At the last check on Thursday, Ring Energy Inc.’s (AMEX:REI) stock was up $0.04, moving up 2.14 percent to $1.91. The average number of shares traded per day over the past five days has been 1,404,451 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0950 gain in that time frame. In the last twenty days, the average volume was 2,415,293, while in the previous 50 days, it was 2,436,145.
Since last month, REI stock retreated -13.96%. Shares of the company fell to $1.7700 on 08/23/23, the lowest level in the past month. A 52-week high of $3.46 was reached on 01/23/23 after having rallying from a 52-week low of $1.62. Since the beginning of this year, REI’s stock price has dropped by -22.36% or -$0.5650, and marked a new high 3 times. However, the stock has declined by -44.88% since its 52-week high.
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REI stock investors should be aware that Ring Energy Inc. (REI) stock had its last reported insider trading activity 22 days ago on Aug 09. Warburg Pincus (E&P) XII LLC, the 10% Owner of the company, disposed of 12,600,000 shares for $2.06 on Aug 09. It resulted in a $25,956,000 divestment by the insider. Warburg Pincus & Co US, LLC sold 12,600,000 shares at an average price of $2.06 on Aug 09. The insider now owns 46,994,853 shares following the transaction. On Aug 09, 10% Owner STRONGHOLD ENERGY II OPERATING sold 12,600,000 shares at $2.06 apiece. The transaction was valued at $25,956,000.
Valuation Metrics
Right now, Ring Energy Inc. (REI) has a P/E ratio of about 2.12. The stock’s beta is 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 0.50, and the price-to-cash flow ratio of 5.61 may also be considered.
Financial Health
In the three months ended June 29, Ring Energy Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.54, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 93.30% percent. In the year ended June 29, EBITDA margin amounted to 72.16%, whereas operating margins totaled 45.50%. Based on annual data, REI earned $191.74 million in gross profit and brought in $347.25 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.00%. Return on equity (ROE) for the past 12 months was 23.20%.
In Ring Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $397.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. REI’s revenue fell -7.07% to $88.08 million during the quarter, while net income inched up to $79.35 million. While analysts expected Ring Energy Inc. to report $0.1 quarterly earnings, the actual figure was $0.14 per share. During the quarter, the company generated $51.67 million in EBITDA. The liabilities of Ring Energy Inc. were 543.17 million at the end of its most recent quarter ended June 29, and its total debt was $401.6 million. The value of shareholders’ equity is $195.36 million.
Technical Picture
This quick technical analysis looks at Ring Energy Inc.’s (REI) price momentum. With a historical volatility rate of 31.54%, the RSI 9-day stood at 44.51% on 30 August.
With respect to its five-day moving average, the current Ring Energy Inc. price is up by +5.28% percent or $0.0950. At present, REI shares trade -16.15% below its 20-day simple moving average and -11.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately +4.12% above its SMA50 and -40.78% below its SMA200.
Stochastic coefficient K was 44.13% and Stochastic coefficient D was 32.61%, while ATR was 0.0870. Given the Stochastic reading of 56.82% for the 14-day period, the RSI (14) reading has been calculated as 43.91%. As of today, the MACD Oscillator reading stands at 0.0133.
Analyst Ratings
Ring Energy Inc. downgraded its rating on Ring Energy Inc. (AMEX: REI) to a Neutral in a note to investors on August 01, 2022. The analysts firm previously had a Buy rating on the stock.Ring Energy Inc. (REI) has been rated Overweight by analysts. According to 0 brokerage firms, REI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ring Energy Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.50, the current consensus forecast for the stock is $3.50 – $3.50. Based on these forecasts, analysts predict Ring Energy Inc. (REI) will achieve an average price target of $3.50.
