In last trading session, Ring Energy Inc (AMEX:REI) saw 3.88 million shares changing hands with its beta currently measuring 0.98. Company’s recent per share price level of $0.86 trading at -$0.05 or -5.49% at ring of the bell on the day assigns it a market valuation of $177.61M. That closing price of REI’s stock is at a discount of -139.53% from its 52-week high price of $2.06 and is indicating a premium of 9.3% from its 52-week low price of $0.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.44 million shares which gives us an average trading volume of 1.95 million if we extend that period to 3-months.
Ring Energy Inc (AMEX:REI) trade information
Upright in the red during last session for losing -5.49%, in the last five days REI remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $0.86 price level, adding 8.64% to its value on the day. Ring Energy Inc’s shares saw a change of -36.76% in year-to-date performance and have moved 5.10% in past 5-day. Ring Energy Inc (AMEX:REI) showed a performance of -28.33% in past 30-days. Number of shares sold short was 12.09 million shares which calculate 5.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 65.6% to its current value. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 2.5. It follows that stock’s current price would drop -190.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -190.7% for stock’s current value.
Ring Energy Inc (REI) estimates and forecasts
This year revenue growth is estimated to fall -2.89% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 80.67M for the same. And 3 analysts are in estimates of company making revenue of 87.38M in the next quarter. Company posted 94.5M and 99.14M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -5.28% during past 5 years.
Ring Energy Inc (AMEX:REI)’s Major holders
Insiders are in possession of 10.39% of company’s total shares while institution are holding 46.68 percent of that, with stock having share float percentage of 52.09%. Investors also watch the number of corporate investors in a company very closely, which is 46.68% institutions for Ring Energy Inc that are currently holding shares of the company. WARBURG PINCUS LLC is the top institutional holder at REI for having 46.12 million shares of worth $77.94 million. And as of 2024-06-30, it was holding 23.296 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 8.87 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4799 of outstanding shares, having a total worth of $14.99 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 4.06 shares of worth $3.49 million or 1.96% of the total outstanding shares. The later fund manager was in possession of 3.93 shares on Mar 31, 2025 , making its stake of worth around $3.38 million in the company or a holder of 1.90% of company’s stock.
