Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells $19,954.50 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 26,606 shares of Ring Energy stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $0.75, for a total transaction of $19,954.50. Following the transaction, the insider now directly owns 24,853,999 shares in the company, valued at $18,640,499.25. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Warburg Pincus (E&P) Xii Llc also recently made the following trade(s):

• On Thursday, June 12th, Warburg Pincus (E&P) Xii Llc sold 228,008 shares of Ring Energy stock. The stock was sold at an average price of $0.82, for a total transaction of $186,966.56.
• On Wednesday, June 11th, Warburg Pincus (E&P) Xii Llc sold 652,380 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total value of $528,427.80.
• On Tuesday, June 10th, Warburg Pincus (E&P) Xii Llc sold 505,340 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total value of $409,325.40.
• On Monday, June 9th, Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock. The shares were sold at an average price of $0.78, for a total transaction of $200,825.04.
• On Friday, June 6th, Warburg Pincus (E&P) Xii Llc sold 215,476 shares of Ring Energy stock. The shares were sold at an average price of $0.77, for a total value of $165,916.52.
• On Wednesday, June 4th, Warburg Pincus (E&P) Xii Llc sold 321,289 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total transaction of $244,179.64.
• On Tuesday, June 3rd, Warburg Pincus (E&P) Xii Llc sold 521,232 shares of Ring Energy stock. The shares were sold at an average price of $0.79, for a total value of $411,773.28.
• On Monday, June 2nd, Warburg Pincus (E&P) Xii Llc sold 495,278 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total value of $376,411.28.
• On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $24,936.80.
• On Tuesday, May 27th, Warburg Pincus (E&P) Xii Llc sold 55,700 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $44,560.00.

Ring Energy Price Performance

Shares of REI stock traded up $0.02 during trading hours on Thursday, hitting $0.84. 2,114,413 shares of the company's stock were exchanged, compared to its average volume of 1,971,178. The company has a market capitalization of $166.98 million, a PE ratio of 1.48 and a beta of 1.55. The business's 50 day simple moving average is $0.84 and its 200-day simple moving average is $1.24. Ring Energy, Inc. has a 12-month low of $0.72 and a 12-month high of $2.06. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Ring Energy in a research report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price objective on shares of Ring Energy in a research report on Friday, March 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of REI. SG Americas Securities LLC raised its holdings in Ring Energy by 112.5% in the 4th quarter. SG Americas Securities LLC now owns 147,280 shares of the company's stock worth $200,000 after purchasing an additional 77,963 shares in the last quarter. Empowered Funds LLC raised its holdings in Ring Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 721,111 shares of the company's stock worth $981,000 after acquiring an additional 34,857 shares during the last quarter. Capital Advisors Inc. OK bought a new position in Ring Energy during the 4th quarter valued at about $68,000. Mraz Amerine & Associates Inc. purchased a new stake in Ring Energy in the fourth quarter worth approximately $27,000. Finally, Charles Schwab Investment Management Inc. increased its position in Ring Energy by 22.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 463,720 shares of the company's stock valued at $631,000 after acquiring an additional 84,973 shares during the last quarter. 77.14% of the stock is owned by 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.