Ring Energy Inc (AMEX: REI) on Monday, soared 4.43% from the previous trading day, before settling in for the closing price of $1.58. Within the past 52 weeks, REI’s price has moved between $1.25 and $2.20.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Energy sector saw sales topped by 35.06%. The company achieved an average annual earnings per share of -19.61%. With a float of $131.09 million, this company’s outstanding shares have now reached $196.84 million.
The extent of productivity of a business whose workforce counts for 108 workers is very important to gauge. In terms of profitability, gross margin is 75.96%, operating margin of 41.29%, and the pretax margin is 21.77%.
Ring Energy Inc (REI) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Ring Energy Inc is 33.85%, while institutional ownership is 27.51%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -19.61% 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
Ring Energy Inc (REI) is currently performing well based on its current performance indicators. A quick ratio of 0.45 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.84. Likewise, its price to free cash flow for the trailing twelve months is 6.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.47 in one year’s time.
Technical Analysis of Ring Energy Inc (REI)
The latest stats from [Ring Energy Inc, REI] show that its last 5-days average volume of 1.77 million was superior to 1.73 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 11.82%. Additionally, its Average True Range was 0.09.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 21.43%, which indicates a significant decrease from 23.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.52% in the past 14 days, which was higher than the 54.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8224, while its 200-day Moving Average is $1.6905. Now, the first resistance to watch is $1.7033. This is followed by the second major resistance level at $1.7567. The third major resistance level sits at $1.8133. If the price goes on to break the first support level at $1.5933, it is likely to go to the next support level at $1.5367. The third support level lies at $1.4833 if the price breaches the second support level.
Ring Energy Inc (AMEX: REI) Key Stats
Market capitalization of the company is 326.98 million based on 197,937K outstanding shares. Right now, sales total 361,060 K and income totals 104,860 K. The company made 99,140 K in profit during its latest quarter, and 22,420 K in sales during its previous quarter.
