Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION

9 Months Ended

Sep. 30, 2020

NOTE 4 – EARNINGS PER SHARE INFORMATION


	For The Three Months				For The Nine Months
	Ended September 30,				Ended September 30,
			2019				2019
	2020		(restated)			2020		(restated)
Net Income (Loss)	$	(1,961,603)	$	8,858,000	$	(93,157,551)	$	24,469,857
Basic Weighted-Average Shares Outstanding		67,980,961		67,811,127		67,985,168		66,149,469
Effect of dilutive securities:
Stock options		—		25,841		—		204,639
Restricted stock		—		—		—		47,314
Diluted Weighted-Average Shares Outstanding		67,980,961		67,836,968		67,985,168		66,401,422
Basic Earnings (Loss) per Share	$	(0.03)	$	0.13	$	(1.37)	$	0.37
Diluted Earnings (Loss) per Share	$	(0.03)	$	0.13	$	(1.37)	$	0.37

Stock options to purchase 483,500 shares of common stock and 1,326,709 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during both the three and nine months ended September 30, 2020, as their effect would have been anti-dilutive. Stock options to purchase 2,353,500 shares of common stock and 3,250,420 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended September 30, 2019, as their effect would have been anti-dilutive. Stock options to purchase 2,353,500 shares of common stock and 2,639,540 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the nine months ended September 30, 2019, as their effect would have been anti-dilutive.