The company's fundamentals are relatively stable. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
The company's current financial score is 7.39, which is higher than the Oil & Gas industry's average of 7.25. Its financial status is weak, and its operating efficiency is high. Its latest quarterly revenue reached 82.60M, representing a year-over-year decrease of 16.68%, while its net profit experienced a year-over-year decrease of 7.96%.
The company’s current valuation score is 1.20, which is lower than the Oil & Gas industry's average of 1.73. Its current P/E ratio is 3.03, which is 25.52% below the recent high of 3.81 and 30.05% above the recent low of 2.12.
The company’s current earnings forecast score is 8.00, which is higher than the Oil & Gas industry's average of 7.37. The average price target for Ring Energy Inc is 2.50, with a high of 2.50 and a low of 2.50.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 7.13, which is lower than the Oil & Gas industry's average of 7.57. Sideways: Currently, the stock price is trading between the resistance level at 1.18 and the support level at 0.89, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The company’s current risk assessment score is 3.17, which is lower than the Oil & Gas industry's average of 4.45. The company's beta value is 1.04. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.
