Ring Energy Inc (AMEX: REI) is -37.49% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $2.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The REI stock was last observed hovering at around $0.86 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.85, the stock is -3.16% and -18.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -1.15% at the moment leaves the stock -40.69% off its SMA200. REI registered -55.26% loss for a year compared to 6-month loss of -42.17%.
The stock witnessed a -9.60% gain in the last 1 month and extending the period to 3 months gives it a -35.11%, and is -4.06% 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 5.59% over the week and 7.76% over the month.
Ring Energy Inc (REI) has around 115 employees, a market worth around $175.57M and $366.33M in sales. Current P/E ratio is 2.53 and Fwd P/E is 2.53. Profit margin for the company is 18.42%. Distance from 52-week low is 8.99% and -58.63% from its 52-week high. The company has generated returns on investments over the last 12 months (5.42%).
The EPS is expected to shrink by -40.00% this year
The shares outstanding are 198.56M, and float is at 151.08M with Short Float at 7.64%.
The top institutional shareholder in the company is WARBURG PINCUS LLC with over 46.12 million shares valued at $77.94 million. The investor’s holdings represent 23.296 of the REI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.87 million shares valued at $14.99 million to account for 4.4799 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.2 million shares representing 2.626 and valued at over $8.79 million, while AMERIPRISE FINANCIAL INC holds 2.3993 of the shares totaling 4.75 million with a market value of $8.03 million.
Ring Energy Inc (REI) Insider Activity
The most recent transaction is an insider purchase by CRUM JOHN A, the company’s Director. SEC filings show that CRUM JOHN A bought 50,000 shares of the company’s common stock on Apr 01 ’25 at a price of $1.15 per share for a total of $57500.0. Following the purchase, the insider now owns 0.56 million shares.
Ring Energy Inc disclosed in a document filed with the SEC on Mar 10 ’25 that McKinney Paul D. (CEO and Chairman of the Board) bought a total of 200,000 shares of the company’s common stock. The trade occurred on Mar 10 ’25 and was made at $1.08 per share for $0.22 million. Following the transaction, the insider now directly holds 2.97 million shares of the REI stock.
Still, SEC filings show that on Feb 24 ’25, Warburg Pincus (E&P) XII LLC (10% Owner) disposed off 6,575,000 shares at an average price of $1.23 for $8.09 million. The insider now directly holds 28,945,643 shares of Ring Energy Inc (REI).
