Ring Energy Inc. [REI] Stock trading around $0.53 per share: What’s Next?

Ring Energy Inc. [AMEX: REI] closed the trading session at $0.53 on 11/10/20. The day’s price range saw the stock hit a low of $0.52, while the highest price level was $0.59. The company report on November 10, 2020 that Ring Energy Announces Financial and Operational Results for the Three and Nine-Month Periods Ending September 30, 2020.

Ring Energy, Inc. (NYSEAM: REI) (“Ring”) (“Company”) announced today financial and operational results for the third quarter ended September 30, 2020.

Q3 2020 Highlights.

The stocks have a year to date performance of -79.90 percent and weekly performance of 7.91 percent. The stock has been moved at -27.33 percent over the last six months. The stock has performed -29.72 percent around the most recent 30 days and changed -51.76 percent over the most recent 3-months.

If compared to the average trading volume of 1.38M shares, REI reached to a volume of 1238288 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ring Energy Inc. [REI]:

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 0.06, with the Price to Sales ratio for REI stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 0.18. Price to Free Cash Flow for REI in the course of the last twelve months was 0.29 with Quick ratio for the last quarter at 2.00.

REI stock trade performance evaluation

Ring Energy Inc. [REI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.91. With this latest performance, REI shares dropped by -29.72% in over the last four-week period, additionally sinking by -27.33% over the last 6 months – not to mention a drop of -77.42% 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 40.19, with the RSI for the last a single of trading hit 41.91, and the three-weeks RSI is set at 39.41 for Ring Energy Inc. [REI]. The present Moving Average for the last 50 days of trading for this stock 0.6697, while it was recorded at 0.5124 for the last single week of trading, and 1.0111 for the last 200 days.

Ring Energy Inc. [REI]: An insightful look at the core 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 per share (EPS) analysis for Ring Energy Inc. [REI] stock

With the latest financial reports released by the company, Ring Energy Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. 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%.

Ring Energy Inc. [REI]: Insider Ownership positions

There are presently around $13 million, or 31.90% of REI stock, in the hands of institutional investors. The top three institutional holders of REI stocks are: VANGUARD GROUP INC with ownership of 3,987,538, which is approximately -1.205% of the company’s market cap and around 16.22% of the total institutional ownership; ARISTOTLE CAPITAL BOSTON, LLC, holding 3,346,950 shares of the stock with an approximate value of $1.78 million in REI stocks shares; and CARLYLE GROUP INC., currently with $1.39 million in REI stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Ring Energy Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 36 institutional holders increased their position in Ring Energy Inc. [AMEX:REI] by around 3,427,554 shares. Additionally, 55 investors decreased positions by around 14,832,355 shares, while 19 investors held positions by with 5,328,426 shares. The mentioned changes placed institutional holdings at 23,588,335 shares, according to the latest SEC report filing. REI stock had 17 new institutional investments in for a total of 2,249,990 shares, while 24 institutional investors sold positions of 2,561,406 shares during the same period.

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