Ring Energy (AMEX:REI) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.02 by 150 percent. This is a 58.33 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $82.60 million which beat the analyst consensus estimate of $79.25 million by 4.23 percent. This is a 16.68 percent decrease over sales of $99.14 million the same period last year.