During the last session, Ring Energy Inc (AMEX:REI)’s traded shares were 3.08 million, with the beta value of the company hitting 0.81. The 52-week high for the REI share is $2.06, that puts it down -164.1 from that peak though still a striking 7.69% gain since the share price plummeted to a 52-week low of $0.72. The company’s market capitalization is $161.90M, and the average intraday trading volume over the past 10 days was 5.79 million shares, and the average trade volume was 3.70 million shares over the past three months.
Ring Energy Inc (AMEX:REI) trade information
Ring Energy Inc (REI) registered a -0.01% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.01% in intraday trading to $0.78, hitting a weekly high. The stock’s 5-day price performance is -3.32%, and it has moved by 0.24% in 30 days. Based on these gigs, the overall price performance for the year is -42.36%. The short interest in Ring Energy Inc (AMEX:REI) is 13.27 million shares and it means that shorts have 3.82 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies an increase of 68.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $2.5 respectively. As a result, REI is trading at a discount of -220.51% off the target high and -220.51% off the low.
Ring Energy Inc (REI) estimates and forecasts
In the rating firms’ projections, revenue will decrease -12.93% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 79.25M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 81.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 99.14M and 89.24M respectively. In this case, analysts expect current quarter sales to shrink by -20.06% and then drop by -8.64% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.28%. While earnings are projected to return -61.43% in 2025.
REI Dividends
Ring Energy Inc is due to release its next quarterly earnings on 2025-May-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ring Energy Inc (AMEX:REI)’s Major holders
Ring Energy Inc insiders own 10.45% of total outstanding shares while institutional holders control 42.42%, with the float percentage being 47.37%. WARBURG PINCUS LLC is the largest shareholder of the company, while 188.0 institutions own stock in it. As of 2024-06-30, the company held over 46.12 million shares (or 23.296% of all shares), a total value of $77.94 million in shares.
The next largest institutional holding, with 8.87 million shares, is of BLACKROCK INC.’s that is approximately 4.4799% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $14.99 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ring Energy Inc (REI) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Mar 31, 2025 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 5.21 shares. This amounts to just over 2.52 percent of the company’s overall shares, with a $4.08 million market value. The same data shows that the other fund manager holds slightly less at 3.72, or about 1.80% of the stock, which is worth about $2.91 million.
