An Evaluation Of Ring Energy Inc (AMEX: REI) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

REI belongs to the Energy sector of the AMEX while operating in the Oil & Gas E&P industry. The current market capitalization of Ring Energy Inc is $301.22M. A total of 1.54 million shares were traded on the day, compared to an average of 1.71M shares.

In the most recent transaction, Warburg Pincus & Co US, LLC sold 4,400,000 shares of REI for 1.62 per share on Oct 08 ’24. After the transaction, the 10% Owner now owns 35,520,643 company shares. In a previous transaction on Oct 08 ’24, Warburg Pincus (E&P) XII LLC sold 4,400,000 shares at 1.62 per share. REI shares that 10% Owner owns now total 35,520,643.

Among the insiders who bought shares, Warburg Pincus LLC (1) acquired of 4,400,000 shares on Oct 08 ’24 at a per-share price of $1.74. In another insider transaction, Warburg Pincus & Co US, LLC sold 6,200,000 shares at $1.64 per share on Sep 18 ’24. Company shares held by the 10% Owner now total 39,920,643.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, REI has a high of $2.20 and a low of $1.25.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. REI’s latest balance sheet shows that the firm has $2.41M in Cash & Short Term Investments as of fiscal 2021. There were $292.68M in debt and $76.67M in liabilities at the time. Its Book Value Per Share was $4.12, while its Total Shareholder’s Equity was $300.62M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for REI is Buy with a score of 3.00.

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