The closing price of Ring Energy Inc (AMEX: REI) was $2.07 for the day, up 0.49% from the previous closing price of $2.06. On the day, 1311884 shares were traded.
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 1365.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.54. 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:
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 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:
As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.85, and their Forward P/E ratio for the next fiscal year is 4.25. 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 1.13 while its Price-to-Book (P/B) ratio in mrq is 0.52.
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.
Shares Statistics:
A total of 196.84M shares are outstanding, with a floating share count of 125.62M. Insiders hold about 36.53% of the company’s shares, while institutions hold 24.21% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by REIT analysts. The consensus estimate for the next quarter is $172.21, with high estimates of $0.19 and low estimates of $40.09.
