The share price of Ring Energy, Inc. (NYSEAMERICAN:REI) fell by 14.67% between May 13 and May 20, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.
An oil rig under construction in the middle of a lake, its lights reflecting on the surrounding water.
Ring Energy, Inc. (NYSEAMERICAN:REI) is an independent oil and natural gas company focused on the acquisition, exploration, and development of high-quality oil and liquids rich assets.
The share price of Ring Energy, Inc. (NYSEAMERICAN:REI) has fallen after the company posted mixed results for its Q1 2025 earlier this month. REI’s adjusted EPS of $0.06 managed to top expectations by $0.01. However, its revenue declined by 16.31% YoY to almost $79.1 million and fell short of estimates by approximately $0.25 million. Moreover, Ring Energy has updated its guidance for FY 2025, highlighting a 36% reduction in capital spending and a 5% reduction in sales volumes. The slight decline in the price of crude oil over the last week may have also impacted the company’s share price.
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Disclosure: None.