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Ring Energy, Inc is an oil & gas e&p business based in the US. Ring Energy shares (REI) are listed on the NYSE MKT and all prices are listed in US Dollars. Ring Energy employs 58 staff and has a trailing 12-month revenue of around USD$127.8 million.
|52-week range||USD$0.4301 - USD$2.85|
|50-day moving average||USD$1.6239|
|200-day moving average||USD$0.933|
|Wall St. target price||USD$1.75|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$1.01|
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Valuing Ring Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ring Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Ring Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Ring Energy shares trade at around 1x recent earnings.
Ring Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.82. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Ring Energy's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Ring Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$99.8 million.
The EBITDA is a measure of a Ring Energy's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$127.8 million|
|Operating margin TTM||41.02%|
|Gross profit TTM||USD$143.8 million|
|Return on assets TTM||3.64%|
|Return on equity TTM||-18.37%|
|Market capitalisation||USD$176.4 million|
TTM: trailing 12 months
There are currently 11.5 million Ring Energy shares held short by investors – that's known as Ring Energy's "short interest". This figure is 26.3% up from 9.1 million last month.
There are a few different ways that this level of interest in shorting Ring Energy shares can be evaluated.
Ring Energy's "short interest ratio" (SIR) is the quantity of Ring Energy shares currently shorted divided by the average quantity of Ring Energy shares traded daily (recently around 7.7 million). Ring Energy's SIR currently stands at 1.49. In other words for every 100,000 Ring Energy shares traded daily on the market, roughly 1490 shares are currently held short.
However Ring Energy's short interest can also be evaluated against the total number of Ring Energy shares, or, against the total number of tradable Ring Energy shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Ring Energy's short interest could be expressed as 0.14% of the outstanding shares (for every 100,000 Ring Energy shares in existence, roughly 140 shares are currently held short) or 0.1487% of the tradable shares (for every 100,000 tradable Ring Energy shares, roughly 149 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Ring Energy.
Find out more about how you can short Ring Energy stock.
We're not expecting Ring Energy to pay a dividend over the next 12 months.
Ring Energy's shares were split on a 1:18 basis on 2 June 2008. So if you had owned 18 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Ring Energy shares – just the quantity. However, indirectly, the new 1700% higher share price could have impacted the market appetite for Ring Energy shares which in turn could have impacted Ring Energy's share price.
Over the last 12 months, Ring Energy's shares have ranged in value from as little as $0.4301 up to $2.85. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE MKT average) beta is 1, while Ring Energy's is 2.4226. This would suggest that Ring Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Ring Energy, Inc., an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas and New Mexico. As of December 31, 2019, the company's proved reserves consisted of approximately 81.1 million barrel of oil equivalent. It also had interests in 18,372 net developed acres and 47,427 net undeveloped acres in Andrews and Gaines counties, Texas; 19,138 net developed acres and 860 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 28,514 net undeveloped acres in Gaines, Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. It primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was founded in 2004 and is headquartered in Midland, Texas.
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