RING ENERGY, INC. (REI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 222.25% of current shares
Recent Dilution: 5.25% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
210M
Potential Supply
460M
Additional shares possible
Splits
None
Past 2 years

Summary

REI currently has 209M outstanding shares. with significant dilution risk as 464M authorized shares could dilute existing holders by 222.3%. The company has minimally diluted shareholders by 5.25% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

8-K filing: Ring Energy, Inc. entered into an underwriting agreement for the offering of 44,444,445 shares of common stock with an option for underwriters to purchase an additional 6,666,666 shares.

210M 460M
May 06, 2026

10-Q filing | 208.6M shares outstanding

210M 460M
Nov 06, 2025

10-Q filing | 206.7M shares outstanding

210M 470M
Aug 06, 2025

10-Q filing | 206.5M shares outstanding

210M 470M
May 07, 2025

10-Q filing | 201.1M shares outstanding

200M 470M
Apr 18, 2025

S-3 filing: This S-3 filing includes an offering of up to 6,452,879 shares of common stock by selling stockholders.

200M 470M
Mar 05, 2025

10-K filing | 200.3M shares outstanding

200M 470M
Feb 28, 2025

8-K filing: Ring Energy, Inc. will acquire interests in oil and gas leases from Lime Rock Resources for $90 million in cash and 7,388,799 shares of common stock.

200M 470M
Dec 20, 2024

S-3 filing: Ring Energy, Inc. may offer and sell up to an aggregate of $150,000,000 of its common stock, preferred stock, debt securities, depositary shares, warrants, units and rights from time to time, separately or together, in amounts, at prices and on terms to be determined at or prior to the time of such offering.

200M 470M
Nov 06, 2024

10-Q filing | 198.2M shares outstanding

200M 350M
Aug 06, 2024

10-Q filing | 198.0M shares outstanding

200M 350M
May 06, 2024

10-Q filing | 197.4M shares outstanding

200M 350M
Mar 07, 2024

10-K filing | 195.4M shares outstanding

200M 360M
Nov 02, 2023

10-Q filing | 195.4M shares outstanding

200M 360M
Aug 03, 2023

10-Q filing | 195.9M shares outstanding

200M 360M
May 03, 2023

10-Q filing | 190.1M shares outstanding

190M 360M
Apr 12, 2023

8-K filing: Ring Energy, Inc. amended warrant agreements with certain holders to reduce the exercise price from $0.80 to $0.62 per share, resulting in the exercise of 14,512,166 warrants and $8,997,543 in gross proceeds to the company. ($9.0M proceeds)

180M 370M
Mar 09, 2023

10-K filing | 180.6M shares outstanding

180M 370M
Nov 10, 2022

10-Q filing | 131.6M shares outstanding

130M 420M
Oct 31, 2022

8-K filing: Ring Energy, Inc. eliminated the authorization of its Series A Convertible Preferred Stock after all 153,176 shares were fully converted, returning them to authorized, unissued, and undesignated preferred stock.

130M 420M
Sep 26, 2022

S-3 filing: The selling stockholders may offer and sell up to 63,888,889 shares of common stock from time to time in one or more offerings.

110M 450M
Aug 04, 2022

10-Q filing | 106.4M shares outstanding

110M 380M
Jul 08, 2022

8-K filing: Ring Energy, Inc. entered into a purchase and sale agreement to acquire interests in oil and gas leases from Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP for approximately $465 million, with a portion of the consideration in the form of either 63,888,889 shares of Ring Common Stock (if stockholder approval is obtained) or 21,339,986 shares of Ring Common Stock and 153,176 shares of newly created Series A Convertible Preferred Stock (if stockholder approval is not obtained).

110M 380M
May 10, 2022

10-Q filing | 100.2M shares outstanding

100M 390M
Mar 16, 2022

10-K filing | 99.4M shares outstanding

99M 390M
Nov 09, 2021

10-Q filing | 85.6M shares outstanding

86M 400M
Aug 09, 2021

10-Q filing | 99.3M shares outstanding

99M 390M
May 10, 2021

10-Q filing | 85.6M shares outstanding

86M 400M
Mar 16, 2021

10-K filing | 85.6M shares outstanding

86M 400M
Nov 09, 2020

10-Q filing | 68.0M shares outstanding

68M 420M
Oct 29, 2020

8-K filing: Ring Energy, Inc. cancelled a Securities Purchase Agreement with institutional investors to offer, issue and sell 12,000,000 shares of common stock, pre-funded warrants for 9,052,630 shares, and common warrants for 21,052,630 shares for $18 million.

68M 420M
Aug 10, 2020

10-Q filing | 68.0M shares outstanding

68M 420M
May 15, 2020

S-3/A filing: The filing is an S-3/A registration statement to register debt securities, Common Stock, preferred stock, warrants and units for potential sale from time to time with an aggregate value of $313,843,695.

57M 430M
May 11, 2020

10-Q filing | 68.0M shares outstanding

68M 420M
May 04, 2020

S-3 filing: The filing is an S-3 form to register the offer and sale of up to $313,843,695 of debt securities, Common Stock, preferred stock, warrants and units from time to time at prices and on terms to be determined at or prior to the time of the offering.

64M 420M
Mar 16, 2020

10-K filing | 64.0M shares outstanding

64M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime