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Ring Energy, Inc. (REI)

2.91   -0.06 (-2.02%) 06-26 23:14
Open: 3.03 Pre. Close: 2.97
High: 3.12 Low: 2.89
Volume: 11,818,852 Market Cap: 310(M)
Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 3.13 - 3.15 3.15 - 3.16
Low: 2.85 - 2.87 2.87 - 2.89
Close: 2.88 - 2.91 2.91 - 2.94

Technical analysis

as of: 2022-06-24 4:42:46 PM
Overall:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 4.8     One year: 5.71
Support: Support1: 2.85    Support2: 2.37
Resistance: Resistance1: 4.11    Resistance2: 4.88
Pivot: 3.95
Moving Average: MA(5): 3.23     MA(20): 4.11
MA(100): 3.84     MA(250): 3.21
MACD: MACD(12,26): -0.4     Signal(9): -0.2
Stochastic oscillator: %K(14,3): 3.5     %D(3): 3.9
RSI: RSI(14): 23.5
52-week: High: 5.09  Low: 1.8
Average Vol(K): 3-Month: 2,977 (K)  10-Days: 3,851 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ REI ] has closed above bottom band by 7.4%. Bollinger Bands are 165.7% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 5 days. This is a sign that the current trend might continue.

Headline News

Sun, 26 Jun 2022
Comme des Garçons Shirt Spring 2023 Menswear Collection - Vogue

Sat, 25 Jun 2022
REI honored at momentum conference | Business | westvalleyview.com - westvalleyview.com

Fri, 24 Jun 2022
REI Berkeley Employees File Petition to Unionize - Outside Business Journal

Fri, 24 Jun 2022
5 of the Best Deals from the REI Fourth of July Sale - The Trek

Wed, 22 Jun 2022
REI's Generation E Is an Affordable E-Bike for All - Field Mag

Tue, 21 Jun 2022
Washington Post Names REI Systems as a Top Workplace for the Sixth Time - PR Newswire

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. 100 (M)
Shares Float 71 (M)
% Held by Insiders 29.8 (%)
% Held by Institutions 25.1 (%)
Shares Short 11,510 (K)
Shares Short P.Month 12,330 (K)

Stock Financials

EPS -1.89
EPS Est Next Qtl 0.05
EPS Est This Year 0.18
EPS Est Next Year 0.51
Book Value (p.s.) 2.76
Profit Margin (%) -113.1
Operating Margin (%) -12.6
Return on Assets (ttm) -1.7
Return on Equity (ttm) -51.2
Qtrly Rev. Growth 56.9
Gross Profit (p.s.) 0.76
Sales Per Share 1.6
EBITDA (p.s.) 0.18
Qtrly Earnings Growth 0
Operating Cash Flow 77 (M)
Levered Free Cash Flow 37 (M)

Stock Valuations

PE Ratio -1.55
PEG Ratio 0.2
Price to Book value 1.05
Price to Sales 1.8
Price to Cash Flow 3.77

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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