Ring Energy Inc. (REI): Time to Buy this stock

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Ring Energy Inc. (AMEX:REI) changes shares on Tuesday trading session, with a change of 0.88% or $0.01 shares. The trading starts at $1.15 and closed at $1.14 throughout the day. The trading session low price was $1.12 and day high was $1.16 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.65 million while its average volume is 1.43M. In other hand, the REI market cap reached to $78.20M. While, its current target price is $1.27.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.77% and down -2.54% for month. Its quarterly performance was 42.38% above, while its half year performance is down -44.98%. REI yearly performance stood at negative -44.98% and fall -56.44% for year-to-date. Current recommendation for Ring Energy Inc. is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. REI EPS (TTM) for 12-month is 0.92. EPS for this year is 198.70%, while for the next year its value is 0.05. Sales growth for the current quarter is 0.03 while its EPS Q/Q reached 820.30%. It has an EPS of 6.30% up for past five years and for the next five years will be up 37.00%.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Ring Energy Inc. (REI) stock. On Mar 30, 2020, Blackrock Inc. has 9.02 million shares which valued 5.94 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 4.04 million shares which valued at 2.66 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 3.98 million shares which valued at 2.62 million. In the end, Dimensional Fund Advisors LP have 5.86% shares outstanding of Ring Energy Inc. (REI) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 63.00%.

The company posted an EPS (TTM) of 0.92. Analyst Estimated EPS for REI published in the report was -$0.04 – $0.06 during the same period. Comparing with last year, the average estimated EPS was 0.16 which is higher than 0.07 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for REI fall -24.62% for period of 200 days. SMA for 50 days was -6.61% which is showing red signal, while SMA-20 was 4.69%. The moving average value for Ring Energy Inc. (REI) is 1.1983 and 1.1700 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in REI stock. On Sep 13, Hoffman Kelly W., CEO, bought 10,000 trading shares at the cost of $1.47, which valued at 14700.0. On Sep 11, Rochford Living Trust Lloyd Ti, Director, bought 12,500 shares at the cost of $1.63, with total shares of 1,550,000. On Sep 11, Hoffman Kelly W., CEO, bought 22,000 shares at the cost of 1.60. After this transaction, Hoffman Kelly W. total shares reached to 59,546 which valued at 35200.0.