The price of Ring Energy Inc (AMEX: REI) closed at $2.05 in the last session, down -0.97% from day before closing price of $2.07. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 1208869 shares were traded.
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 1352.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.49. In the meantime, Its Debt-to-Equity ratio is 0.55 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 405.77M and an Enterprise Value of 835.49M. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.81, and their Forward P/E ratio for the next fiscal year is 4.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 2.31 whereas that against EBITDA is 3.52.
Stock Price History:
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 1.6004, while the 200-Day Moving Average is calculated to be 1.7264.
Shares Statistics:
According to the various share statistics, REI traded on average about 1.89M shares per day over the past 3-months and 1.93M shares per day over the past 10 days. A total of 196.84M shares are outstanding, with a floating share count of 124.77M. Insiders hold about 36.96% of the company’s shares, while institutions hold 24.18% stake in the company. Shares short for REI as of Mar 15, 2024 were 13.34M with a Short Ratio of 7.04, compared to 13.95M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.74% and a Short% of Float of 9.81%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.06, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.11, with high estimates of $0.14 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.59 and $0.28 for the fiscal current year, implying an average EPS of $0.44. EPS for the following year is $0.49, with 3 analysts recommending between $0.62 and $0.31.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $88.01M. It ranges from a high estimate of $92M to a low estimate of $83.2M. As of the current estimate, Ring Energy Inc’s year-ago sales were $88.08M, an estimated decrease of -0.10% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for REI’s current fiscal year. The highest revenue estimate was $381M, while the lowest revenue estimate was $343.5M, resulting in an average revenue estimate of $368.52M. In the same quarter a year ago, actual revenue was $361.06M, up 2.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $381.17M in the next fiscal year. The high estimate is $403M and the low estimate is $341.5M. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.
