2 weeks Ago By Defense World Staff
StockNews.com lowered shares of Ring Energy ( NYSEAMERICAN:REI – Free Report ) from a buy rating to a hold rating in a report issued on Friday morning. Ring Energy Stock Up 1.
9 % NYSEAMERICAN:REI opened at $1.58 on Friday. The company has a market cap of $313.
16 million, a price-to-earnings ratio of 2.77 and a beta of 1.63.
Ring Energy has a twelve month low of $1.25 and a twelve month high of $2.20.
The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.
45. Ring Energy ( NYSEAMERICAN:REI – Get Free Report ) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.
07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02.
The company had revenue of $89.24 million during the quarter, compared to the consensus estimate of $83.27 million.
Ring Energy had a net margin of 29.44% and a return on equity of 9.21%.
On average, research analysts expect that Ring Energy will post 0.33 EPS for the current year. Insider Activity at Ring Energy Institutional Investors Weigh In On Ring Energy Several institutional investors have recently made changes to their positions in REI.
Intech Investment Management LLC acquired a new position in Ring Energy during the third quarter valued at approximately $96,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Ring Energy by 43.
0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 139,960 shares of the company’s stock worth $224,000 after buying an additional 42,103 shares in the last quarter.
Empowered Funds LLC raised its holdings in shares of Ring Energy by 18.9% during the 3rd quarter. Empowered Funds LLC now owns 686,254 shares of the company’s stock worth $1,098,000 after buying an additional 109,074 shares in the last quarter.
Victory Capital Management Inc. lifted its position in shares of Ring Energy by 22.4% during the 3rd quarter.
Victory Capital Management Inc. now owns 119,079 shares of the company’s stock worth $191,000 after buying an additional 21,801 shares during the last quarter. Finally, Atria Investments Inc acquired a new stake in Ring Energy in the third quarter valued at about $230,000.
77.14% of the stock is currently owned by institutional investors. About Ring Energy ( Get Free Report ) Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties.
The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico. Recommended Stories Five stocks we like better than Ring Energy Why is the Ex-Dividend Date Significant to Investors? 2 Chip Stocks Benefitting from OpenAI’s Chip Strategy Expansion The 3 Best Fintech Stocks to Buy Now Monday.com’s Manic Price Pullback Is a Signal to Buy Ride Out The Recession With These Dividend Kings 3 “Made in America” Stocks to Benefit From the Trump Presidency Receive News & Ratings for Ring Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ring Energy and related companies with MarketBeat.
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