During the recent session, Ring Energy Inc (AMEX:REI)’s traded shares were 1.22 million, with the beta value of the company hitting 1.09. The 52-week high for the REI share is $2.20, that puts it down -96.43 from that peak though still a striking 1.79% gain since the share price plummeted to a 52-week low of $1.10. The company’s market capitalization is $224.95M, and the average trade volume was 1.88 million shares over the past three months.
Ring Energy Inc (AMEX:REI) trade information
Ring Energy Inc (REI) registered a 0.45% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.45% in intraday trading to $1.12, hitting a weekly high. The stock’s 5-day price performance is -12.11%, and it has moved by -14.12% in 30 days. Based on these gigs, the overall price performance for the year is -19.64%.
Ring Energy Inc (REI) estimates and forecasts
In the rating firms’ projections, revenue will decrease -4.54% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 89.2M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 84.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 94.5M and 99.14M respectively. In this case, analysts expect current quarter sales to shrink by -5.61% and then drop by -14.67% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.28%. While earnings are projected to return 4.04% in 2025.
REI Dividends
Ring Energy Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ring Energy Inc (AMEX:REI)’s Major holders
The next largest institutional holding, with 8.87 million shares, is of BLACKROCK INC.’s that is approximately 4.4933% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $14.99 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ring Energy Inc (REI) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 4.06 shares. This amounts to just over 2.05 percent of the company’s overall shares, with a $4.53 million market value. The same data shows that the other fund manager holds slightly less at 4.05, or about 2.04% of the stock, which is worth about $4.52 million.
