$REI

7 stories mentioning REIUpdated 42d ago

Every FINWIRES story that references REI, newest first.

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally lower.The Philadelphia Oil Service Sector Index was down 0.5%, and the Dow Jones US Utilities Index was falling 1.1%.Front-month West Texas Intermediate crude oil declined 1% to $101.12 a barrel, and the global benchmark Brent crude contract dropped 1.8% to $105.81 a barrel. Henry Hub natural gas futures rose 0.5% to $2.86 per 1 million BTU.In sector news, the International Energy Agency on Wednesday forecast a sharper decline in global oil demand this year than previously expected as the Middle East conflict drives up energy prices. The agency anticipates oil consumption to contract by 420,000 barrels a day in 2026, compared with an 80,000-barrel drop expected last month. Oil demand is projected to plunge by 2.45 million barrels per day in the second quarter.Separately, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.9 million barrels in the week ended May 8 following a decrease of 7.5 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 4.3 million barrels after a 2.3-million-barrel decline in the previous week, more than the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported, citing a statement from the union. BP shares were down 0.5%.Fervo Energy (FRVO) stock surged 34% in Wednesday trading following its Nasdaq debut.Ring Energy (REI) shares dropped 27% after the company overnight said it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Enphase Energy (ENPH) shares jumped past 13% after the company said it opened US pre-orders for its new IQ9S-3P Commercial Microinverter.

$BP$ENPH$FRVO$REI

Sectors42d ago

Sector Update: Energy Stocks Softer Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) easing 0.2%.The Philadelphia Oil Service Sector Index was down 0.7%, and the Dow Jones US Utilities Index was falling 1.1%.Front-month West Texas Intermediate crude oil was declining 0.4% to $101.81 a barrel, and the global benchmark Brent crude contract was dropping 1.4% to $106.24 a barrel. Henry Hub natural gas futures rose 0.9% to $2.87 per 1 million BTU.In sector news, the International Energy Agency on Wednesday forecast a sharper decline in global oil demand this year than previously expected as the Middle East conflict drives up energy prices. The agency anticipates oil consumption to contract by 420,000 barrels a day in 2026, compared with an 80,000-barrel drop expected last month. Oil demand is projected to plunge by 2.45 million barrels per day in the second quarter.Separately, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.9 million barrels in the week ended May 8 following a decrease of 7.5 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks decreased by 4.3 million barrels after a 2.3-million-barrel decline in the previous week, more than the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported, citing a statement from the union. BP shares were down 0.9%.Ring Energy (REI) shares dropped 25% after the company overnight said it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Equinor (EQNR) plans to hold talks with major European customers on whether they would support ambitious and expensive new projects to recover oil and gas supplies, Bloomberg reported. Equinor shares fell 1.2%.

$BP$EQNR$REI

Wire42d ago

Top Midday Decliners

Ring Energy (REI) said overnight it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Shares sank 25% following a surge in intraday trading volume to over 24.7 million from a daily average of about 5.17 million.Black Rock Coffee Bar (BRCB) reported Q1 earnings and revenue late Tuesday below analysts' estimates.Shares slumped 26% as intraday trading volume advanced to more than 1.77 million from a daily average of about 485,000.TriSalus Life Sciences (TLSI) reported a surprise decline in Q1 revenue late Tuesday, and its revised full-year 2026 sales guidance missed market expectations.Shares plunged 37%, with intraday trading volume rising to over 5.53 million from a daily average of about 180,000.Price: $1.34, Change: $-0.45, Percent Change: -25.00%

$BRCB$REI$TLSI

Sectors42d ago

Sector Update: Energy Stocks Decline Premarket Wednesday

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.2% lower.The United States Oil Fund (USO) was down 0.4% and The United States Natural Gas Fund (UNG) was 2.6% higher.Front-month US West Texas Intermediate crude oil was slightly lower at $102.15 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.3% to $107.44 per barrel, and natural gas futures were up 2.5% at $2.92 per 1 million British Thermal Units.FLEX LNG (FLNG) shares were more than 1% higher after the company raised its 2026 revenue guidance.BP (BP) has stopped contract discussions with the US steelworkers' union after the lockout of over 800 employees at its Whiting, Indiana, facility, Reuters reported, citing a statement from the union. BP shares were 0.4% lower pre-bell.Ring Energy (REI) stock was down more than 23% after the company priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.

$BP$FLNG$REI$UNG$USO$XLE

Equities42d ago

Top Premarket Decliners

WORK Medical Technology Group (WOK) shares were down 82% in Wednesday premarket activity, paring Tuesday's rally.Ring Energy (REI) stock was 25% lower after the company said overnight it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Wix.com (WIX) shares were down 17% after the company posted lower Q1 adjusted earnings that also trailed analysts' forecasts.Red Cat (RCAT) stock was 14% lower, a day after the company said it priced a roughly $225 million common stock offering.

$RCAT$REI$WIX$WOK

Equities43d ago

Ring Energy Shares Drop Pre-Bell Following Pricing of $60 Million Offering

Ring Energy (REI) shares were down 18% in premarket activity Wednesday after the company overnight said it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Underwriters have a 30-day option to purchase up to 6.7 million additional shares, the company said late Tuesday.Ring Energy expects the offering to close by Thursday and plans to use the net proceeds to repay borrowings under a senior secured revolving credit facility and for general corporate purposes.

$REI

Equities43d ago

Ring Energy Launches $60 Million Stock Offering to Repay Debt

Ring Energy (REI) has launched an underwritten public offering of $60 million shares, with underwriters granted an option to buy up to an additional $9 million in shares, the company said late Tuesday.The company plans to use the proceeds to repay borrowings under its senior secured revolving credit facility, with any remaining funds to be used for general corporate purposes, it said.

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