Ring Energy Inc (AMEX: REI) is 41.10% higher on its value in year-to-date trading and has touched a low of $1.25 and a high of $2.43 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 $2.08 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.06, the stock is 4.38% and 25.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -0.96% at the moment leaves the stock 18.93% off its SMA200. REI registered 7.29% gain for a year compared to 6-month gain of 16.38%.
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The stock witnessed a 15.08% loss in the last 1 month and extending the period to 3 months gives it a 47.14%, and is -0.48% 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 4.23% over the week and 4.54% over the month.
Ring Energy Inc (REI) has around 108 employees, a market worth around $407.74M and $361.06M in sales. Current P/E ratio is 3.83 and Fwd P/E is 4.43. Profit margin for the company is 29.04%. Distance from 52-week low is 64.80% and -15.23% from its 52-week high. The company has generated returns on investments over the last 12 months (8.63%).
The EPS is expected to shrink by -11.76% this year.
Ring Energy Inc (REI) Top Institutional Holders
The shares outstanding are 196.84M, and float is at 125.62M with Short Float at 10.84%.
Ring Energy Inc (REI) Insider Activity
The most recent transaction is an insider purchase by CRUM JOHN A,the company’sDirector. SEC filings show that CRUM JOHN A bought 50,000 shares of the company’s common stock on Dec 01 ’23 at a price of $1.67 per share for a total of $83700.0. Following the purchase, the insider now owns 0.36 million shares.
Ring Energy Inc disclosed in a document filed with the SEC on Nov 15 ’23 that McKinney Paul D. (CEO and Chairman of the Board) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 15 ’23 and was made at $1.64 per share for $82000.0. Following the transaction, the insider now directly holds 1.32 million shares of the REI stock.
Still, SEC filings show that on Sep 12 ’23, Petrelli Anthony Benedict (Director) acquired 50,000 shares at an average price of $1.92 for $95980.0. The insider now directly holds 611,294 shares of Ring Energy Inc (REI).
