At the time of writing, Ring Energy Inc [REI] stock is trading at $2.08, down -1.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The REI shares have gain 1.96% over the last week, with a monthly amount glided 22.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ring Energy Inc [AMEX: REI] stock has seen the most recent analyst activity on August 01, 2022, when ROTH Capital downgraded its rating to a Neutral and also boosted its price target to $7.50 from $4.90. Previously, ROTH Capital upgraded its rating to Buy on October 14, 2021, and kept the price target unchanged to $4.75. Alliance Global Partners downgraded its rating to a Neutral. Johnson Rice downgraded its rating to a Accumulate. SunTrust downgraded its rating to Hold for this stock on March 09, 2020, but kept the price target unchanged to $1. In a note dated August 26, 2019, Ladenburg Thalmann downgraded an Neutral rating on this stock and revised its target price from $5 to $3.
For the past year, the stock price of Ring Energy Inc fluctuated between $1.25 and $2.43. Ring Energy Inc [AMEX: REI] shares were valued at $2.08 at the most recent close of the market.
Analyzing the REI fundamentals
According to Ring Energy Inc [AMEX:REI], the company’s sales were 361.06M for trailing twelve months, which represents an 0.25% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.02 points at the first support level, and at 1.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.17, and for the 2nd resistance point, it is at 2.25.
Ratios To Look Out For
It is important to note that Ring Energy Inc [AMEX:REI] has a current ratio of 0.49. As well, the Quick Ratio is 0.44, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 0.52 and price to earnings (TTM) ratio is 3.87.
Transactions by insiders
Recent insider trading involved CRUM JOHN A, Director, that happened on Dec 01 ’23 when 50000.0 shares were purchased. CEO and Chairman of the Board, McKinney Paul D. completed a deal on Nov 15 ’23 to buy 50000.0 shares. Meanwhile, Director Petrelli Anthony Benedict bought 50000.0 shares on Sep 12 ’23.
