The trading price of Ring Energy Inc (AMEX:REI) floating lower at last check on current market day and closing at $1.34, -0.74% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.32 and $1.36. The company’s P/E ratio in the trailing 12-month period was 2.37, while its 5Y monthly beta was 1.635. In examining the 52-week price action we see that the stock hit a 52-week high of $2.20 and a 52-week low of $1.21. Over the past month, the stock has lost -10.67% in value.
Ring Energy Inc, whose market valuation is $265.58 million at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.07 per share this quarter, however they have predicted annual earnings per share of 0.37 for current year and 0.41 for next year.
Analysts have forecast the company to bring in revenue of 85.86M for the current quarter, with the likely lows of 83.83M and highs of 89M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 368.87M.
On the technical side, indicators suggest REI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.26, which symbolizes a positive outlook. A quick review shows that REI’s price is currently -2.23% off the SMA20 and -3.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.84, and weekly volatility stands at 3.87%. When measured over the past 30 days, the indicator reaches 4.31%. Ring Energy Inc (AMEX:REI)’s beta value is currently sitting at 1.42, while the Average True Range indicator is currently displaying 0.06.
To see how Ring Energy Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: REI stock’s performance was -0.74% at last check in today’s session, and 3.08% in the past year. Ring Energy Inc has a P/E ratio of 2.37.
An evaluation of the daily trading volume of Ring Energy Inc (AMEX:REI) indicates that the 3-month average is 1.77 million. However, this figure has increased over the past 10 days to an average of 1.41.
Currently, records show that 198.20 million of the company’s shares remain outstanding. The insiders hold 28.66% of outstanding shares, whereas institutions hold 31.71%. The stats also highlight that short interest as of 2025-01-31, stood at 11.56 million shares, resulting in a short ratio of 6.45 at that time. From this, we can conclude that short interest is 786.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 12.77 million. However, since the stock’s price has seen -1.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
