Ring Energy Inc [REI] stock prices are down -3.33% to $1.74 at the moment. 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 8.75% over the last week, with a monthly amount glided 7.41%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
The stock price of Ring Energy Inc [REI] has been fluctuating between $1.25 and $2.20 over the past year. Ring Energy Inc [AMEX: REI] shares were valued at $1.74 at the most recent close of the market.
Analyzing the REI fundamentals
The Ring Energy Inc [AMEX:REI] reported sales of 387.27M for trailing twelve months, representing a surge of 24.94%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
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 1.7167 points at the first support level, and at 1.6933 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7867, and for the 2nd resistance point, it is at 1.8333.
Ratios To Look Out For
It’s worth pointing out that Ring Energy Inc [AMEX:REI]’s Current Ratio is 0.50. As well, the Quick Ratio is 0.45, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 0.42 and price to earnings (TTM) ratio is 4.86.
Transactions by insiders
Recent insider trading involved Warburg Pincus & Co US, LLC, 10% Owner, that happened on Sep 18 ’24 when 6.2 million shares were sold. 10% Owner, Warburg Pincus (E&P) XII LLC completed a deal on Sep 18 ’24 to sell 6.2 million shares. Meanwhile, Affiliate WARBURG PINCUS LLC bought 6.2 million shares on Sep 18 ’24.
