Ring Energy Releases Third Quarter and Nine Month 2018 Financial and Operational Results
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Ring Energy (REI) Misses Q3 EPS by 2c, Revenues Beat
November 6, 2018 5:14 PM ESTRing Energy (NYSE: REI) reported Q3 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $32.69 million versus the consensus estimate of $30.95 million.
Mr. Kelly Hoffman, the Companys Chief Executive Officer, commented, The third quarter production results confirmed we are back on track to show steady, low double-digit production growth quarter over quarter. Our third quarter production showed an increase of close to 13% over the second quarter, and our average daily... More
