Ring Energy Inc (AMEX: REI) has experienced a decline in its stock price by -6.09 compared to its previous closing price of 1.97. However, the company has seen a fall of -2.63% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that Ring Energy (REI) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.14 per share a year ago.
Is It Worth Investing in Ring Energy Inc (AMEX: REI) Right Now?
The price-to-earnings ratio for Ring Energy Inc (AMEX: REI) is above average at 3.44x, Company’s 36-month beta value is 1.69.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for REI is 173.64M, and currently, short sellers hold a 7.89% ratio of that floaft. The average trading volume of REI on May 07, 2024 was 1.76M shares.
REI’s Market Performance
REI’s stock has seen a -2.63% decrease for the week, with a -10.63% drop in the past month and a 41.22% gain in the past quarter. The volatility ratio for the week is 4.05%, and the volatility levels for the past 30 days are at 4.09% for Ring Energy Inc The simple moving average for the past 20 days is -7.48% for REI’s stock, with a 6.51% simple moving average for the past 200 days.
Analysts’ Opinion of REI
Many brokerage firms have already submitted their reports for REI stocks, with ROTH Capital repeating the rating for REI by listing it as a “Neutral.” The predicted price for REI in the upcoming period, according to ROTH Capital is $7.50 based on the research report published on August 01, 2022 of the previous year 2022.
ROTH Capital, on the other hand, stated in their research note that they expect to see REI reach a price target of $4.75. The rating they have provided for REI stocks is “Buy” according to the report published on October 14th, 2021.
REI Trading at 0.28% from the 50-Day Moving Average
After a stumble in the market that brought REI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.87% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 4.05%, as shares sank -10.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.66% upper at present.
During the last 5 trading sessions, REI fell by -2.89%, which changed the moving average for the period of 200-days by -14.58% in comparison to the 20-day moving average, which settled at $1.9892. In addition, Ring Energy Inc saw 26.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REI starting from CRUM JOHN A, who purchase 50,000 shares at the price of $1.67 back on Dec 01 ’23. After this action, CRUM JOHN A now owns 355,094 shares of Ring Energy Inc, valued at $83,700 using the latest closing price.
McKinney Paul D., the CEO and Chairman of the Board of Ring Energy Inc, purchase 50,000 shares at $1.64 during a trade that took place back on Nov 15 ’23, which means that McKinney Paul D. is holding 1,318,231 shares at $82,000 based on the most recent closing price.
Stock Fundamentals for REI
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.8 for the gross margin
The net margin for Ring Energy Inc stands at 0.21. The total capital return value is set at 0.12. Equity return is now at value 14.49, with 7.46 for asset returns.
Based on Ring Energy Inc (REI), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is -203.5.
Currently, EBITDA for the company is 235.82 million with net debt to EBITDA at 3.06. When we switch over and look at the enterprise to sales, we see a ratio of 2.15. The receivables turnover for the company is 7.95for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.
Conclusion
In a nutshell, Ring Energy Inc (REI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
