Keep Ring Energy, Inc. (REI) Stock From Driving You Insane
On October 18, 2019, Ring Energy, Inc. (NYSE:REI) shares lost -12.3% or -0.23 points to close at $1.64 with a thin trading volume of 1.086 million shares. It opened the trading session at $1.9, the shares rose to $1.91 and dropped to $1.64, the range by which the price of stock traded the whole day. The company now has a market cap of $107 million and currently has 65.5 million outstanding shares. Ring Energy, Inc. (REI) stock has accumulated 3.8 percent of market value in 21 trading days.
REI stock's trailing 3-year beta is 1.53, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm's profit given to each outstanding share of regular stock was $0.33 share in the trailing 52 weeks. The stock's value fallen -67.72 percent year to date (YTD) compared to a decline of -80.12 percent in 52 week's period. The firm's shares are still trading -80.36 percent below its 1-year high of $8.35 and 33.33 percent up from 52-week low of $1.23. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Ring Energy, Inc. (REI) is most likely going to rise 185.98 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $7-month high price target. This represents a whopping 326.83 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $4, which means a return possibility of 143.9 percent in comparison with the closing price of the stock of $1.64 on October 18. The lowest price set for the stock is $2.75 - just above 67.68 percent from REI share price now.
Past records have indicated that shares in Ring Energy, Inc. rose on 14 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of REI's Q4 earnings on March 11. Analysts are predicting revenue to climb 50.9 percent to $49.33M in the financial fourth quarter, while EPS will soar by about 30 percent to $0.13 per share. In the last quarter, it earnings of $0.19 per share came better than the $0.11625, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $27.6M, missing the $28.51M analysts had expected. Earnings are seen to rise by -10.3 percent this year, -5.02 percent in the coming year and the trend continues by 37 percent every year in the next 5 years.
Let's take a glimpse at some insider activity at Ring Energy, Inc. (NYSE:REI) and observe the pattern. The earliest insider trade happened on 09/13/2019. Hoffman Kelly W. gathered a total of 10 thousand shares of the firm at average share price of $1.47. The total amount for the purchase was set at $14.7 thousand. On completing this exchange, the CEO account balance was 69.55 thousand shares. The stock grew 11.56 percent from that insider purchase. On 09/11/2019, Hoffman Kelly W., CEO, did a purchase of 22 thousand shares at a price of $1.6 per share. This increased 35.2 thousand shares to the insider's fortune and the stock experienced a 2.5 percent rally in price since the news became public. This exchange saw 59.55 thousand shares get into the CEO account.
On 09/11/2019, Director Rochford Living Trust Lloyd Ti recorded a purchase transaction valued at $40 thousand. The purchase at $1.6 a share has added 25 thousand shares into the insider's portfolio position. Meanwhile, shares price witnessed 2.5 percent increase since the transaction reporting date. The company insider is left with 1.55 million shares remaining in the account. Fowler David A., who works as President at the company, performed a purchase of 20.75 thousand shares in a transaction worth $34.45 thousand. The acquisition recorded on 09/10/2019 was priced at $1.66 per share. The stock price plunged -1.2 percent since the transaction. Fowler David A. currently holds a stake of 152.9 thousand in REI stock which is worth $250.76 thousand after the insider buying.
The stock is lingering around the initial support level of $1.55. After this, the following support is at the zone of $1.46. Up until the time the REI stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock's RSI hit 52.09 on the daily chart, and this may be a cause for concern. In case the price goes below $1.46 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $1.82 level may cause a pull-back move approaching $2 mark.
Ring Energy, Inc. (REI) shares are trading at a P/E ratio of 5 times earnings posted in the trailing 12 months. The industry REI deals with has an average P/E of 10.6. Its P/B ratio is standing at 0.2X compared to the 1.1 industry average. It is additionally sporting a 0.7 on the Price-to-Sales ratio, compared to the industry's P/S average of 1.6. Ring Energy, Inc. has a 71.6% gross profit margin, with its operating margin around 17.9%. Alongside this, the company's net profit margin currently stands at 14.4%.
More News in Business
A new file as an DNS Services Market that consists of a comprehensive analysis of the global market. This includes investigating beyond development, ongoing Market scenarios, and future potentialities. Accurate statistics on the goods, techniques
The Cosmetic Implant Market report provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market - driven results deriving feasibility studies for client
The "POE Switch Market" report is a profound study conducted based on the global market, which examines the ruthless structure of the general sector worldwide. Create by employing established systematic methods
Bengaluru: A few anonymous employees of global software vendor Infosys have accused its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for many quarters. "Parekh and Roy have
Recent research and the current scenario as well as future market potential of "Global Supply Chain Big Data Analytics Market Size, Status and Forecast 2019-2025". This report analyzes the general "Supply
The " Pharyngeal Cancer Therapeutics Market" report presents and displays a vigorous vision of the global scenario in terms of market size, market potentials, and competitive environment. A new professional intelligence report published