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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 04/12/2024 |
$2.17 |
$2.20 |
$2.06 |
$2.08 |
1.85M | | 04/15/2024 |
$2.11 |
$2.12 |
$2.04 |
$2.06 |
1.49M | | 04/16/2024 |
$2.08 |
$2.08 |
$1.99 |
$2.07 |
1.31M | | 04/17/2024 |
$2.05 |
$2.09 |
$1.99 |
$2.01 |
918.30K | | 04/18/2024 |
$2.00 |
$2.05 |
$1.96 |
$1.97 |
1.22M |
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| Ring Energy is an exploration and production company, engaged in oil and natural gas development, production, acquisition, and exploration activities, with a focused in Texas and New Mexico. Co.'s primary drilling operations target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas and New Mexico. Co. principally sells its oil and natural gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas where there is no practical access to pipelines, oil is trucked to storage facilities. | |
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Ring Energy (REI) has the following price history information. Looking back at REI historical stock prices for the last five trading days, on April 12, 2024, REI opened at $2.17, traded as high as $2.20 and as low as $2.06, and closed at $2.08. Trading volume was a total of 1.85M shares. On April 15, 2024, REI opened at $2.11, traded as high as $2.12 and as low as $2.04, and closed at $2.06. Trading volume was a total of 1.49M shares. On April 16, 2024, REI opened at $2.08, traded as high as $2.08 and as low as $1.99, and closed at $2.07. Trading volume was a total of 1.31M shares. On April 17, 2024, REI opened at $2.05, traded as high as $2.09 and as low as $1.99, and closed at $2.01. Trading volume was a total of 918.30K shares. On April 18, 2024, REI opened at $2.00, traded as high as $2.05 and as low as $1.96, and closed at $1.97. Trading volume was a total of 1.22M shares.
REI Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ring Energy shares, starting with a $10,000 purchase of REI, and working forward through the historical stock price information to today.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$19.05 |
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| End price/share: |
$1.97 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-89.66% |
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| Average Annual Total Return: |
-20.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,033.50 |
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| Years: |
10.00 |
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| Date |
Close |
| 04/12/2024 | $2.08 | | 04/15/2024 | $2.06 | | 04/16/2024 | $2.07 | | 04/17/2024 | $2.01 | | 04/18/2024 | $1.97 |
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