Ring Energy (AMEX:REI) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.04 by 42.86 percent. This is a 66.67 percent decrease over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $66.882 million which missed the analyst consensus estimate of $71.350 million by 6.26 percent. This is a 19.85 percent decrease over sales of $83.441 million the same period last year.