The trading price of Ring Energy Inc (AMEX:REI) closed higher on Friday, June 13, and closing at $0.87, 2.88% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.8635 and $0.996. The company’s P/E ratio in the trailing 12-month period was 2.45, while its 5Y monthly beta was 0.766. In examining the 52-week price action we see that the stock hit a 52-week high of $2.06 and a 52-week low of $0.72. Over the past month, the stock has lost -1.83% in value.
Ring Energy Inc, whose market valuation is $179.02 million at the time of this writing, is expected to release its quarterly earnings report on 2025-May-06. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest REI has a 50% 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 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that REI’s price is currently 10.67% off the SMA20 and 2.80% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.35, and weekly volatility stands at 0.38%. When measured over the past 30 days, the indicator reaches 3.02%. Ring Energy Inc (AMEX:REI)’s beta value is currently sitting at 0.78, while the Average True Range indicator is currently displaying 0.06. With analysts defining $2.5-$2.5 as the low and high price targets, we arrive at a consensus price target of $2.5 for the trailing 12-month period. The current price is about -187.36% off the estimated low and -187.36% off the forecast high, based on this estimate. Investors will be thrilled if REI’s share price rises to $2.5, which is the median consensus price. At that level, REI’s share price would be -187.36% below current price.
To see how Ring Energy Inc stock has been performing in comparison to its peers in the industry, here are the numbers: REI stock’s performance was 2.88% in the latest trading, and -48.71% in the past year. Ring Energy Inc has a P/E ratio of 2.45.
An evaluation of the daily trading volume of Ring Energy Inc (AMEX:REI) indicates that the 3-month average is 2.31 million. However, this figure has increased over the past 10 days to an average of 4.87.
Currently, records show that 206.51 million of the company’s shares remain outstanding. The insiders hold 24.64% of outstanding shares, whereas institutions hold 30.20%. The stats also highlight that short interest as of 2025-05-30, stood at 14.2 million shares, resulting in a short ratio of 6.79 at that time. From this, we can conclude that short interest is 828.00 of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 12.05 million. However, since the stock’s price has seen -36.26% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
