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Ring Energy Inc. (REI)

1.22   0.04 (3.39%) 07-02 16:00
Open: 1.18 Pre. Close: 1.18
High: 1.25 Low: 1.16
Volume: 912,458 Market Cap: 83M
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: 1.232 - 1.237 1.237 - 1.242
Low: 1.148 - 1.153 1.153 - 1.158
Close: 1.212 - 1.22 1.22 - 1.23

Technical analysis

as of: 2020-07-02 4:33:52 PM
Overall:       
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 1.96     One year: 2.41
Support: Support1: 1.06    Support2: 0.88
Resistance: Resistance1: 1.68    Resistance2: 2.06
Pivot: 1.31
Moving Average: MA(5): 1.17     MA(20): 1.40
MA(100): 1.06     MA(250): 1.68
MACD: MACD(12,26):     Signal(9): 0.05
Stochastic oscillator: %K(14,3): 18.60     %D(3): 13.39
RSI: RSI(14): 48.59
52-week: High: 3.44  Low: 0.52  Change(%): -63.3
Average Vol(K): 3-Month: 164236  10-Days: 193560

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
REI has closed above bottom band by 32.6%. Bollinger Bands are 20.2% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Wed, 01 Jul 2020
Why Ring Energy, Inc. (REI) Is 'Ahead Of Itself ' - The News Heater

Tue, 30 Jun 2020
Ring Energy Inc. (REI) Soars 3.57% on June 30 - Equities.com

Fri, 19 Jun 2020
Ring Energy Inc. (REI) Soars 3.65% on June 19 - Equities.com

Wed, 17 Jun 2020
Ring Energy, Inc., Announces Completion of Spring 2020 Redetermination of Its Senior Credit Facility - Business Wire

Fri, 12 Jun 2020
How Does Ring Energy Inc (REI) Stock Rank Against the Competition? - InvestorsObserver

Fri, 12 Jun 2020
Ring Energy Inc. (REI) Soars 5.59% on June 12 - Equities.com

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.
Click here to get more fundamental analysis.
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Stock Basics & Statistics

Exchange:  NYSE American
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. (M) 68
Shares Float (M) 56
% Held by Insiders 17.77
% Held by Institutions 63.36
Shares Short (K) 12,320
Shares Short P. Month (K) 14,390

Stock Financials

EPS 1.010
EPS Est This Year 0.180
EPS Est Next Year 0.520
Book Value (p.s.) 8.350
Profit Margin 37.40
Operating Margin 58.71
Return on Assets (ttm) 7.0
Return on Equity (ttm) 13.2
Qtrly Rev. Growth -5.1
Gross Profit (p.s.) 2.115
Sales Per Share 2.715
EBITDA (p.s.) 2.446
Qtrly Earnings Growth 926.00
Operating Cash Flow (M) 124
Levered Free Cash Flow (M) -78

Stock Valuations

PE Ratio 1.21
PEG Ratio
Price to Book value 0.15
Price to Sales 0.45
Price to Cash Flow 0.67

Stock Dividends

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