Analyzing Ring Energy Inc. (REI)’s financial ratios for investment purposes

In other words, the price has increased by $0.0000 from its previous closing price. On the day, 1315806 shares were traded. REI stock price reached its highest trading level at $1.9800 during the session, while it also had its lowest trading level at $1.8950.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.



To gain a deeper understanding of REI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 221.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.05. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.60.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 12 when McKinney Paul D. bought 25,000 shares for $1.70 per share. The transaction valued at 42,500 led to the insider holds 1,345,192 shares of the business.

HARRIS RICHARD E sold 77,400 shares of REI for $136,147 on Mar 20. The Director now owns 227,694 shares after completing the transaction at $1.76 per share. On Mar 16, another insider, McKinney Paul D., who serves as the CEO and Chairman of the Board of the company, bought 50,000 shares for $1.78 each. As a result, the insider paid 89,000 and bolstered with 1,320,192 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REI now has a Market Capitalization of 372.72M and an Enterprise Value of 788.14M. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.80, and their Forward P/E ratio for the next fiscal year is 3.00. 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 1.03 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 2.15 whereas that against EBITDA is 2.90.

Stock Price History:

Over the past 52 weeks, REI has reached a high of $4.89, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 1.8518, while the 200-Day Moving Average is calculated to be 2.4155.

Shares Statistics:

It appears that REI traded 2.47M shares on average per day over the past three months and 1.75M shares per day over the past ten days. A total of 177.98M 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 May 14, 2023 were 15.49M with a Short Ratio of 16.38M, compared to 20.34M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.94% and a Short% of Float of 11.63%.

Earnings Estimates

As of right now, REIT analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $183.39, with high estimates of $67.88 and low estimates of $4.74.

Analysts are recommending an EPS of between $Real Estate and $Real Estate for the fiscal current year, implying an average EPS of $Real Estate. EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $Stocks.