In today’s recent session, 0.55 million shares of the Ring Energy Inc (AMEX:REI) have been traded, and its beta is 1.67. Most recently the company’s share price was $1.66, and it changed around -$0.05 or -2.92% from the last close, which brings the market valuation of the company to $328.58M. REI at last check was trading at a discount to its 52-week high of $2.23, offering almost -34.34% off that amount. The share price’s 52-week low was $1.25, which indicates that the recent value has risen by an impressive 24.7% since then. We note from Ring Energy Inc’s average daily trading volume that its 10-day average is 1.64 million shares, with the 3-month average coming to 1.77 million.
Ring Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended REI as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Ring Energy Inc is expected to report earnings per share of 0.11 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ring Energy Inc (AMEX:REI) trade information
Instantly REI has been showing red trend so far today with a performance of -2.92% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9700 on recent trading dayincreased the stock’s daily price by 15.74%. The company’s shares are currently up 13.70% year-to-date, but still down -15.74% over the last five days. On the other hand, Ring Energy Inc (AMEX:REI) is -8.29% down in the 30-day period. We can see from the shorts that 14.27 million shares have been sold at a short interest cover period of 6.69 day(s).
Ring Energy Inc (REI) estimates and forecasts
Ring Energy Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 26.72 percent over the past six months and at a -7.84% annual growth rate that is well below the industry average of -3.60%. The year-over-year growth rate is expected to be 5.90%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 95.57M in revenue for the current quarter. 4 analysts expect Ring Energy Inc to make 93.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 93.68M and 99.94M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.00%. Forecasts for the next quarter put sales growth at -6.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 29.41%. Ring Energy Inc earnings are expected to increase by -16.67% in 2024, but the outlook is positive 37.00% per year for the next five years.
Ring Energy Inc (AMEX:REI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.33% of Ring Energy Inc shares, and 48.29% of them are in the hands of institutional investors. The stock currently has a share float of 55.08%. Ring Energy Inc stock is held by 183.0 institutions, with WARBURG PINCUS LLC being the largest institutional investor. By 2024-03-31, it held 24.199% of the shares, which is about 46.12 million shares worth $90.4 million.
BLACKROCK INC., with 3.9322% or 7.49 million shares worth $14.69 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
