The closing price of Ring Energy Inc. (AMEX: REI) was $1.72 for the day, down -10.42% from the previous closing price of $1.92. In other words, the price has decreased by -$0.2000 from its previous closing price. On the day, 4242454 shares were traded. REI stock price reached its highest trading level at $1.8500 during the session, while it also had its lowest trading level at $1.7000.
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Ratios:
Our analysis of REI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.63.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH Capital on August 01, 2022, Downgraded its rating to Neutral and sets its target price to $7.50 from $4.90 previously.
On October 14, 2021, ROTH Capital Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $4.75.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 when Kruse William R bought 507,214 shares for $2.67 per share. The transaction valued at 1,354,261 led to the insider holds 13,446,948 shares of the business.
Valuation Measures:
As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.72, and their Forward P/E ratio for the next fiscal year is 2.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.46.
Stock Price History:
Over the past 52 weeks, REI has reached a high of $5.09, while it has fallen to a 52-week low of $1.84. The 50-Day Moving Average of the stock is 2.2352, while the 200-Day Moving Average is calculated to be 2.7484.
Shares Statistics:
REI traded an average of 2.37M shares per day over the past three months and 3.29M shares per day over the past ten days. A total of 180.63M shares are outstanding, with a floating share count of 147.80M. Insiders hold about 9.30% of the company’s shares, while institutions hold 52.40% stake in the company. Shares short for REI as of Jan 30, 2023 were 20.76M with a Short Ratio of 21.61M, compared to 18.43M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.90% and a Short% of Float of 14.98%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.27 and a low estimate of $0.17, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.23, with high estimates of $0.23 and low estimates of $0.23.
Analysts are recommending an EPS of between $0.9 and $0.55 for the fiscal current year, implying an average EPS of $0.73. EPS for the following year is $0.89, with 2 analysts recommending between $1.01 and $0.77.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $109M to a low estimate of $109M. As of the current estimate, Ring Energy Inc.’s year-ago sales were $59.67M, an estimated increase of 82.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $118.33M, an increase of 73.60% less than the figure of $82.70% in the same quarter last year. There is a high estimate of $118.33M for the next quarter, whereas the lowest estimate is $118.33M.
A total of 1 analysts have provided revenue estimates for REI’s current fiscal year. The highest revenue estimate was $357M, while the lowest revenue estimate was $357M, resulting in an average revenue estimate of $357M. In the same quarter a year ago, actual revenue was $196.31M, up 81.90% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $419M in the next fiscal year. The high estimate is $419M and the low estimate is $419M. The average revenue growth estimate for next year is up 17.40% from the average revenue estimate for this year.
