Price Actions Raise Questions : Ring Energy, Inc. (REI), Becton, Dickinson and Company (BDX)

The stocks of Ring Energy, Inc. (NYSE:REI) has been Downgraded as a Neutral from Buy by Ladenburg Thalmann in its latest research note that was published on August 26. REI was given a price target of $3 by Ladenburg Thalmann, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Outperform rating from Imperial Capital with the price target of $6 to $4. This was contained in a research note published by the firm on August 22. The stock received a Buy rating in Johnson Rice’s research note that was published on May 28.

Ring’s stock is covered by 8 analysts, with 6 of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 2 of them have rated it as a Hold while none of them rated it as sell. Meanwhile, none analyst(s) rated it as a sell. The above data shows that REI has an average analyst rating of Overweight.

Ring Energy, Inc., which has current market capitalization of above $135 Million, published its last quarter earnings on September 30, 2019. The company was able to amass $50 Million in revenue, which saw a quarterly growth rate of 54 percent. During that quarter of the year, Ring also recorded $0.11 earnings per share (EPS) which is $0.02 above the $0.09 estimated by the analysts, leading to a surprise factor of 22.22%.

REI surged by $0.11 during the normal trading session on Tuesday and reaching a high of $2.06 during the day while it closed the day at $1.98. The Ring stock had a high trading volume of 1.48 million shares on that day, which is high compared to the average daily volume of 1.29M shares. REI has also gained 15.12% of its value over the past 7 days. However, the stock has surged by 31.13% in the 3 months of the year. Over the past six months meanwhile, it has lost 45.75% while it has lost 61.02% year-on date.

Shares in Becton, Dickinson and Company (NYSE:BDX) jumped over 0.08 percent on Tuesday. The company’s stock began trading at $254.07 above the previous closing price of $253.86, and finished the day at $255.22. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -3.6% from its 3 months high price. However, taking another look at BDX will indicate that it is trading +6.07% away from its 90-day low. Looking at the bigger picture, the Becton, Dickinson and Company stock has dropped by -3.6% from its 52-week high while it has surged by +22.34% from its 52-week low price.

On September 06, 2019 Lim James C, Executive Vice President sold 9,299 shares of the company. The average price for that transaction was $263.53 per share, which meant that Lim James C earned $2,450,565.00 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Executive Vice President, Polen Thomas E Jr selling 5,823 shares of this stock on September 06, 2019. The average selling price for the stock was $260.26 per share, with the sold stock accruing $1,515,494.00. Following this transaction, the insider now holds 30,215 shares of the company, which is worth around $58,919.25.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that BDX stock was rated as a Hold by TrendSpotter. Its short-term indicators reveal that Becton, has a 20-day average volume of 1358285 shares. This has led to the BDX price forecast being placed as a Hold on an average basis. In the medium term, however, the BDX stock has its 50-Day average volume of 1166518 shares, with the indicators also rating it as a 50% Buy. Finally, in the long-term, the BDX stocks have a 100-Day average volume of 1070922 shares, with the long-term indicators rating the stock as just 100% Buy. Looking at the three indicators, the BDX stock has been set on a 0.48 Buy rating.

Becton, has around 590 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $18 Billion. The Becton, stock is bringing in revenue of over 12 months, which is roughly 17 Billion. Despite all that, Becton, Dickinson and Company is seeing things progressing very much as their y-o-y quarterly revenue surged by 0.09%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 69.31%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 69.31%. Over the past 20 days, Becton,’s Stochastic %K stood at 58.73% while its Stochastic %D was revealed to be 48.4%.