Ring Energy (AMEX:REI) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.06 by 16.67 percent. This is a 50 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $79.09 million which missed the analyst consensus estimate of $80.67 million by 1.95 percent. This is a 16.31 percent decrease over sales of $94.50 million the same period last year.