After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Ring Energy Announces Participation in Water Tower Research Fireside Chat Event on March 26, 2024.
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Stocks Info
Ring Energy Inc is listed on the AMEX in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of Ring Energy Inc is $413.67M. A total of 2.99 million shares were traded on the day, compared to an average of 1.89M 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable 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 $0.1 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.06. 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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
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. 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.
