Equities research analysts forecast that Ring Energy, Inc. (NASDAQ:REI) will post $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ring Energy’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.20. Ring Energy posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Ring Energy will report full-year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.77. For the next year, analysts anticipate that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.68 to $1.16. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Ring Energy.
Ring Energy (NASDAQ:REI) last issued its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.15. The business had revenue of $41.80 million for the quarter, compared to analyst estimates of $26.53 million.
Separately, BidaskClub lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 24th.
REI traded up $0.01 during trading on Tuesday, hitting $3.28. 736,473 shares of the stock were exchanged, compared to its average volume of 641,670. Ring Energy has a 1-year low of $3.15 and a 1-year high of $13.75. The company’s fifty day simple moving average is $3.45.
Ring Energy Company Profile
Ring Energy, Inc acquires, explores for, develops, and produces oil and natural gas in Texas and Kansas, the United States. As of December 31, 2016, its proved reserves consisted of approximately 27.7 million barrel of oil equivalent. The company also owns interests in 32,663 net developed and undeveloped acres in Andrews and Gaines counties, and 20,490 net developed and undeveloped acres in Reeves and Culberson counties, Texas; and 14,549 net developed and undeveloped acres in Kansas.
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