How to Buy Ring Energy Stock
Ring Energy Inc
Ring Energy, Inc. , an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas and New Mexico.
Ring Energy stock last closed at $2.04, up 0.99% from the previous day, and has increased 11.48% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.06 percentage points. Ring Energy stock is currently +63.2% from its 52-week low of $1.25, and -16.05% from its 52-week high of $2.43.
As of Apr 22, 2024, there are 197.93M shares of REI outstanding. The market value of REI is $403.79M. In the past 24 hours, 1.28M REI shares were traded.
How to Buy Ring Energy Stock
Wondering how to invest in Ring Energy stock? Here's how.
- Decide where to buy Ring Energy stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Ring Energy stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your details.
- Evaluate Ring Energy stock: The Ring Energy ticker symbol is REI. Is Ring Energy stock a good investment? Should you buy shares of REI? How do REI's underlying business fundamentals look? Do top analysts think Ring Energy is a good buy? Why has REI's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if REI is a good stock to buy).
- Place your REI trade: Decide if you will purchase REI shares at the current market price or use a limit order to buy REI stock at a particular price.
- Get the latest scoop on your REI position: Create a watchlist to keep track of your position in Ring Energy stock.
Step 1: Decide where to buy Ring Energy stock
You need an online brokerage account in order to access the NYSEMKT market and buy REI shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal details so you can invest in REI stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the best free stock trading app, you need to deposit funds:
Check out this video walkthrough for more details depositing money into your new investment account.
Step 4: Evaluate Ring Energy stock
Once you have chosen the best place to buy Ring Energy stock, it's important to research their stock prior to investing, so you can comprehend the risk as well as the upside.
Ring Energy quick stats
REI Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on REI's stock page.
How is REI stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge REI's fair value.
Using relative valuations metrics:
- REI may be undervalued based on its P/E ratio of 3.71x, relative to Oil & Gas E&P industry P/E ratio of 13.29x
- REI could be undervalued based on its P/B ratio of 0.51x, relative to Oil & Gas E&P industry P/B ratio of 2.14x
- REI could be undervalued based on its PEG ratio of 0.17x
You can access more valuation research on REI's stock here.
REI Financial Overview
Pros:
- REI's operating cash flow of $198.17M allows it to safely service it's debt of $430.02M.
Cons:
- REI earnings of $148.92M is not sufficient to cover its interest payments.
- REI profit margin has gone down from 39.9% to 29% in the past year.
- There are more long-term liabilities than short-term assets on the REI balance sheet.
- Total REI debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the REI balance sheet.
- REI has a relatively high debt to equity ratio of 0.75.
Metrics for Advanced REI Traders
How is REI performing as a company?
Last year, REI earnings were $104.86M. In the past 5 year, REI's earnings have increased by 29.67% per year. This was faster than the Oil & Gas E&P industry average of 15.54%.
Last year, REI revenue was $361.06M. Over the last five year, REI's revenue has grown by 24.63% per year. This was faster than the Oil & Gas E&P industry average of 19.46%.
Dig into REI's earnings and revenue performance here.
Latest Insiders Trades at REI
Over the past 12 months, insiders at REI have sold more shares than they have bought.
Marinos Christos Baghdati, EVP Operations of REI, was the latest REI insider to sell. They sold $50,571.88 worth of REI shares on Mar 6, 2024.
Get more info about who owns REI shares here.
Does REI provide a stable income stream?
No, Ring Energy doesn't provide an income stream by paying out dividends.
What do other traders have to say about REI?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your REI trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your REI position
Now that you own some REI stock, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to get notified of the latest news about your REI stock.
REI Feed
How to Buy Stock in Ring Energy
To reiterate, here are the 6 steps for buying Ring Energy stock:
- Decide where to buy Ring Energy stock
- Create your brokerage account
- Deposit money your brokerage account
- Evaluate Ring Energy stock
- Place your REI trade
- Get the latest scoop on your REI position
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your new investment in Ring Energy, add REI to your watchlist below.
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