REI

Acquisition Announcement: Ring Energy, Inc. has successfully completed the acquisition of Lime Rock Resources IV's Central Basin Platform assets in Texas, which includes approximately 17,700 net acres and is expected to enhance production with an estimated 2,300 barrels of oil equivalent per day.

Financial Impact: The transaction is projected to generate significant adjusted free cash flow and EBITDA, while also providing operational synergies and strengthening Ring's position as a leading player in the Permian Basin through increased scale and improved inventory of drilling locations.

Insider Trading Activity: John A Crum, a director at $REI, purchased 50,000 shares for approximately $57,499, increasing his holdings by 9.7%, while there have been 7 insider trades in the past 6 months, including 2 purchases and 5 sales.

Institutional Investor Movements: In the most recent quarter, 71 institutional investors increased their positions in $REI stock, while 75 reduced theirs, indicating mixed sentiment among large shareholders.

Financial Results Announcement: RioCan Real Estate Investment Trust will release its financial and operational results for Q1 2025 on May 5, 2025, after market close, followed by a conference call on May 6, 2025, at 10:00 a.m. ET.

Company Overview: RioCan is one of Canada's largest real estate investment trusts, focusing on retail and mixed-use properties in high-density areas, with a portfolio of 178 properties totaling approximately 32 million square feet as of December 31, 2024.

Fireside Chat Announcement: Ring Energy, Inc. will participate in a fireside chat with Water Tower Research on April 1, 2025, where CEO Paul McKinney will discuss the company's recent $100-million acquisition and its implications for future operations and financial strategy.

Company Overview: Ring Energy is focused on oil and gas exploration and production, particularly in the Permian Basin, and encourages interested parties to register for the event or access it through their website.

Oil & Gas Sector Performance: Oil and gas refining and marketing shares increased by approximately 1.2%, with REX American Resources leading the gains at 6.2% and Calumet following at 3.2% on Wednesday.

Market Commentary Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

Insider Trading Activity: Paul D. McKinney, CEO of $REI, purchased 200,000 shares for approximately $215,200, increasing his holdings by 7.2%, while insider trading activity over the past six months shows one purchase and seven sales among insiders.

Institutional Investor Movements: In the latest quarter, 72 institutional investors increased their positions in $REI stock, while 82 reduced theirs, indicating mixed sentiment among institutional stakeholders.

Ring Energy (REI) Rating: Analyst Neal Dingmann from Truist Financial maintains a Hold rating on Ring Energy with a price target of $3.00, indicating a potential upside of 167.9% from its current share price of $1.11.

Coterra Energy (CTRA) Rating: Analyst Leo Mariani from Roth MKM has a Buy rating for Coterra Energy, setting a price target of $33.00, which suggests a 36.6% upside from the current share price of $25.44, supported by a Strong Buy consensus among analysts.

Q4 Financial Performance: Ring Energy reported Q4 revenue of $83.4 million, slightly below the consensus estimate, with an 8% increase in sales year-over-year and a reduction in cash operating costs per barrel of oil equivalent (Boe). The company also paid down $40 million in debt and maintained liquidity while planning for future acquisitions.

Future Strategy: Looking ahead to 2025, Ring Energy aims to continue a reduced capital spending program, focus on maximizing cash flow generation, and allocate funds towards maintaining production and paying down debt, with expectations of enhanced performance following the proposed Lime Rock acquisition.

Capital Spending Plans for 2025: Ring Energy plans to spend between $138 million and $170 million in 2025 on various projects, including drilling and completing wells, infrastructure upgrades, and ESG improvements, with expected oil sales volumes showing a nearly 5% increase from 2024.

Market Context: The company's projections are based on anticipated WTI oil prices of $65 to $75 per barrel and Henry Hub prices of $2.00 to $4.00 per Mcf.

Q4 Financial Performance: Ring Energy reported a Q4 Non-GAAP EPS of $0.06, with revenue of $83.4 million, which is a 16.5% decrease year-over-year and missed expectations by $0.81 million.

Strategic Moves: The company is focusing on production expansion through acquisitions, highlighted by a recent $100 million acquisition in Texas, and is expected to benefit from the Matterhorn Pipeline and favorable weather conditions.

EnerCom Denver Conference Announcement: The 30th annual EnerCom Denver – The Energy Investment Conference will take place from August 17-20, 2025, at the Westin Downtown Denver, bringing together over 1,000 attendees from the energy sector, including companies, investors, and industry leaders.

Opportunities for Start-ups and Sponsorships: The conference will feature a session for start-up companies focused on energy innovation and sustainability, offering them a platform to present their ideas. Additionally, sponsorship opportunities are available for companies looking to enhance their visibility in the marketplace.

Earnings Performance: Ring Energy (REI) reported quarterly earnings of $0.06 per share, missing estimates and down from $0.11 a year ago, while revenues also fell short at $83.44 million compared to the previous year's $99.94 million.

Market Outlook: Despite underperforming the market this year, Ring Energy holds a Zacks Rank #2 (Buy), indicating potential for future outperformance, with upcoming earnings estimates suggesting improvements in both EPS and revenue for the next quarter.

Insider Trading Activity: Pincus (E&P) XII LLC Warburg sold 6,575,000 shares of $REI on February 24, 2025, representing 18.5% of their holdings, leaving them with 28,945,643 shares. In the past six months, insiders have made seven sales and no purchases of $REI stock.

Institutional Investor Movements: In the latest quarter, 72 institutional investors increased their positions in $REI while 82 reduced theirs, indicating mixed sentiment among larger shareholders.

Acquisition Announcement: Ring Energy, Inc. has agreed to acquire the Central Basin Platform assets from Lime Rock Resources for $100 million, enhancing its operational footprint and expected to close by the end of Q1 2025.

Financial Impact and Future Plans: The acquisition is anticipated to generate significant free cash flow, improve operational synergies, and strengthen Ring's position as a leading consolidator in the Permian Basin, with plans to integrate the new assets efficiently.

Acquisition Details: Ring Energy is acquiring Lime Rock Resources IV's Central Basin Platform assets for $100 million, which includes $80 million in cash and up to 7.4 million common shares, enhancing its operations in Andrews County, Texas.

Asset Highlights: The acquisition adds 17,700 net acres and 2,300 boe/day production, primarily oil, from existing wells, positioning Ring Energy for expansion in high-margin production areas with significant undeveloped inventory.

Distribution Announcement: RioCan Real Estate Investment Trust has declared a distribution of 9.25 cents per unit for January, payable on February 7, 2025, to unitholders recorded by January 31, 2025.

Company Overview: RioCan is one of Canada's largest real estate investment trusts, focusing on retail and mixed-use properties in high-density areas, with a portfolio of 186 properties totaling approximately 33 million square feet as of September 30, 2024.

Financial Results Announcement: RioCan Real Estate Investment Trust will release its financial and operational results for the year ending December 31, 2024, on February 18, 2025, after market close, followed by a conference call on February 19, 2025.

Company Overview: RioCan is one of Canada's largest real estate investment trusts, focusing on retail and mixed-use properties in high-density areas, with a portfolio of 186 properties totaling approximately 33 million square feet as of September 30, 2024.

Sustainability Report Release: Ring Energy, Inc. has published its 2024 Sustainability Report, marking the fourth consecutive annual update, which details the company's Environmental, Social and Governance (ESG) initiatives and progress, including a significant 59% reduction in Scope 1 Greenhouse Gas emissions in 2023.

Consultation and Standards: The report was created with guidance from various sustainability standards and frameworks, including the SASB, GRI, TCFD, and UN Sustainable Development Goals, reflecting Ring's commitment to improving its environmental footprint and community partnerships.

New Executive Appointment: Ring Energy, Inc. has appointed Mr. James J. Parr as Executive Vice President of Exploration and Geosciences, bringing over 30 years of experience in the petroleum industry to enhance the company's growth opportunities.

Leadership Insights: CEO Paul D. McKinney expressed confidence in Mr. Parr's ability to leverage his technical expertise for maximizing cash flow and increasing shareholder value through strategic drilling prospects.