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Ring Energy Inc (REI)

2.62   0.11 (4.38%) 07-29 05:45
Open: 2.57 Pre. Close: 2.51
High: 2.66 Low: 2.5
Volume: 957,713 Market Cap: 260M
Ring Energy, Inc., an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas and New Mexico. As of December 31, 2019, the company's proved reserves consisted of approximately 81.1 million barrel of oil equivalent. It also had interests in 18,372 net developed acres and 47,427 net undeveloped acres in Andrews and Gaines counties, Texas; 19,138 net developed acres and 860 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 28,514 net undeveloped acres in Gaines, Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. It 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 founded in 2004 and is headquartered in Midland, Texas.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.662 - 2.681 2.681 - 2.696
Low: 2.476 - 2.495 2.495 - 2.51
Close: 2.594 - 2.625 2.625 - 2.648

Technical analysis

as of: 2021-07-28 4:46:46 PM
Overall:       
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 3.44     One year: 3.88
Support: Support1: 2.35    Support2: 1.96
Resistance: Resistance1: 2.95    Resistance2: 3.32
Pivot: 2.66
Moving Average: MA(5): 2.58     MA(20): 2.74
MA(100): 2.52     MA(250): 1.60
MACD: MACD(12,26): -0.06     Signal(9): -0.03
Stochastic oscillator: %K(14,3): 34.05     %D(3): 27.74
RSI: RSI(14): 47.42
52-week: High: 3.36  Low: 0.43  Change(%): 138.2
Average Vol(K): 3-Month: 254321  10-Days: 186954

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
REI has closed above bottom band by 42.9%. Bollinger Bands are 23.5% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Wed, 28 Jul 2021
Ring Energy (REI) gains 4.38% to Close at $2.62 on July 28 - Equities.com

Wed, 28 Jul 2021
Ring Energy Inc (REI) falls 3.83% for July 27 - Equities.com

Tue, 27 Jul 2021
Why Invest In Ring Energy Inc. (REI) Stock? - Marketing Sentinel

Mon, 26 Jul 2021
More Growth To Come As Mereo BioPharma Group plc (MREO) and Ring Energy Inc. (REI) Gains In Popularity - BOV News

Fri, 23 Jul 2021
Is Ring Energy Inc. (AMEX: REI) On Track To Post A -30.83% Or More Growth? - Marketing Sentinel

Wed, 21 Jul 2021
Where Does Ring Energy Inc (REI) Stock Fall in the Oil & Gas E&P Field After It Is Down -0.36% This Week? - InvestorsObserver

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Underperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. (M) 68
Shares Float (M) 52
% Held by Insiders 17.77
% Held by Institutions 63.36
Shares Short (K) 10,320
Shares Short P. Month (K) 11,690

Stock Financials

EPS -1.142
EPS Est This Year 0.180
EPS Est Next Year 0.520
Book Value (p.s.) 6.390
Profit Margin -53.01
Operating Margin 45.70
Return on Assets (ttm) 4.6
Return on Equity (ttm) -16.3
Qtrly Rev. Growth -79.1
Gross Profit (p.s.) 2.115
Sales Per Share 2.145
EBITDA (p.s.) 1.725
Qtrly Earnings Growth
Operating Cash Flow (M) 101
Levered Free Cash Flow (M) 206

Stock Valuations

PE Ratio -2.29
PEG Ratio
Price to Book value 0.41
Price to Sales 1.22
Price to Cash Flow 1.76

Stock Dividends

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