Ring Energy Inc (AMEX: REI) is -37.68% 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 $0.82 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.85, the stock is -3.06% and -17.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 3.35% at the moment leaves the stock -40.42% off its SMA200. REI registered -52.65% loss for a year compared to 6-month loss of -44.24%.
The stock witnessed a -6.21% gain in the last 1 month and extending the period to 3 months gives it a -33.27%, and is -7.88% 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 5.55% over the week and 6.50% over the month.
Ring Energy Inc (REI) has around 115 employees, a market worth around $175.03M and $350.92M in sales. Current P/E ratio is 2.39 and Fwd P/E is 2.52. Profit margin for the company is 20.25%. Distance from 52-week low is 8.65% and -58.76% from its 52-week high. The company has generated returns on investments over the last 12 months (5.31%).
with sales reaching $84.05M over the same period.The EPS is expected to shrink by -40.00% this year, but quarterly earnings will post -6.53% year-over-year. Quarterly sales are estimated to shrink -15.22% in year-over-year returns.
Ring Energy Inc (REI) Top Institutional Holders
The shares outstanding are 206.51M, and float is at 151.08M with Short Float at 7.98%.
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).
