In the last trading session, 3.31 million shares of the Ring Energy Inc (AMEX:REI) were traded, and its beta was 0.98. Most recently the company’s share price was $0.80, and it changed around -$0.06 or -7.24% from the last close, which brings the market valuation of the company to $159.97M. REI currently trades at a discount to its 52-week high of $2.20, offering almost -175.0% off that amount. The share price’s 52-week low was $0.78, which indicates that the current value has risen by an impressive 2.5% since then. We note from Ring Energy Inc’s average daily trading volume that its 10-day average is 2.76 million shares, with the 3-month average coming to 1.85 million.
Ring Energy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended REI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Ring Energy Inc is expected to report earnings per share of 0.08 for the current quarter.
Ring Energy Inc (AMEX:REI) trade information
Instantly REI has showed a red trend with a performance of -7.24% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0000 on recent trading dayincreased the stock’s daily price by 20.0%. The company’s shares are currently down -41.18% year-to-date, but still down -14.93% over the last five days. On the other hand, Ring Energy Inc (AMEX:REI) is -31.62% down in the 30-day period. We can see from the shorts that 12.09 million shares have been sold at a short interest cover period of 5.94 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 68.0% from its current value. Analyst projections state that REI is forecast to be at a low of $2.5 and a high of $2.5.
Ring Energy Inc (REI) estimates and forecasts
The year-over-year growth rate is expected to be 1.51%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 85.6M in revenue for the current quarter. 2 analysts expect Ring Energy Inc to make 91.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 94.5M and 99.14M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.42%. Forecasts for the next quarter put sales growth at -7.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.28%.
REI Dividends
Ring Energy Inc’s next quarterly earnings report is expected to be released on 2025-Mar-04.
Ring Energy Inc (AMEX:REI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.31% of Ring Energy Inc shares, and 46.71% of them are in the hands of institutional investors. The stock currently has a share float of 52.08%. Ring Energy Inc stock is held by 195.0 institutions, with WARBURG PINCUS LLC being the largest institutional investor. By 2024-06-30, it held 23.296% of the shares, which is about 46.12 million shares worth $77.94 million.
BLACKROCK INC., with 4.4799% or 8.87 million shares worth $14.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.06 shares worth $3.24 million, making up 2.03% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 3.85 shares worth around $3.08 million, which represents about 1.92% of the total shares outstanding.