Analysts await Ring Energy, Inc. (NASDAQ:REI) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $-0.09 EPS, down 55.56% or $0.05 from last year’s $-0.04 per share.

At the moment 12 analysts are watching Ring Energy, Inc. (NASDAQ:REI), 4 rate it “Buy”, 6 “Outperform”, 2 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 8 analysts have a mean sales target of 6.63 million. For the quarter ending Sep-16, 8 analysts have a mean sales target of 7.91 million whilst for the year ending Dec-16, 9 analysts have a mean target of 29.82 million.

In terms of earnings per share, 11 analysts have a -0.05 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 11 analysts have a -0.03 EPS mean target and for the quarter ending Sep-16 there are 11 estimates of -0.19 EPS.

The biggest institutional shareholders in Ring Energy, Inc. include Royal Bank Of Canada which owns 3 million shares in the company valued at $21.78 million. Talara Capital Management, LLC is the second biggest holder with 2 million shares currently valued at 10.65 million whilst MSD Partners, L.P. has 1 million shares valued at 7.67 million.

Total shares held by institutions as of the most recent company filings are 16,532,889 with a reported 1,325,773 bought and 837,094 sold. These holdings make up 54.37% of the company’s outstanding shares.

Currently insiders hold 4,876,548 shares in the business which makes up 16.05% of shares. The biggest holder currently is Stanley M. McCabe who owns 2,241,502 shares (7.37% of those outstanding), whilst Lloyd T. Rochford holds 2,060,000 (6.78% of shares outstanding) and Mr. Robert J. Morley holds 170,000 (0.56% of shares outstanding).

The stock decreased 2.25% or $0.15 during the last trading session, hitting $6.51. Ring Energy, Inc. (NASDAQ:REI) has fallen 58.06% over the past 6 months and is downtrending.