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What should you know before buying stock in Ring Energy Inc. (REI)

Ring Energy Inc. (AMEX: REI) is 1.63% higher on its value in year-to-date trading and has touched a low of $2.14 and a high of $5.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REI stock was last observed hovering at around $2.47 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $5.50 for the next 12 months. It is also 68.75% off the consensus price target high of $8.00 offered by 3 analysts, but current levels are 16.67% higher than the price target low of $3.00 for the same period.

Currently trading at $2.50, the stock is 6.45% and -1.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 1.21% at the moment leaves the stock -20.22% off its SMA200. REI registered -4.94% loss for a year compared to 6-month loss of 5.49%.

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The stock witnessed a 13.64% gain in the last 1 month and extending the period to 3 months gives it a -13.49%, and is 3.31% up 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 5.36% over the week and 5.41% over the month.

Ring Energy Inc. (REI) has around 53 employees, a market worth around $423.68M and $307.20M in sales. Current P/E ratio is 2.50 and Fwd P/E is 2.60. Profit margin for the company is 48.30%. Distance from 52-week low is 16.66% and -50.88% from its 52-week high. The company has generated returns on investments over the last 12 months (16.20%).

Ring Energy Inc. (REI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ring Energy Inc. (REI) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.50, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 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 05/09/2023.The EPS is expected to grow by 100.80% this year.

Ring Energy Inc. (REI) Top Institutional Holders

The shares outstanding are 115.38M, and float is at 88.48M with Short Float at 20.83%.

Ring Energy Inc. (REI) Insider Activity

A total of 15 insider transactions have happened at Ring Energy Inc. (REI) in the last six months, with sales accounting for 8 and purchases happening 7 times. The most recent transaction is an insider purchase by Kruse William R,the company’s10% Owner. SEC filings show that Kruse William R bought 507,214 shares of the company’s common stock on Aug 01 at a price of $2.67 per share for a total of $1.35 million. Following the purchase, the insider now owns 13.45 million shares.

Ring Energy Inc. (REI): Who are the competitors?

The company’s main competitors (and peers) include Vital Energy Inc. (VTLE) that is trading -15.70% down over the past 12 months. Mexco Energy Corporation (MXC) is 33.25% up on the 1-year trading charts.

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