Ring Energy drops 20.57% over the past week as profit expectations weaken
- Ring Energy's stock fell 20.57% in 7 days, with an 82.27% YTD decline, driven by weak earnings outlook and industry underperformance. - CNX Resources outperformed estimates with $0.49 EPS and $423M revenue, contrasting Ring Energy's struggles in the same sector. - REI's Q3 results on Nov 6 expected to show 28.6% EPS drop and 12.8% revenue decline, signaling ongoing contraction. - The US oil & gas exploration industry ranks in the bottom 17% of Zacks sectors, exacerbating REI's bearish momentum.
As of October 30, 2025,
Recently, CNX Resources Corporation (CNX) reported quarterly earnings that surpassed expectations, posting $0.49 per share—32.43% higher than the Zacks Consensus Estimate of $0.37. The company also achieved $423 million in revenue for the quarter ending September 2025, beating forecasts by 15.60%. In contrast, Ring Energy’s stock has underperformed within the same sector.
Ring Energy is set to announce its third-quarter results on November 6. Analysts anticipate earnings of $0.05 per share for the quarter, which would be a 28.6% decrease from the previous year. Revenue is projected at $77.8 million, down 12.8% year-over-year. These projections indicate that REI may continue to face a period of decline.
The outlook for Ring Energy’s earnings remains bleak, particularly given the current state of the industry. The Oil and Gas - Exploration and Production - United States sector is ranked in the lowest 17% of Zacks industries, and has historically lagged behind other sectors. The anticipated results for REI, coupled with these industry challenges, further support the stock’s negative trend.
Technical analysis for the backtest incorporated earnings surprises and price movements within a 30-day window before and after earnings releases. The analysis covered the period from January 1, 2022, through October 29, 2025, and included 14 earnings reports.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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