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The price of Ring Energy Inc (AMEX: REI) closed at $1.77 in the last session, up 1.14% from day before closing price of $1.75. In other words, the price has increased by $1.14 from its previous closing price. On the day, 0.93 million shares were traded. REI stock price reached its highest trading level at $1.78 during the session, while it also had its lowest trading level at $1.74.
Ratios:
We take a closer look at REI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 253.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.35. For the most recent quarter (mrq), Quick Ratio is recorded 0.45 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.54.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 01 ’23 when CRUM JOHN A bought 50,000 shares for $1.67 per share. The transaction valued at 83,700 led to the insider holds 355,094 shares of the business.
McKinney Paul D. bought 50,000 shares of REI for $82,000 on Nov 15 ’23. The CEO and Chairman of the Board now owns 1,318,231 shares after completing the transaction at $1.64 per share. On Sep 12 ’23, another insider, Petrelli Anthony Benedict, who serves as the Director of the company, bought 50,000 shares for $1.92 each. As a result, the insider paid 95,980 and bolstered with 611,294 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 350348480 and an Enterprise Value of 775344064. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.50, and their Forward P/E ratio for the next fiscal year is 3.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 2.22 whereas that against EBITDA is 3.614.
Stock Price History:
The Beta on a monthly basis for REI is 1.67, which has changed by 0.04117644 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, REI has reached a high of $2.43, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is -5.57%, while the 200-Day Moving Average is calculated to be 2.51%.
Shares Statistics:
According to the various share statistics, REI traded on average about 1.77M shares per day over the past 3-months and 1501990 shares per day over the past 10 days. A total of 196.84M shares are outstanding, with a floating share count of 173.64M. Insiders hold about 12.28% of the company’s shares, while institutions hold 24.67% stake in the company. Shares short for REI as of 1714435200 were 13794555 with a Short Ratio of 7.77, compared to 1711584000 on 13615344. Therefore, it implies a Short% of Shares Outstanding of 13794555 and a Short% of Float of 9.4.
Earnings Estimates
Its stock is currently analyzed by 4.0 different market analysts. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.09, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.11, with high estimates of $0.12 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.48 and $0.37 for the fiscal current year, implying an average EPS of $0.44. EPS for the following year is $0.47, with 3.0 analysts recommending between $0.53 and $0.34.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $94.89M. There is a high estimate of $99M for the next quarter, whereas the lowest estimate is $90.96M.
A total of 4 analysts have provided revenue estimates for REI’s current fiscal year. The highest revenue estimate was $388M, while the lowest revenue estimate was $366.81M, resulting in an average revenue estimate of $377.38M. In the same quarter a year ago, actual revenue was $361.06MBased on 3 analysts’ estimates, the company’s revenue will be $383.17M in the next fiscal year. The high estimate is $400M and the low estimate is $350.5M.
