After Hours
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. Most recently, Yahoo Finance reported about the stock as it publicized that Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance.
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Stocks Info
The company is listed on the AMEX and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $1.61 and fluctuated between $1.6300 as its day high and $1.4900 as its day low. The current market capitalization of Ring Energy Inc is $318.67M. A total of 2.97 million shares were traded on the day, compared to an average of 1.91M shares.
In the most recent transaction, CRUM JOHN A bought 50,000 shares of REI for 1.67 per share on Dec 01 ’23. After the transaction, the Director now owns 355,094 company shares. In a previous transaction on Nov 15 ’23, 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 ’23 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 & Co US, LLC sold 12,600,000 shares at $2.06 per share on Aug 09 ’23. Company shares held by the 10% Owner now total 46,994,853.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 $0.11 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.07. The company reported an EPS of $0.13 in the last quarter, which was 8.30% higher than expectations of $0.12.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $4.00, while its Total Shareholder’s Equity was $300.62M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
