REI stock: buy or sell?
November 15th, 2019
Ring Energy, Inc. acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States.
Should I buy REI stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Ring Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Ring Energy stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we detected 2 ratings published for REI stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-26||LADENBURG THALM/SH SH||Buy||Neutral|
REI stock analysis
Shares of Ring Energy ended yesterday at $1.94 and collapsed a bloodcurdling -6.73%.
Ring Energy closed yesterday at $1.94 and collapsed a bloodcurdling -6.73%. From a daily perspective, REI is in a short term uptrend after plotting its last bottom ($1.60, on Oct/31) higher than the previous bottom, and its last top ($2.54, on Monday) also over the previous top. Now trading in between its last bottom and last top REI might consolidate in a plain range, waiting to break out over $2.54 or down under $1.60. In this session, Ring Energy stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock.
After climbing for 4 weeks, this week Ring Energy collapsed a chilling -18.49%, closing at $1.94. Last week REI rocketed an exceptional 26.47% in just one week.
This week, Ring Energy stock crossed down the significant level of the 20-weeks moving average.
REI stock price history
REI IPO was on April 16th, 2007 at $8.10 per share1. Since then, REI stock declined a -76.00%, with a yearly average of -6.30%.
1: Adjusted price after possible price splits or reverse-splits.
REI stock historical price chart
REI stock reached 52-week highs on November at $7.76, and all-time highs 2014-06-05 with a price of 20.61.
REI stock price target is $3.50How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 2 price targets for REI stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-26||LADENBURG THALM/SH SH||Downgrades||$5.00||$3.00||-40%|
|2019-8-22||Imperial Capital||Lowers Target||$6.00||$4.00||-33.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on February, Ring Energy . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an extraordinary gain of 80.01% to $120.07 million dollars. Nevertheless, its profit margin (compared to sales) gained to 7.50%, that is $9.00 million.
|2013||$10 M||-||$-0.45 M-4.4%||-|
|2014||$38 M||269.08%||$8.42 M22.1%||-1,962.08%|
|2015||$31 M||-18.58%||$-9.05 M-29.2%||-207.51%|
|2016||$31 M||-0.53%||$-37.64 M-122.0%||315.76%|
|2017||$67 M||116.21%||$1.75 M2.6%||-104.66%|
|2018||$120 M||80.01%||$9.00 M7.5%||413.14%|
Quarterly financial resultsRing Energy reported $27.56 million in sales for 2018-Q4, a -15.68% decline compared to previous quarter. Reported quarter income marked $-7.08 million with a profit margin of -25.69%. Profit margin collapsed a -43.10% compared to previous quarter when profit margin was 17.42%. When comparing sales to same quarter last year, Ring Energy sales marked a dazzling growth and rocketed a 18.25%.
|2017-Q1||$12 M||-||$1.28 M10.5%||-|
|2017-Q2||$15 M||18.46%||$1.91 M13.2%||49.22%|
|2017-Q3||$17 M||14.79%||$3.07 M18.5%||60.93%|
|2017-Q4||$23 M||40.04%||$-4.51 M-19.3%||-246.72%|
|2018-Q1||$30 M||28.24%||$5.67 M19.0%||-225.63%|
|2018-Q2||$30 M||0.11%||$4.72 M15.8%||-16.69%|
|2018-Q3||$33 M||9.23%||$5.69 M17.4%||20.63%|
|2018-Q4||$28 M||-15.68%||$-7.08 M-25.7%||-224.34%|
Ring Energy ownershipWhen you are planning to buy a stock, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Ring Energy, 6.14% of all outstanding shares are owned by its staff.
Bearish positions for REI stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Ring Energy:
|Market cap||$131.6 M||$3.7 M||$14.7 B||$566.7 M||$8.1 M|
|Total shares||67.8 M||93.7 M||201.0 M||237.1 M||2.0 M|
|Float shares||58.4 M||41.8 M||197.3 M||173.3 M||0.8 M|
|- Institutional holdings (%)||86.2%||70.4%||96.2%||100.7%||5.0%|
|- Insider holdings (%)||6.1%||4.7%||1.1%||2.4%||58.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, November 15th, 2019|
|Day range||$1.94 - $2.12|
|Average true range||$0.20|
|50d mov avg||$1.72|
|100d mov avg||$2.03|
|200d mov avg||$3.56|
Ring Energy performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Ring Energy performance to Approach Resources, Concho Resources, Laredo Petroleum and Mexco Energy: