At $3.76 Ring Energy Inc. (AMEX: REI) Is Worth A Gamble – Marketing Sentinel
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At $3.76 Ring Energy Inc. (AMEX: REI) Is Worth A Gamble

Ring Energy Inc. (AMEX:REI)’s traded shares stood at 3.1 million during the last session, with the company’s beta value hitting 2.35. At the close of trading, the stock’s price was $3.76, to imply an increase of 10.26% or $0.35 in intraday trading. The REI share’s 52-week high remains $4.11, putting it -9.31% down since that peak but still an impressive 88.56% since price per share fell to its 52-week low of $0.43. The company has a valuation of $369.83M, with an average of 6.48 million shares in intraday trading volume over the past 10 days and average of 2.31 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Ring Energy Inc. (REI), translating to a mean rating of 2.70. Of 2 analyst(s) looking at the stock, 0 analyst(s) give REI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.09.

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Ring Energy Inc. (AMEX:REI) trade information

After registering a 10.26% upside in the last session, Ring Energy Inc. (REI) has traded red over the past five days. The stock hit a weekly high of 4.11 this Thursday, 10/07/21, jumping 10.26% in its intraday price action. The 5-day price performance for the stock is 27.46%, and 55.37% over 30 days. With these gigs, the year-to-date price performance is 469.78%. Short interest in Ring Energy Inc. (AMEX:REI) saw shorts transact 12.34 million shares and set a 6.39 days time to cover.

Analysts on Wall Street suggest a consensus price target of $4.30, implying an increase of 12.56% to the stock’s current value. The extremes give us $4.00 and $4.60 for target low and target high price respectively. As such, REI has been trading -22.34% off suggested target high and -6.38% from its likely low.

Ring Energy Inc. (REI) estimates and forecasts

Looking at statistics comparing Ring Energy Inc. share performance against respective industry, we note that the company has underperformed competitors. Ring Energy Inc. (REI) shares are 70.91% up over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 17.00%. Revenue is forecast to grow 80.00% this quarter before jumping 433.30% for the next one. The rating firms project that company’s revenue will grow 59.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $47.6 million. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $50.13 million.Earnings reports from the last fiscal year show that sales brought in $31.47 million and $31.35 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 51.30% before jumping 59.90% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -61.00% for the past 5-year period. While 2021 is set for a -886.80% return in earnings, projections for the next 5 years are at 37.00% annually.

REI Dividends

Ring Energy Inc. has its next earnings report out on May 10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Ring Energy Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Ring Energy Inc. (AMEX:REI)’s Major holders

Ring Energy Inc. insiders hold 30.63% of total outstanding shares, with institutional holders owning 19.37% of the shares at 27.93% float percentage. In total, 19.37% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Jun 29, 2021, the company held over 3.35 million shares (or 3.37% of shares), all amounting to roughly $9.98 million.

The next major institution holding the largest number of shares is Aristotle Capital Boston, LLC with 2.9 million shares, or about 2.92% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $8.65 million.

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We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Ring Energy Inc. (REI) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 2.08 million shares. This is just over 2.09% of the total shares, with a market valuation of $6.2 million. Data from the same date shows that the other fund manager holds a little less at 1.1 million, or 1.10% of the shares, all valued at about 3.27 million.

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