In the current trading session, Ring Energy Inc.’s (REI) stock is trading at the price of $1.94, a gain of 0.52% over last night’s close. So, the stock is trading at a price that is -44.01% less than its 52-week high of $3.46 and 19.38% better than its 52-week low of $1.62. Based on the past 30-day period, the stock price is -6.52% below the high and +9.32% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, REI’s SMA-200 is $2.0378.
It is also essential to consider REI stock ratios like the price-to-sales ratio, which is 1.09 for the last year.Likewise, its price to free cash flow for the last twelve months stands at 6.10. REI’s price to book ratio for the most recent quarter was 0.51, resulting in an 232.20 price to cash per share for the period.
How does Ring Energy Inc. (REI) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 2 brokerage firms that recommend the stock as a Hold. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.00 in simple terms.
Ring Energy Inc. (REI): Earnings History
If we examine Ring Energy Inc.’s recent earnings history, in the last quarter ended on 6/29/2023, it posted adjusted earnings per share of $0.14, slashing the consensus of $0.1. In other words, it topped the consensus by $0.04, resulting in a 40.00% surprise. In the 3 months period before the previous quarter which was closed on 6/29/2023, the stock recorded adjusted earnings per share of $0.14 in contrast with the Outlook of $0.1. That was a difference of $0.04 and a surprise of 40.00%.
Ring Energy Inc. (REI): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 1 different analysts, who are expecting earnings to fall in between the range of 0.13 and 0.13 with an average Earnings Estimate of 0.13 which is in contrast with the last year earnings estimate of 0.27 and also replicates -51.85% growth rate year over year.
Ring Energy Inc. (AMEX: REI) Ownership Details
I will give a breakdown of the key shareholders in Ring Energy Inc. (REI). Recent figures show that the company’s insiders hold 10.05% of shares. A total of 172 institutional investors hold shares in the company, making 47.85% of its stock and 53.19% of its float.
Jun 29, 2023, it was reported that the Company’s largest institutional holder is Warburg Pincus LLC holding total of 49.66 million shares that make 25.42% of the company’s total number of shares and are currently priced at 84.91 million.
The securities firm Blackrock Inc. holds 8.35 million shares of REI, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 4.27%, and the holding percentage of shares is valued at 14.28 million.
An overview of Ring Energy Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Ring Energy Inc. (REI) traded 2,293,039 shares per day, with a moving average of $1.9102 and price change of +0.0150. With the moving average of $2.0391 and a price change of +0.0950, about 2,541,113 shares changed hands on average over the past 50 days. Finally, REI’s 100-day average volume is 2,273,889 shares, alongside a moving average of $1.9123 and a price change of +0.2250.