Ring Energy Inc (AMEX: REI) kicked off on Friday, up 2.00% from the previous trading day, before settling in for the closing price of $1.50. Over the past 52 weeks, REI has traded in a range of $1.25-$2.20.
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During the last 5-year period, the sales growth of Energy Sector giant was 35.06%. While this was happening, its average annual earnings per share was recorded -25.98%. With a float of $141.43 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. 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) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. 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) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.11 earnings per share (EPS), lower than consensus estimate (set at 0.12) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
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
Take a look at Ring Energy Inc’s (REI) current performance indicators. Last quarter, stock had a quick ratio of 0.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.81. Likewise, its price to free cash flow for the trailing twelve months is 7.06.
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)
Looking closely at Ring Energy Inc (AMEX: REI), its last 5-days average volume was 1.44 million, which is a drop from its year-to-date volume of 1.78 million. As of the previous 9 days, the stock’s Stochastic %D was 15.38%. Additionally, its Average True Range was 0.07.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 14.63%, which indicates a significant decrease from 28.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.88% in the past 14 days, which was lower than the 53.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5794, while its 200-day Moving Average is $1.7318. However, in the short run, Ring Energy Inc’s stock first resistance to watch stands at $1.5533. Second resistance stands at $1.5767. The third major resistance level sits at $1.6033. If the price goes on to break the first support level at $1.5033, it is likely to go to the next support level at $1.4767. Now, if the price goes above the second support level, the third support stands at $1.4533.
Ring Energy Inc (AMEX: REI) Key Stats
The company with the Market Capitalisation of 309.30 million has total of 198,196K Shares Outstanding. Its annual sales at the moment are 361,060 K in contrast with the sum of 104,860 K annual income. Company’s last quarter sales were recorded 89,240 K and last quarter income was 33,880 K.
