Ring Energy (AMEX:REI) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.02 by 100 percent. This is a 20 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $73.672 million which beat the analyst consensus estimate of $70.650 million by 4.28 percent. This is a 6.85 percent decrease over sales of $79.091 million the same period last year.