Currently, there are 206.51M common shares owned by the public and among those 155.12M shares have been available to trade.
The company’s stock has a 5-day price change of 4.21% and -26.50% over the past three months. REI shares are trading -41.09% year to date (YTD), with the 12-month market performance down to -52.59% lower. It has a 12-month low price of $0.72 and touched a high of $2.06 over the same period. REI has an average intraday trading volume of 2.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.58%, -7.08%, and -38.97% respectively.
Institutional ownership of Ring Energy Inc (AMEX: REI) shares accounts for 30.20% of the company’s 206.51M shares outstanding.
It has a market capitalization of $165.47M and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 2.26, while the earnings-per-share (ttm) stands at $0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 3.40% over the month.
Earnings per share for the fiscal year are expected to decrease by -55.71%, and 80.65% over the next financial year.
Looking at the support for the REI, a number of firms have released research notes about the stock. ROTH Capital stated their Neutral rating for the stock in a research note on August 01, 2022, with the firm’s price target at $4.90-$7.50. ROTH Capital coverage for the Ring Energy Inc (REI) stock in a research note released on October 14, 2021 offered a Buy rating with a price target of $4.75. Johnson Rice on their part issued Accumulate rating on March 17, 2020.
