Ring Energy Inc. (AMEX: REI) is -74.05% lower on its value in year-to-date trading and has touched a low of $0.52 and a high of $3.31 in the current 52-week trading range. The REI stock was last observed hovering at around $0.80 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $1.40 for the next 12 months. It is also 65.84% off the consensus price target high of $2.02 offered by 6 analysts, but current levels are 31.0% higher than the price target low of $1.00 for the same period.
Currently trading at $0.69, the stock is -34.05% and -37.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.02 million and changing -13.91% at the moment leaves the stock -52.61% off its SMA200. REI registered -53.07% loss for a year compared to 6-month loss of -48.09%. The firm has a 50-day simple moving average (SMA 50) of $1.0671 and a 200-day simple moving average (SMA200) of $1.0477.
The stock witnessed a -37.71% gain in the last 1 month and extending the period to 3 months gives it a -41.44%, and is -24.48% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.55% over the week and 7.94% over the month.
Ring Energy Inc. (REI) has around 58 employees, a market worth around $46.92M and $152.80M in sales. Profit margin for the company is -50.60%. Distance from 52-week low is 32.23% and -79.30% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
Ring Energy Inc. (REI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ring Energy Inc. (REI) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 2.80, where 5 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ring Energy Inc. is expected to release its quarterly report on 11/10/2020 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $26.86M over the same period.The EPS is expected to grow by 198.70% this year, but quarterly earnings will post -45.60% year-over-year. Quarterly sales are estimated to shrink -45.00% in year-over-year returns.
Ring Energy Inc. (REI) Top Institutional Holders
159 institutions hold shares in Ring Energy Inc. (REI), with 12.08M shares held by insiders accounting for 17.77% while institutional investors hold 77.05% of the company’s shares. The shares outstanding are 67.98M, and float is at 49.95M with Short Float at 23.40%. Institutions hold 63.36% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.11 million shares valued at $7.09 million. The investor’s holdings represent 8.99% of the REI Shares outstanding. As of Jun 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 3.99 million shares valued at $4.63 million to account for 5.87% of the shares outstanding. The other top investors are Aristotle Capital Boston, LLC which holds 3.35 million shares representing 4.92% and valued at over $3.88 million, while Carlyle Group Inc. holds 3.86% of the shares totaling 2.62 million with a market value of $3.04 million.
Ring Energy Inc. (REI) Insider Activity
A total of 0 insider transactions have happened at Ring Energy Inc. (REI) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Hoffman Kelly W., the company’s CEO. SEC filings show that Hoffman Kelly W. bought 10,000 shares of the company’s common stock on Sep 13 at a price of $1.47 per share for a total of $14700.0. Following the purchase, the insider now owns 69546.0 shares.
Ring Energy Inc. disclosed in a document filed with the SEC on Sep 11 that Rochford Living Trust Lloyd Ti (Director) bought a total of 12,500 shares of the company’s common stock. The trade occurred on Sep 11 and was made at $1.63 per share for $20375.0. Following the transaction, the insider now directly holds 1.55 million shares of the REI stock.
Still, SEC filings show that on Sep 11, Hoffman Kelly W. (CEO) acquired 22,000 shares at an average price of $1.60 for $35200.0. The insider now directly holds 59,546 shares of Ring Energy Inc. (REI).
Ring Energy Inc. (REI): Who are the competitors?
The company’s main competitors (and peers) include Laredo Petroleum Inc. (LPI) that is trading -67.04% down over the past 12 months. Short interest in the company’s stock has risen 1.37% from the last report on Jul 14, 2020 to stand at a total of 11.53 million short shares sold with a short interest ratio of 12.3.