. Its primary operations are concentrated in the Permian Basin, a highly productive region in Texas and New Mexico known for substantial oil reserves. The company strategically prioritizes cost-effective drilling and completion practices to maximize resource extraction and profitability from its assets. By maintaining a lean operational model, Ring Energy Inc. aims to enhance efficiency and adaptability in the ever-fluctuating energy market. The company's influence spans across sectors reliant on both crude oil and natural gas, supporting industries such as transportation, manufacturing, and energy production. As a part of the wider energy market, Ring Energy Inc. contributes to meeting national and international energy demands while adapting to regulatory and environmental considerations that shape the industry's landscape.