Ring Energy (REI) Misses Q1 EPS by 2c
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Ring Energy Announces Financial Results for First Quarter 2015
May 6, 2015 4:23 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE MKT: REI) (Ring)(Company) announced today financial results for the first quarter ended March 31, 2015. For the three month period ended March 31, 2015, Ring had oil and gas revenues of $6,045,701 compared to $5,970,452 for the quarter ended March 31, 2014, a 1% increase, and a net loss of $975,624, or $0.04 per diluted share, compared to net income of $1,163,689 or $0.05 per diluted share, for the same period in 2014. The primary reason for this change was lower received oil and gas prices.
For the three months ended March 31, 2015, oil sales volume increased to 137,090 barrels,... More
