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.
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Stocks Info
This AMEX-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Ring Energy Inc is $407.74M. A total of 1.48 million shares were traded on the day, compared to an average of 1.88M 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.
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 $Goldman Sachs Future Real Estat per share for the current quarter. EPS was calculated based on a consensus of REIT estimates, with a high estimate of $ARMOUR Residential REIT, Inc. per share and a lower estimate of $American Tower Corporation (REI.
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 $4.00, 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.
