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Ring Energy, Inc. (REI)
2  0.01 (0.5%)    04-26 16:00
Open: 2.01
High: 2.02
Volume: 1,133,258
  
Pre. Close: 1.99
Low: 1.96
Market Cap: 396(M)
Technical analysis
2024-04-26 4:44:33 PM
Short term     
Mid term     
Targets 6-month :  2.41 1-year :  2.56
Resists First :  2.06 Second :  2.2
Pivot price 2.03
Supports First :  1.85 Second :  1.53
MAs MA(5) :  2 MA(20) :  2.03
MA(100) :  1.6 MA(250) :  1.75
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  22.4 D(3) :  25.9
RSI RSI(14): 54.8
52-week High :  2.43 Low :  1.25
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ REI ] has closed above bottom band by 29.4%. Bollinger Bands are 38.5% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 2.02 - 2.02 2.02 - 2.03
Low: 1.94 - 1.95 1.95 - 1.96
Close: 1.98 - 2 2 - 2.01
Company Description

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.

Headline News

Thu, 25 Apr 2024
Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference Call - GlobeNewswire

Wed, 24 Apr 2024
Ring Energy (REI) to Report Q1 Results: What Awaits? - Yahoo Finance

Tue, 23 Apr 2024
Ring Energy (REI) to Acquire Permian Basin Assets for $75M - Yahoo Movies UK

Tue, 02 Apr 2024
Ring Energy: The Transition Continues (NYSE:REI) - Seeking Alpha

Tue, 02 Apr 2024
Ring Energy Stock: Reviewing Its Outlook For 2024 (NYSE:REI) - Seeking Alpha

Fri, 15 Mar 2024
Is Ring Energy Inc (REI) Stock at the Top of the Oil & Gas E&P Industry? - InvestorsObserver

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
AMEX
Sector:
Energy
Industry:
Oil & Gas Exploration & Production
Shares Out 196 (M)
Shares Float 122 (M)
Held by Insiders 10 (%)
Held by Institutions 47.6 (%)
Shares Short 13,790 (K)
Shares Short P.Month 14,400 (K)
Stock Financials
EPS 0.27
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 3.75
Profit Margin 19.9 %
Operating Margin 0.3 %
Return on Assets (ttm) 5 %
Return on Equity (ttm) 9.9 %
Qtrly Rev. Growth -1 %
Gross Profit (p.s.) 1.44
Sales Per Share 1.75
EBITDA (p.s.) 0.97
Qtrly Earnings Growth 0 %
Operating Cash Flow 206 (M)
Levered Free Cash Flow 9 (M)
Stock Valuations
PE Ratio 7.4
PEG Ratio 0
Price to Book value 0.53
Price to Sales 1.14
Price to Cash Flow 1.89
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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