Ring Energy Announces First Quarter 2020 Financial and Operational Results

Go back to Ring Energy Announces First Quarter 2020 Financial and Operational Results

Ring Energy (REI) Tops Q1 EPS by 57c, Revenues Miss

May 11, 2020 4:46 PM EDT

Ring 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