On Tuesday, Ring Energy Inc (AMEX: REI) opened higher 1.72% from the last session, before settling in for the closing price of $1.74. Price fluctuations for REI have ranged from $1.25 to $2.20 over the past 52 weeks.
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
Energy Sector giant saw their annual sales surged by 35.06% over the last five years. Company’s average yearly earnings per share was noted -19.61% at the time writing. With a float of $131.17 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. 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) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Ring Energy Inc is 33.81%, 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) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.13 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.12) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 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
Check out the current performance indicators for Ring Energy Inc (REI). In the past quarter, the stock posted a quick ratio of 0.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.91. Likewise, its price to free cash flow for the trailing twelve months is 7.19.
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 0.48 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 1.43 million was lower than the volume posted last year of 1.72 million. As of the previous 9 days, the stock’s Stochastic %D was 82.40%. Additionally, its Average True Range was 0.08.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 45.71%, which indicates a significant decrease from 62.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.08% in the past 14 days, which was higher than the 54.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8192, while its 200-day Moving Average is $1.6906. Now, the first resistance to watch is $1.7950. This is followed by the second major resistance level at $1.8200. The third major resistance level sits at $1.8500. If the price goes on to break the first support level at $1.7400, it is likely to go to the next support level at $1.7100. Now, if the price goes above the second support level, the third support stands at $1.6850.
Ring Energy Inc (AMEX: REI) Key Stats
There are currently 197,937K shares outstanding in the company with a market cap of 350.76 million. Presently, the company’s annual sales total 361,060 K according to its annual income of 104,860 K. Last quarter, the company’s sales amounted to 99,140 K and its income totaled 22,420 K.
