Ring Energy Inc. (NYSE:REI) has a beta value of 2.46 and has seen 1,565,593 shares traded in the last trading session. The company, currently valued at $213.24 Million, closed the last trade at $2.15 per share which meant it lost -$0.08 on the day or -3.59% during that session. The REI stock price is -56.28% off its 52-week high price of $3.36 and 80% above the 52-week low of $0.43. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.69 Million shares traded. The 3-month trading volume is 7.46 Million shares.
The consensus among analysts is that Ring Energy Inc. (REI) is a Hold stock at the moment, with a recommendation rating of 2.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Ring Energy Inc. (NYSE:REI) trade information
Despite being -3.59% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the REI stock price touched $2.47-1 or saw a rise of 12.96%. Year-to-date, Ring Energy Inc. shares have moved 225.81%, while the 5-day performance has seen it change 9.14%. Over the past 30 days, the shares of Ring Energy Inc. (NYSE:REI) have changed -8.51%. Short interest in the company has seen 14.08 Million shares shorted with days to cover at 1.89.
Wall Street analysts have a consensus price target for the stock at $3.24, which means that the shares’ value could jump 50.7% from current levels. The projected low price target is $3 while the price target rests at a high of $3.48. In that case, then, we find that the current price level is +61.86% off the targeted high while a plunge would see the stock lose 39.53% from current levels.
Ring Energy Inc. (REI) estimates and forecasts
Figures show that Ring Energy Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +275.87% over the past 6 months, with this year growth rate of -17.86%, compared to 10.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -85.7% and -85% for the next quarter. Revenue growth from the last financial year stood is estimated to be +13%.
2 analysts offering their estimates for the company have set an average revenue estimate of $27.7 Million for the current quarter. 2 have an estimated revenue figure of $33.7 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $39.57 Million and $10.64 Million respectively for this quarter and the next, and analysts expect sales will grow by -30% for the current quarter and 216.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -61% over the past 5 years. Earnings growth for 2021 is a modest -886.8% while over the next 5 years, the company’s earnings are expected to increase by 37%.
Ring Energy Inc. (NYSE:REI)’s Major holders
Insiders own 24.72% of the company shares, while shares held by institutions stand at 17.93% with a share float percentage of 23.82%. Investors are also buoyed by the number of investors in a company, with Ring Energy Inc. having a total of 74 institutions that hold shares in the company. The top two institutional holders are Hudson Bay Capital Management LP with over 3.3 Million shares worth more than $2.18 Million. As of December 30, 2020, Hudson Bay Capital Management LP held 3.33% of shares outstanding.
The other major institutional holder is Aristotle Capital Boston, LLC, with the holding of over 3.09 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.04 Million and represent 3.12% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of December 30, 2020, the former fund manager holds about 0.98% shares in the company for having 971271 shares of worth $640.94 Thousand while later fund manager owns 912.4 Thousand shares of worth $602.09 Thousand as of December 30, 2020, which makes it owner of about 0.92% of company’s outstanding stock.