Is Ring Energy Inc (REI) overvalued? · P/E 2.2, rev $366.3M
Ring Energy Inc (REI) is a oil & gas e&p company listed on US.
This page asks whether Ring Energy Inc (REI) looks expensive on cached numbers — not a short thesis.
Latest reported REI revenue for 2024-12-31 was $366.3M. Net income was $67.5M. Revenue was up 1.5% from 2023-12-31 to 2024-12-31. REI currently screens at market cap $163.3M and trailing P/E 2.2.
REI currently screens at market cap $163.3M and trailing P/E 2.2. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next REI 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the REI stock page for the full model, not this heading.
Not investment advice.