In the last trading session, 1.62 million Ring Energy Inc (AMEX:REI) shares changed hands as the company’s beta touched 1.06. With the company’s per share price at $1.23 changed hands at $0.02 or 1.65% during last session, the market valuation stood at $245.95M. REI’s last price was a discount, traded about -78.86% off its 52-week high of $2.20. The share price had its 52-week low at $1.05, which suggests the last value was 14.63% up since then. When we look at Ring Energy Inc’s average trading volume, we note the 10-day average is 2.41 million shares, with the 3-month average coming to 1.92 million.
Ring Energy Inc (AMEX:REI) trade information
Instantly REI was in green as seen at the end of in last trading. With action 12.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -9.56%, with the 5-day performance at 12.84% in the green. However, in the 30-day time frame, Ring Energy Inc (AMEX:REI) is -9.56% down. Looking at the short shares, we see there were 11.89 million shares sold at short interest cover period of 7.87 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need an upside of 50.8% from its current market value. According to analyst projections, REI’s forecast low is 2.5 with 2.5 as the target high. To hit the forecast high, the stock’s price needs a -103.25% plunge from its current level, while the stock would need to soar -103.25% for it to hit the projected low.
Ring Energy Inc (REI) estimates and forecasts
Year-over-year growth is forecast to reach 2.38% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 82.76M. 3 analysts are of the opinion that Ring Energy Inc’s revenue for the current quarter will be 92.37M. The company’s revenue for the corresponding quarters a year ago was 94.5M and 99.14M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.42%. The estimates for the next quarter sales put growth at -6.83%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -5.28%. The 2025 estimates are for Ring Energy Inc earnings to decrease by -3.57%.
REI Dividends
Ring Energy Inc is expected to release its next quarterly earnings report on 2025-Mar-04.
Ring Energy Inc (AMEX:REI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.64% of Ring Energy Inc shares while 47.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.52%. There are 47.83% institutions holding the Ring Energy Inc stock share, with WARBURG PINCUS LLC the top institutional holder. As of 2024-06-30, the company held 23.296% of the shares, roughly 46.12 million REI shares worth $77.94 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.4933% or 8.87 million shares worth $14.99 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . With 4.05 shares estimated at $4.98 million under it, the former controlled 2.03% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.03% of the shares, roughly 4.06 shares worth around $4.99 million.
