A new trading day began on Monday, with Ring Energy Inc (AMEX: REI) stock price down -0.68% from the previous day of trading, before settling in for the closing price of $1.47. REI’s price has ranged from $1.25 to $2.20 over the past 52 weeks.
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Energy Sector giant saw their annual sales surged by 35.06% over the last five years. Meanwhile, its annual earnings per share averaged -29.41%. With a float of $141.77 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Ring Energy Inc is 28.46%, while institutional ownership is 27.61%. The most recent insider transaction that took place on Oct 08 ’24, was worth 7,128,000. In this transaction 10% Owner of this company sold 4,400,000 shares at a rate of $1.62, taking the stock ownership to the 35,520,643 shares. Before that another transaction happened on Oct 08 ’24, when Company’s 10% Owner sold 4,400,000 for $1.62, making the entire transaction worth $7,128,000. This insider now owns 35,520,643 shares in total.
Ring Energy Inc (REI) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.13 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -29.41% 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
Here are Ring Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.74. Likewise, its price to free cash flow for the trailing twelve months is 5.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.41 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 1.37 million was lower than the volume posted last year of 1.77 million. As of the previous 9 days, the stock’s Stochastic %D was 25.21%. Additionally, its Average True Range was 0.07.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 3.25%, which indicates a significant decrease from 13.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.24% in the past 14 days, which was lower than the 50.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6420, while its 200-day Moving Average is $1.7123. Now, the first resistance to watch is $1.4900. This is followed by the second major resistance level at $1.5200. The third major resistance level sits at $1.5350. If the price goes on to break the first support level at $1.4450, it is likely to go to the next support level at $1.4300. Now, if the price goes above the second support level, the third support stands at $1.4000.
Ring Energy Inc (AMEX: REI) Key Stats
With a market capitalization of 287.37 million, the company has a total of 198,172K Shares Outstanding. Currently, annual sales are 361,060 K while annual income is 104,860 K. The company’s previous quarter sales were 99,140 K while its latest quarter income was 22,420 K.
