On Monday, Ring Energy Inc (AMEX: REI) opened lower -3.75% from the last session, before settling in for the closing price of $1.60. Price fluctuations for REI have ranged from $1.25 to $2.20 over the past 52 weeks.
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Annual sales at Energy sector company grew by 35.06% over the past five years. Company’s average yearly earnings per share was noted -25.98% at the time writing. With a float of $141.43 million, this company’s outstanding shares have now reached $196.84 million.
Let’s look at the performance matrix of the company that is accounted for 108 employees. In terms of profitability, gross margin is 75.64%, operating margin of 39.23%, and the pretax margin is 36.36%.
Ring Energy Inc (REI) Insider and Institutional Ownership
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 28.64%, while institutional ownership is 31.63%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -25.98% 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 0.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.80. Likewise, its price to free cash flow for the trailing twelve months is 7.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Ring Energy Inc (REI)
Ring Energy Inc (AMEX: REI) saw its 5-day average volume 1.84 million, a positive change from its year-to-date volume of 1.79 million. As of the previous 9 days, the stock’s Stochastic %D was 64.47%. Additionally, its Average True Range was 0.07.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 16.26%, which indicates a significant increase from 14.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.41% in the past 14 days, which was higher than the 54.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5936, while its 200-day Moving Average is $1.7290. Nevertheless, the first resistance level for the watch stands at $1.5967 in the near term. At $1.6533, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.6867. If the price goes on to break the first support level at $1.5067, it is likely to go to the next support level at $1.4733. The third support level lies at $1.4167 if the price breaches the second support level.
Ring Energy Inc (AMEX: REI) Key Stats
There are currently 198,196K shares outstanding in the company with a market cap of 307.14 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 89,240 K and its income totaled 33,880 K.
