Ring Energy Inc (AMEX: REI) on Friday, plunged -0.62% from the previous trading day, before settling in for the closing price of $1.61. Within the past 52 weeks, REI’s price has moved between $1.25 and $2.20.
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During the last 5-year period, the sales growth of Energy Sector giant was 35.06%. The company achieved an average annual earnings per share of -21.31%. With a float of $137.37 million, this company’s outstanding shares have now reached $196.84 million.
Let’s determine the extent of company efficiency that accounts for 108 employees.
Ring Energy Inc (REI) Breakdown of a Key Holders of the stock
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Ring Energy Inc is 30.68%, while institutional ownership is 27.55%. The most recent insider transaction that took place on Sep 18 ’24, was worth 10,168,000. In this transaction 10% Owner of this company sold 6,200,000 shares at a rate of $1.64, taking the stock ownership to the 39,920,643 shares. Before that another transaction happened on Sep 18 ’24, when Company’s 10% Owner sold 6,200,000 for $1.64, making the entire transaction worth $10,168,000. This insider now owns 39,920,643 shares in total.
Ring Energy Inc (REI) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -21.31% 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 0.82. Likewise, its price to free cash flow for the trailing twelve months is 6.50.
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)
Looking closely at Ring Energy Inc (AMEX: REI), its last 5-days average volume was 1.87 million, which is a jump from its year-to-date volume of 1.75 million. As of the previous 9 days, the stock’s Stochastic %D was 14.90%. Additionally, its Average True Range was 0.08.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 13.33%, which indicates a significant decrease from 22.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.22% in the past 14 days, which was lower than the 54.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7798, while its 200-day Moving Average is $1.6951. However, in the short run, Ring Energy Inc’s stock first resistance to watch stands at $1.6300. Second resistance stands at $1.6600. The third major resistance level sits at $1.6850. If the price goes on to break the first support level at $1.5750, it is likely to go to the next support level at $1.5500. Now, if the price goes above the second support level, the third support stands at $1.5200.
Ring Energy Inc (AMEX: REI) Key Stats
Market capitalization of the company is 317.07 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.
