Ring Energy Inc. [AMEX: REI] loss -1.73% on the last trading session, reaching $2.27 price per share at the time. The company report on November 9, 2022 that Ring Energy Announces Record Results for Third Quarter Of 2022.
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Closed Transformational Acquisition and Increased Production, Revenue, Net Income, Adjusted EBITDA and Free Cash Flow.
Ring Energy Provides Operational Update, Revised Fourth Quarter Guidance & Initial Outlook for 2023.
Ring Energy Inc. represents 115.38 million in outstanding shares, while the company has a total market value of $395.89 million with the latest information. REI stock price has been found in the range of $2.25 to $2.40.
If compared to the average trading volume of 2.14M shares, REI reached a trading volume of 2285203 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $5.50 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 2.50. 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.
ROTH Capital have made an estimate for Ring Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 01, 2022. The new note on the price target was released on October 14, 2021, representing the official price target for Ring Energy Inc. stock.
The Average True Range (ATR) for Ring Energy Inc. is set at 0.17, with the Price to Sales ratio for REI stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for REI in the course of the last twelve months was 2.53 with Quick ratio for the last quarter at 0.50.
Trading performance analysis for REI stock
Ring Energy Inc. [REI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.30. With this latest performance, REI shares dropped by -27.24% in over the last four-week period, additionally sinking by -49.56% over the last 6 months – not to mention a drop of -8.10% 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 26.70, with the RSI for the last a single of trading hit 17.92, and the three-weeks RSI is set at 32.97 for Ring Energy Inc. [REI]. The present Moving Average for the last 50 days of trading for this stock 2.86, while it was recorded at 2.42 for the last single week of trading, and 3.30 for the last 200 days.
Ring Energy Inc. [REI]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ring Energy Inc. [REI] shares currently have an operating margin of +50.87 and a Gross Margin at +72.67. Ring Energy Inc.’s Net Margin is presently recorded at +1.69.
Return on Equity for this stock inclined to 1.12, with Return on Assets sitting at 0.48.
Ring Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Ring Energy Inc. [REI]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Ring Energy Inc. [REI]
There are presently around $205 million, or 52.40% of REI stock, in the hands of institutional investors. The top three institutional holders of REI stocks are: WARBURG PINCUS LLC with ownership of 49,656,664, which is approximately New of the company’s market cap and around 9.30% of the total institutional ownership; BLACKROCK INC., holding 5,769,028 shares of the stock with an approximate value of $13.1 million in REI stocks shares; and VANGUARD GROUP INC, currently with $9.72 million in REI stock with ownership of nearly 12.555% 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 64 institutional holders increased their position in Ring Energy Inc. [AMEX:REI] by around 55,807,651 shares. Additionally, 46 investors decreased positions by around 3,729,415 shares, while 24 investors held positions by with 30,725,511 shares. The mentioned changes placed institutional holdings at 90,262,577 shares, according to the latest SEC report filing. REI stock had 23 new institutional investments in for a total of 50,972,833 shares, while 16 institutional investors sold positions of 1,111,786 shares during the same period.