REI stock: buy or sell?

REI stock price: $1.43 -7.74% At close on February 27th, 2020

Updated on:
February 27th, 2020

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Shares of Ring Energy closed today at $1.43 and collapsed a dreadful -7.74%. With Thursday it's been 5 red days in a row.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Ring Energy stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean REI will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Ring Energy stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for REI stock for the last 30 days.

REI stock analysis

Daily outlook

Shares of Ring Energy closed today at $1.43 and collapsed a dreadful -7.74%.

Ring Energy shares collapsed -7.74% to $1.43 today. Since last January when REI stock price broke down the SMA200d line, it slid $-1.44 per share (-50.17%). REI marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $2.30 would break this short term down trend and open possibilities for reversing this situation. Since last December when SMA50d and SMA100d crossed up, REI price slipped $-0.79 per share (-35.59%).

REI stock chart (daily)

Weekly outlook

Shares of Ring Energy closed this week at $1.43 and collapsed a spooky -24.74%. Counting this, it's been 5 red weeks in a row, sliding $-1.04 or a -38.52%.

Ring Energy shares slid under the support line what triggered further losses. Since price and 40-weeks moving average lines crossed down late January, REI fell $-1.27 per share (-47.04%). Stocks below the 200d moving average line are usually not recommended for average traders. Since SMA10w and SMA20w crossed up early December, REI price slid a -25.52%.

REI stock chart (weekly)

REI stock price history

REI IPO was on April 16th, 2007 at $8.10 per share1. Since then, REI stock sliced a -82.30%, with a yearly average of -6.90%.

1: Adjusted price after possible price splits or reverse-splits.

REI stock historical price chart

REI stock reached 52-week highs on March at $6.60, and all-time highs 2014-06-05 with a price of 20.61.

REI stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price target for Ring Energy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Ring Energy posted its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this review.
REI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-03-150.090.090.0%
2018-Q12018-05-080.150.11-26.7%
2018-Q22018-08-080.130.09-30.8%
2018-Q32018-11-060.110.1427.3%
2018-Q42019-02-26n/a0.07n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an amazing gain of 80.01% to $120.07 M USD. Nevertheless, its earnings margin (compared to sales) raised to 7.50%, that is $9.00 million.

REI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$10 M-$-0.45 M-4.4%-
2014$38 M269.08%$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 M116.21%$1.75 M2.6%-104.66%
2018$120 M80.01%$9.00 M7.5%413.14%

Quarterly financial results

Ring Energy posted $27.56 M in revenues for 2018-Q4, a -15.68% less compared to previous quarter. Reported quarter income marked $-7.08 M with a profit margin of -25.69%. Profit margin plunged 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 an astounding growth and skyrocketed a 18.25%.
REI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$12 M-$1.28 M10.5%-
2017-Q2$15 M18.46%$1.91 M13.2%49.22%
2017-Q3$17 M14.79%$3.07 M18.5%60.93%
2017-Q4$23 M40.04%$-4.51 M-19.3%-246.72%
2018-Q1$30 M28.24%$5.67 M19.0%-225.63%
2018-Q2$30 M0.11%$4.72 M15.8%-16.69%
2018-Q3$33 M9.23%$5.69 M17.4%20.63%
2018-Q4$28 M-15.68%$-7.08 M-25.7%-224.34%

Ring Energy ownership

When you are planning to buy a company, it's worth to check 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, 21.11% of all outstanding shares are owned by its staff.

In case of Ring Energy stock, 66.89% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). 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:

REI
Market cap$97.0 M
Total shares67.8 M
Float shares58.4 M
  - Institutional holdings (%)66.9%
  - Insider holdings (%)21.1%
Shares in short selling0.0%

REI summary

Thursday, February 27th, 2020
Open$1.48
Close$1.43
Day range$1.35 - $1.55
Previous close$1.55
Session gain-7.74%
Average true range$0.14
50d mov avg$2.37
100d mov avg$2.11
200d mov avg$2.38
Daily patternlb06a
Weekly pattern lt06c

Ring Energy performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Ring Energy against in the following table:
Stock3m6m12m
REIRing Energy-25.52%-2.05%-77.41%

Ring Energy competitors

Unfortunately, we could not find any public company that could be defined as Ring Energy competitor. This doesn't mean Ring Energy does not have any competitor in the market, it's just we could not detected it.