Ring Energy Inc. [REI] is -69.85% lower this YTD. Is it still time to buy?

Ring Energy Inc. [AMEX: REI] traded at a low on 08/28/20, posting a -0.77 loss after which it closed the day’ session at $0.80. The company report on August 25, 2020 that Lithia Motors Set to Join S&P MidCap 400; BankUnited & Trupanion to Join S&P SmallCap 600.

S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Tuesday, September 1:.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:.

The results of the trading session contributed to over 2509335 shares changing hands. Over the past one week, the price volatility of Ring Energy Inc. stands at 8.70% while the volatility over the past one month is 7.20%.

The market cap for REI stock reached $54.50 million, with 67.98 million shares outstanding and 49.95 million shares in the current float. Compared to the average trading volume of 1.34M shares, REI reached a trading volume of 2509335 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Ring Energy Inc. [REI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for REI shares is $1.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on REI stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Alliance Global Partners have made an estimate for Ring Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 18, 2020. The new note on the price target was released on March 17, 2020, representing the official price target for Ring Energy Inc. stock. Previously, the target price had yet another raise to $1, while SunTrust analysts kept a Hold rating on REI stock. On August 26, 2019, analysts decreased their price target for REI shares from 5 to 3.

The Average True Range (ATR) for Ring Energy Inc. is set at 0.08, with the Price to Sales ratio for REI stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.12, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for REI in the course of the last twelve months was 0.31 with Quick ratio for the last quarter at 2.00.

How has REI stock performed recently?

Ring Energy Inc. [REI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.70. With this latest performance, REI shares dropped by -27.65% in over the last four-week period, additionally sinking by -42.33% over the last 6 months – not to mention a drop of -45.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for REI stock in for the last two-week period is set at 28.12, with the RSI for the last a single of trading hit 24.09, and the three-weeks RSI is set at 34.57 for Ring Energy Inc. [REI]. The present Moving Average for the last 50 days of trading for this stock 1.1044, while it was recorded at 0.8674 for the last single week of trading, and 1.4457 for the last 200 days.

Ring Energy Inc. [REI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ring Energy Inc. [REI] shares currently have an operating margin of +32.82 and a Gross Margin at +41.35. Ring Energy Inc.’s Net Margin is presently recorded at +15.07.

Return on Total Capital for REI is now 9.21, given the latest momentum, and Return on Invested Capital for the company is 4.23. Return on Equity for this stock inclined to 5.98, with Return on Assets sitting at 3.63. When it comes to the capital structure of this company, Ring Energy Inc. [REI] has a Total Debt to Total Equity ratio set at 70.50. Additionally, REI Total Debt to Total Capital is recorded at 41.35, with Total Debt to Total Assets ending up at 36.07. Long-Term Debt to Equity for the company is recorded at 70.22, with the Long-Term Debt to Total Capital now at 41.19.

Reflecting on the efficiency of the workforce at the company, Ring Energy Inc. [REI] managed to generate an average of $508,561 per employee. Receivables Turnover for the company is 10.32 with a Total Asset Turnover recorded at a value of 0.24.Ring Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Earnings analysis for Ring Energy Inc. [REI]

With the latest financial reports released by the company, Ring Energy Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for REI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ring Energy Inc. go to 37.00%.

Insider trade positions for Ring Energy Inc. [REI]

There are presently around $23 million, or 46.10% of REI stock, in the hands of institutional investors. The top three institutional holders of REI stocks are: BLACKROCK INC. with ownership of 6,109,026, which is approximately -32.247% of the company’s market cap and around 17.77% of the total institutional ownership; VANGUARD GROUP INC, holding 3,987,538 shares of the stock with an approximate value of $3.17 million in REI stocks shares; and ARISTOTLE CAPITAL BOSTON, LLC, currently with $2.66 million in REI stock with ownership of nearly 9.344% of the company’s market capitalization.

Positions in Ring Energy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 37 institutional holders increased their position in Ring Energy Inc. [AMEX:REI] by around 2,957,199 shares. Additionally, 64 investors decreased positions by around 14,840,855 shares, while 17 investors held positions by with 11,380,746 shares. The mentioned changes placed institutional holdings at 29,178,800 shares, according to the latest SEC report filing. REI stock had 19 new institutional investments in for a total of 1,991,652 shares, while 24 institutional investors sold positions of 1,892,323 shares during the same period.

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