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Ring Energy

REI
39
Oil & Gas Exploration & Production · Energy
Exchange
New York Stock Exchange American
Winston Score
39
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Weak
Cash Flow
Weak
Stability
Mixed
Valuation
Data not available

Winston Score History

The full picture

Ring Energy is a small oil and natural gas company that drills for and produces petroleum in the United States. It focuses on the Permian Basin in West Texas and New Mexico, as well as the Northwest Shelf and Central Basin Platform — areas known for relatively low-cost, conventional oil production. The company sells crude oil, natural gas, and natural gas liquids primarily to refiners and midstream buyers.

Ring Energy makes money by selling the oil and gas it pumps out of the ground, so its revenue rises and falls with commodity prices. It operates entirely in the U.S. and, with a market cap of roughly $200 million, is considered a small-cap producer with limited financial flexibility compared to larger peers. The company carries meaningful debt from past acquisitions, and its near-zero operating margin highlights how sensitive its profitability is to oil price swings — making commodity price volatility the central risk investors watch closely.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+26.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+180.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

8.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

$1M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Ring Energy grew revenue 27% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
75.4%
Premium pricing power — 75.4% gross margin
Profit after running costs
Operating Margin
48.0%
Excellent — 48.0% operating margin
Return on the money invested
ROCE
2.4%
Weak — 2.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
-3.2%
Shrinking sales (-3.2% YoY)
Profit growth
EPS YoY
-420.2%
Earnings shrinking (-420.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
8.3%
Modest free cash flow (8.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.48
Conservative — low debt load (0.48)
Covers its interest
Interest Cover
0.64x
Dangerous — barely covers interest (0.6x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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