Ring Energy Inc (AMEX:REI) has a beta value of 0.98 and has seen 0.57 million shares traded in the recent trading session. The company, currently valued at $178.74M, closed the recent trade at $0.87 per share which meant it lost -$0.03 on the day or -3.64% during that session. The REI stock price is -136.78% off its 52-week high price of $2.06 and 10.34% above the 52-week low of $0.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.94 million shares traded. The 3-month trading volume is 1.93 million shares.
Ring Energy Inc (AMEX:REI) trade information
Sporting -3.64% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the REI stock price touched $0.87 or saw a rise of 6.95%. Year-to-date, Ring Energy Inc shares have moved -36.36%, while the 5-day performance has seen it change 0.36%. Over the past 30 days, the shares of Ring Energy Inc (AMEX:REI) have changed -30.20%. Short interest in the company has seen 12.09 million shares shorted with days to cover at 5.94.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 65.2% from the levels at last check today.. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the latest price level in today’s session is -187.36% off the targeted high while a plunge would see the stock gain -187.36% from the levels at last check today..
Ring Energy Inc (REI) estimates and forecasts
The company’s shares have lost -45.22% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.51%.
2 analysts offering their estimates for the company have set an average revenue estimate of 86.1M for the current quarter. 2 have an estimated revenue figure of 91.8M for the next ending quarter. Year-ago sales stood 94.5M and 99.14M respectively for this quarter and the next, and analysts expect sales will shrink by -8.89% for the current quarter and 1.51% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.28% over the past 5 years.
REI Dividends
Ring Energy Inc is expected to release its next earnings report on 2025-Mar-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ring Energy Inc (AMEX:REI)’s Major holders
Insiders own 10.39% of the company shares, while shares held by institutions stand at 46.68% with a share float percentage of 52.09%. Investors are also buoyed by the number of investors in a company, with Ring Energy Inc having a total of 196.0 institutions that hold shares in the company. The top two institutional holders are WARBURG PINCUS LLC with over 46.12 million shares worth more than $77.94 million. As of 2024-06-30, WARBURG PINCUS LLC held 23.296% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 8.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $14.99 million and represent 4.4799% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 1.96% shares in the company for having 4.06 shares of worth $3.53 million while later fund manager owns 3.93 shares of worth $3.43 million as of Mar 31, 2025 , which makes it owner of about 1.91% of company’s outstanding stock.
