Analysts who follow Ring Energy Inc (REI) on average expect it to decrease -4.76% over the next twelve months. Those same analysts give the stock an average rating of Sell.
That average rating earns Ring Energy Inc an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Ring Energy Inc Stock Today?
Ring Energy Inc (REI) stock is trading at $1.05 as of 2:07 PM on Friday, Jan 15, a drop of -$0.07, or -6.25% from the previous closing price of $1.12. The stock has traded between $1.00 and $1.10 so far today. Volume today is 3,507,619 compared to average volume of 3,724,189.
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