Ring Energy Inc (AMEX:REI) traded at $0.91 at close of the session on Tuesday, April 22 and made an upward move of 3.24% on its previous day’s price.
Looking at the stock we see that its previous close was $0.88 and the beta (5Y monthly) reads 1.078 with the day’s price range being $0.8814 – $0.9259. The company has a trailing 12-month PE ratio of 2.70. In terms of its 52-week price range, REI has a high of $2.06 and a low of $0.78. The company’s stock has lost about -23.53% over that past 30 days.
Ring Energy Inc has a market cap of $187.94 million and is expected to release its quarterly earnings report on 2025-Mar-04.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 80.67M, with a low of 78.9M and a high of 83M. The median projection represents growth adding up to -14.63% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 355.75M, or -2.89% down from figures reported last year.
On the other hand, looking at the outlook for the REI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -7.69% off its SMA20 and -20.30% from its 50-day simple moving average. The RSI (14) is pointing at 41.55 while the volatility over the past week is 7.63% and jumps to 8.07% over the past one month. The beta value is 1.01, while the average true range (ATR) is currently pointing at 0.08. The average price target for the stock over the next 12 months is $2.5, with the estimates having a low of $2.5 and a high of $2.5. These price ends are -174.73% and -174.73% off the current price level respectively, although investors could be excited at the prospect of a -174.73% if the REI share price touches on the median price of $2.5.
Coming back to Ring Energy Inc (AMEX:REI), we note that the average 3-month trading volume was 1.94 million, while that of the preceding 10-day period stands at 2.44 million. Current shares outstanding are 198.56 million.
The insiders hold 26.81% of the company’s shares while institutions hold 31.73%. The data shows that short shares as of 2025-03-31, stood at 12.09 million at a short ratio of 5.94. This represents a 778.00 short interest in shares outstanding on 2025-03-31. Shares short rose in March from the previous month at 11.89 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -33.09% down in year-to-date price movement.
