Ring Energy Inc (AMEX: REI) kicked off on Tuesday, down -5.00% from the previous trading day, before settling in for the closing price of $2.00. Over the past 52 weeks, REI has traded in a range of $1.25-$2.43.
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Energy Sector giant saw their annual sales surged by 35.06% over the last five years. While this was happening, its average annual earnings per share was recorded -8.82%. With a float of $125.62 million, this company’s outstanding shares have now reached $196.84 million.
The firm has a total of 108 workers. Let’s measure their productivity.
Ring Energy Inc (REI) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Ring Energy Inc is 36.53%, while institutional ownership is 24.22%. The most recent insider transaction that took place on Dec 01 ’23, was worth 83,700. In this transaction Director of this company bought 50,000 shares at a rate of $1.67, taking the stock ownership to the 355,094 shares. Before that another transaction happened on Nov 15 ’23, when Company’s CEO and Chairman of the Board bought 50,000 for $1.64, making the entire transaction worth $82,000. This insider now owns 1,318,231 shares in total.
Ring Energy Inc (REI) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -8.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 37.00% during the next five years compared to 29.41% growth over the previous five years of trading.
Ring Energy Inc (AMEX: REI) Trading Performance Indicators
Take a look at Ring Energy Inc’s (REI) current performance indicators. Last quarter, stock had a quick ratio of 0.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.04. Likewise, its price to free cash flow for the trailing twelve months is 8.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.52 in one year’s time.
Technical Analysis of Ring Energy Inc (REI)
Analysing the last 5-days average volume posted by the [Ring Energy Inc, REI], we can find that recorded value of 1.21 million was lower than the volume posted last year of 1.83 million. As of the previous 9 days, the stock’s Stochastic %D was 33.46%. Additionally, its Average True Range was 0.08.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 68.58%, which indicates a significant increase from 3.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.00% in the past 14 days, which was lower than the 50.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.80, while its 200-day Moving Average is $1.74. Now, the first resistance to watch is $1.96. This is followed by the second major resistance level at $2.01. The third major resistance level sits at $2.05. If the price goes on to break the first support level at $1.87, it is likely to go to the next support level at $1.83. Now, if the price goes above the second support level, the third support stands at $1.78.
Ring Energy Inc (AMEX: REI) Key Stats
The company with the Market Capitalisation of 376.07 million has total of 197,934K Shares Outstanding. Its annual sales at the moment are 361,060 K in contrast with the sum of 104,860 K annual income. Company’s last quarter sales were recorded 99,940 K and last quarter income was 50,900 K.
