Ring Energy Announces Second Quarter and Six Month 2020 Financial and Operational Results

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Go back to Ring Energy Announces Second Quarter and Six Month 2020 Financial and Operational Results

Ring Energy (REI) Misses Q2 EPS by $1.99, Revenues Miss

August 10, 2020 5:25 PM EDT

Ring Energy (NYSE: REI) reported Q2 EPS of ($1.99), $1.99 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $10.64 million versus the consensus estimate of $14.98 million.

The Companys Chief Executive Officer, Mr. Kelly Hoffman, stated, While volatility continued in the energy space in the second quarter, we began to see some improvement and stability in the commodity... More