Investing.com - Ring Energy Inc reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ring Energy Inc announced earnings per share of $0.280 on revenue of $94.4M. Analysts polled by Investing.com anticipated EPS of $0.240 on revenue of $71.25M.
Ring Energy Inc shares are up 4.35% from the beginning of the year, still down 43.03% from its 52 week high of $5.09 set on May 6.
Ring Energy Inc follows other major Energy sector earnings this month
Ring Energy Inc's report follows an earnings beat by Exxon Mobil on October 28, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on October 28 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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