After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Ring Energy Announces Production Results and Continued Debt Reduction for Fourth Quarter 2023 and Partial Guidance for the First Quarter 2024.
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Stocks Info
REI belongs to the Energy sector of the AMEX while operating in the Oil & Gas E&P industry. The current market capitalization of Ring Energy Inc is $269.97M. A total of 1.07 million shares were traded on the day, compared to an average of 1.91M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, REI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 18 SELLs from insiders. Insiders purchased 225,000 shares during that period but sold 40,670,325.
In the most recent transaction, CRUM JOHN A bought 50,000 shares of REI for 1.67 per share on Dec 01. After the transaction, the Director now owns 355,094 company shares. In a previous transaction on Nov 15, McKinney Paul D. bought 50,000 shares at 1.64 per share. REI shares that CEO and Chairman of the Board owns now total 1,318,231.
Among the insiders who bought shares, Petrelli Anthony Benedict acquired of 50,000 shares on Sep 12 at a per-share price of $1.92. This resulted in the Director holding 611,294 shares of REI after the transaction. In another insider transaction, Warburg Pincus (E&P) XII LLC sold 12,600,000 shares at $2.06 per share on Aug 09. Company shares held by the 10% Owner now total 46,994,853.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for REI in the last 3 months, the mean price target is $3.25 with high estimates of $3.50 and low estimates of $3.00. In terms of 52-week highs and lows, REI has a high of $2.43 and a low of $1.25.
As of this writing, REI has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.1. The company reported an EPS of $0.14 in the last quarter, which was 27.30% higher than expectations of $0.11.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. REI’s latest balance sheet shows that the firm has $2.41M in Cash & Short Term Investments as of fiscal 2021. There were $292.68M in debt and $76.67M in liabilities at the time. Its Book Value Per Share was $3.75, while its Total Shareholder’s Equity was $300.62M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for REI is Buy with a score of 3.00.
