In last trading session, Ring Energy Inc (AMEX:REI) saw 3.37 million shares changing hands with its beta currently measuring 0.83. Company’s recent per share price level of $0.84 trading at -$0.04 or -5.27% at ring of the bell on the day assigns it a market valuation of $172.76M. That closing price of REI’s stock is at a discount of -145.24% from its 52-week high price of $2.06 and is indicating a premium of 7.14% from its 52-week low price of $0.78.
Ring Energy Inc (AMEX:REI) trade information
Upright in the red during last session for losing -5.27%, in the last five days REI remained trading in the green while hitting it’s week-highest on Monday, 05/12/25 when the stock touched $0.84 price level, adding 10.47% to its value on the day. Ring Energy Inc’s shares saw a change of -38.49% in year-to-date performance and have moved 2.01% in past 5-day. Ring Energy Inc (AMEX:REI) showed a performance of 2.22% in past 30-days.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 66.4% 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 -197.62% in reaching the projected high whereas dropping to the targeted low would mean a loss of -197.62% for stock’s current value.
Ring Energy Inc (REI) estimates and forecasts
This year revenue growth is estimated to fall -8.28% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 81M for the same. And 1 analysts are in estimates of company making revenue of 87.2M in the next quarter. Company posted 99.14M and 89.24M 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
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 $3.39 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 $3.29 million in the company or a holder of 1.90% of company’s stock.
