Ring Energy Inc (AMEX:REI) traded at $1.58 at last check on current trade day and made a downward move of -2.78% on its previous day’s price.
Looking at the stock we see that its previous close was $1.62 and the beta (5Y monthly) reads 1.624 with the day’s price range being $1.545 – $1.62. The company has a trailing 12-month PE ratio of 4.40. In terms of its 52-week price range, REI has a high of $2.20 and a low of $1.25. The company’s stock has lost about -9.48% over that past 30 days.
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Ring Energy Inc has a market cap of $312.12 million and is expected to release its quarterly earnings report on 2024-Oct-31. Estimates by analysts give the company expected earnings per share (EPS) of 0.1, with the EPS growth for the year raised at 0.41 for current year and 0.41 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 93.42M, with a low of 90.8M and a high of 97.27M. The median projection represents growth adding up to -0.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 381.41M, or 5.60% up from figures reported last year.
On the other hand, looking at the outlook for the REI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Sell.
Looking further, we note that the PEG ratio for the REI stock currently stands at 0.12, and the most recent price level today is -5.36% off its SMA20 and -8.99% from its 50-day simple moving average. The RSI (14) is pointing at 41.11 while the volatility over the past week is 4.21% and jumps to 4.52% over the past one month. The beta value is 1.62, while the average true range (ATR) is currently pointing at 0.08.
Coming back to Ring Energy Inc (AMEX:REI), we note that the average 3-month trading volume was 1.72 million, while that of the preceding 10-day period stands at 2.11 million. Current shares outstanding are 196.84 million.
The insiders hold 28.46% of the company’s shares while institutions hold 27.55%. The data shows that short shares as of 2024-09-30, stood at 13.99 million at a short ratio of 7.45. This represents a 952.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 13.73 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.88% up in year-to-date price movement.
