After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Ring Energy Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
This AMEX-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $1.43 and fluctuated between $1.4850 as its day high and $1.4112 as its day low. The current market capitalization of Ring Energy Inc is $279.75M. A total of 1.38 million shares were traded on the day, compared to an average of 1.88M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 4 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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.
