Analysts await Ring Energy, Inc. (NASDAQ:REI) to report earnings on Mar, 15 for the fiscal quarter ending Dec 2015.

They expect $-0.05 EPS, down 300% or $0.15 from last year’s $0.1 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 Mar-16, 5 analysts have a mean sales target of 7.75 million. For the quarter ending Jun-16, 5 analysts have a mean sales target of 8.79 million whilst for the year ending Dec-16, 8 analysts have a mean target of 37.52 million.

In terms of earnings per share, 8 analysts have a -0.07 EPS mean target for the quarter ending Mar-16, for the quarter ending Jun-16, 8 analysts have a -0.05 EPS mean target and for the quarter ending Jun-16 there are 11 estimates of -0.17 EPS.

Total shares held by institutions as of the most recent company filings are 19,028,791 with a reported 643,645 bought and 415,455 sold. These holdings make up 62.62% of the company’s outstanding shares.

The stock decreased 2.00% or $0.1 during the last trading session, hitting $4.91. Ring Energy, Inc. (NASDAQ:REI) has fallen 99.59% over the past 6 months and is downtrending.