In the last trading session, 5.12 million Ring Energy Inc (AMEX:REI) shares changed hands as the company’s beta touched 0.79. With the company’s per share price at $0.79 changed hands at -$0.04 or -5.42% during last session, the market valuation stood at $162.13M. REI’s last price was a discount, traded about -160.76% off its 52-week high of $2.06. The share price had its 52-week low at $0.78, which suggests the last value was 1.27% up since then.
Ring Energy Inc (AMEX:REI) trade information
Instantly REI was in red as seen at the end of in last trading. With action -14.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -42.28%, with the 5-day performance at -14.53% in the red. However, in the 30-day time frame, Ring Energy Inc (AMEX:REI) is -10.94% down.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need an upside of 68.4% 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 -216.46% plunge from its current level, while the stock would need to soar -216.46% for it to hit the projected low.
Ring Energy Inc (REI) estimates and forecasts
Year-over-year growth is forecast to reach -8.28% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 81M. 1 analysts are of the opinion that Ring Energy Inc’s revenue for the current quarter will be 87.2M. The company’s revenue for the corresponding quarters a year ago was 99.14M and 89.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -18.30%. The estimates for the next quarter sales put growth at -2.29%.
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 -50.00%.
REI Dividends
Ring Energy Inc is expected to release its next quarterly earnings report in June.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.4799% 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 VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 4.06 shares estimated at $3.18 million under it, the former controlled 1.96% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.90% of the shares, roughly 3.93 shares worth around $3.09 million.
