Ring Energy Inc (AMEX:REI)’s traded shares stood at 9.91 million during the latest session, with the company’s beta value hitting 0.78. At the last check today, the stock’s price was $0.95, to imply an increase of 12.42% or $0.11 in intraday trading. The REI share’s 52-week high remains $2.06, putting it -116.84% down since that peak but still an impressive 24.21% since price per share fell to its 52-week low of $0.72. The company has a valuation of $195.60M, with an average of 2.94 million shares in intraday trading volume over the past 10 days and average of 2.31 million shares over the past 3 months.
Ring Energy Inc (AMEX:REI) trade information
After registering a 12.42% upside in the latest session, Ring Energy Inc (REI) has traded red over the past five days. The 5-day price performance for the stock is 22.65%, and 7.26% over 30 days. With these gigs, the year-to-date price performance is -30.36%. Short interest in Ring Energy Inc (AMEX:REI) saw shorts transact 14.2 million shares and set a 6.79 days time to cover.
The extremes give us $2.5 and $2.5 for target low and target high price respectively. As such, REI has been trading -163.16% off suggested target high and -163.16% from its likely low.
Ring Energy Inc (REI) estimates and forecasts
The rating firms project that company’s revenue will shrink -10.93% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 79.9M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 83.8M.Earnings reports from the last fiscal year show that sales brought in 99.14M and 89.24M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -19.41% before dropping -6.10% in the following quarter.
REI Dividends
Ring Energy Inc has its next earnings report out on 2025-May-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ring Energy Inc (AMEX:REI)’s Major holders
Ring Energy Inc insiders hold 10.45% of total outstanding shares, with institutional holders owning 43.65% of the shares at 48.75% float percentage. In total, 43.65% institutions holds shares in the company, led by WARBURG PINCUS LLC. As of 2024-06-30, the company held over 46.12 million shares (or 23.296% of shares), all amounting to roughly $77.94 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 8.87 million shares, or about 4.4799% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $14.99 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Ring Energy Inc (REI) shares. Going by data provided on Mar 31, 2025 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 5.21 shares. This is just over 2.52% of the total shares, with a market valuation of $4.91 million. Data from the same date shows that the other fund manager holds a little less at 3.67, or 1.78% of the shares, all valued at about 3.46 million.
