Why Today Is the Best Time to Buy Ring Energy Inc. [REI] Stock at $0.71

Ring Energy Inc. [REI] shares are down more than -65.26% this year and recently increased 0.06% or $0.04 to settle at $0.71. Analysts expect REI to grow earnings at a 37.00% annual rate over the next 5 years. REI has a short ratio of 7.83. This implies that the market is currently less bullish on the outlook for REI.

On 3, December 2020, Ring Energy, Inc. Initiates Year End Drilling Program. According to news published on Yahoo Finance, Company Increases Hedging Position for 2021.

Analyst Birdseye View:

The most recent analyst activity for Ring Energy Inc. [AMEX:REI] stock was on March 17, 2020, when it was Downgrade with a Accumulate rating from Johnson Rice. On March 09, 2020, SunTrust Downgrade a Hold rating and boosted its price target on this stock to $1. On August 26, 2019, Ladenburg Thalmann Downgrade a Neutral rating and decreased its price target from $5 to $3. On August 22, 2019, Imperial Capital Reiterated an Outperform rating and decreased its price target to $4. On May 28, 2019, Johnson Rice Initiated a Buy rating. On December 20, 2018, CapitalOne Downgrade an Equal weight rating. On October 04, 2018 Imperial Capital Reiterated an Outperform rating and elevated its amount target to $15.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.43 and a peak of $3.31. Right now, according to Wall Street analyst the average 12-month amount target is $1.33. At the most recent market close, shares of Ring Energy Inc. [AMEX:REI] were valued at $0.71. According to the average price forecast, investors can expect a potential return of 13.04%.

FUNDAMENTAL ANALYSIS

Ring Energy Inc. [AMEX:REI] most recently reported quarterly sales of 31.47 billion, which represented growth of -37.40%. This publicly-traded organization’s revenue is $3,374,187 per employee, while its income is $508,561 per employee. This company’s Gross Margin is currently 68.10%, its Operating Margin is -91.40%, its Pretax Margin is +22.12, and its Net Margin is +15.07. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.63, 5.98, 9.21 and 4.23 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 41.35 and the whole liability to whole assets at 36.07. It shows enduring liability to the whole principal at 41.19 and enduring liability to assets at 0.36 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.6448 points at 1st support level, the second support level is making up to 0.6227. But as of 1st resistance point, this stock is sitting at 0.6843 and at 0.7017 for 2nd resistance point.

Ring Energy Inc. [REI] reported its earnings at $0.05 per share in the fiscal quarter closing of 9/29/2020. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.4 calling estimates for -$0.01/share with the difference of 0.41 depicting the surprise of 4,100.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ring Energy Inc. [AMEX:REI] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.17. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.90 and it’s amount to book ratio is 0.34.

Insider Stories

The most recent insider trade was by Hoffman Kelly W., Former CEO & Director, and it was the purchase of 40000.0 shares on Nov 10. Rochford Living Trust Lloyd Ti, the Prior Director, completed a purchase of 0.14 million shares on Oct 29. On Oct 29, McKinney Paul D., CEO and Chairman of the Board, completed a purchase of 35700.0 shares.