Ring Energy Announces First Quarter 2020 Financial and Operational Results
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Ring Energy (REI) Tops Q1 EPS by 57c, Revenues Miss
May 11, 2020 4:46 PM EDTRing Energy (NYSE: REI) reported Q1 EPS of $0.64, $0.57 better than the analyst estimate of $0.07. Revenue for the quarter came in at $39.57 million versus the consensus estimate of $41.86 million.
The Companys Chief Executive Officer, Mr. Kelly Hoffman, stated, The first quarter has been a challenging time for all oil companies. Prior to suspending all drilling operations in early March, the Company had drilled four new San Andres horizontal wells and completed two additional... More
