Ring Energy Inc (AMEX:REI) traded at $1.83 at last check on Monday, March 18, made a downward move of -2.41% on its previous day’s price.
Looking at the stock we see that its previous close was $1.87 and the beta (5Y monthly) reads 1.73. The company has a trailing 12-month PE ratio of 3.39. In terms of its 52-week price range, REI has a high of $2.43 and a low of $1.25. The company’s stock has gained about 30.36% over that past 30 days.
Ring Energy Inc has a market cap of $361.22 million and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.1, with the EPS growth for the year raised at $0.43 for 2024 and $0.47 for next year. These figures represent -15.70% and 9.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $87.68 million, with a low of $83.2 million and a high of $92 million. The median projection represents growth adding up to -0.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $364.37 million, or 0.90% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the REI stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the REI stock currently stands at 0.09, and the most recent price level today is 21.71% off its SMA20 and 29.05% from its 50-day simple moving average. The RSI (14) is pointing at 73.22 while the volatility over the past week is 7.01% and jumps to 5.24% over the past one month. The beta value is 1.72, while the average true range (ATR) is currently pointing at 0.08.
The insiders hold 36.96% of the company’s shares while institutions hold 24.18%. The data shows that short shares as of Feb 29, 2024, stood at 13.18 million at a short ratio of 8.84. This represents a 6.70% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 14.33 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 25.00% up in year-to-date price movement.
