Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Director Sells 16,000 Shares of Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) Director Regina Roesener sold 16,000 shares of Ring Energy stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $1.25, for a total transaction of $20,000.00. Following the sale, the director now directly owns 430,262 shares of the company’s stock, valued at $537,827.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ring Energy Stock Performance

NYSEAMERICAN:REI opened at $1.36 on Thursday. Ring Energy, Inc. has a 1-year low of $1.21 and a 1-year high of $2.20. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $269.55 million, a P/E ratio of 2.39 and a beta of 1.59.

Ring Energy (NYSEAMERICAN:REI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The firm had revenue of $89.24 million during the quarter, compared to analyst estimates of $83.27 million. Equities analysts predict that Ring Energy, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Ring Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Institutional Trading of Ring Energy

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Ring Energy by 4,564.9% during the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock valued at $4,938,000 after purchasing an additional 3,020,092 shares during the period. DGS Capital Management LLC raised its holdings in Ring Energy by 70.1% during the 3rd quarter. DGS Capital Management LLC now owns 78,231 shares of the company’s stock valued at $125,000 after buying an additional 32,241 shares during the last quarter. Franklin Resources Inc. boosted its position in Ring Energy by 2,244.6% during the 3rd quarter. Franklin Resources Inc. now owns 235,168 shares of the company’s stock valued at $381,000 after buying an additional 225,138 shares during the period. Virtu Financial LLC bought a new stake in Ring Energy in the 3rd quarter worth $39,000. Finally, Barclays PLC increased its position in shares of Ring Energy by 272.6% in the third quarter. Barclays PLC now owns 194,186 shares of the company’s stock valued at $311,000 after acquiring an additional 142,074 shares during the period. 77.14% of the stock is currently owned by hedge funds and other institutional investors.

Ring Energy Company Profile

Ring Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,711 net developed acres and 2,668 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,751 net developed acres and 12,405 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.