Ring Energy Inc (AMEX:REI) price on current trading day, rose 4.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.34.
A look at the stock’s price movement, the level at last check in today’s session was $1.28. The PE ratio in trailing twelve months stood at 2.36. Turning to its 52-week performance, $2.20 and $1.21 were the 52-week high and 52-week low respectively. Overall, REI moved 0.38% over the past month.
Ring Energy Inc’s market cap currently stands at around $264.59 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 86.2M for the company’s revenue for the quarter, with a low and high estimate of 83.41M and 89M respectively. The average forecast suggests down to a -13.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 369.26M, representing a 2.27% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that REI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.26, with REI’s current price about 0.74% and -1.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.69, while 7-day volatility ratio is 5.23% and 4.49% in the 30-day chart. Further, Ring Energy Inc (REI) has a beta value of 1.42, and an average true range (ATR) of 0.06.
If we refocus on Ring Energy Inc (AMEX:REI), historical trading data shows that trading volumes averaged 1.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 198.20 million shares.
The 30.00% of Ring Energy Inc’s shares are in the hands of company insiders while institutional holders own 33.06% of the company’s shares. Current price change has pushed the stock -1.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the REI stock continues to rise going into the next quarter.
