Warburg Pincus (E&P) Xii Llc Sells 228,008 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 228,008 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $0.82, for a total transaction of $186,966.56. Following the completion of the sale, the insider now owns 22,995,327 shares in the company, valued at approximately $18,856,168.14. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 11th, Warburg Pincus (E&P) Xii Llc sold 652,380 shares of Ring Energy stock. The stock was sold at an average price of $0.81, for a total transaction of $528,427.80.
• On Tuesday, June 10th, Warburg Pincus (E&P) Xii Llc sold 505,340 shares of Ring Energy stock. The stock was sold at an average price of $0.81, for a total transaction of $409,325.40.
• On Monday, June 9th, Warburg Pincus (E&P) Xii Llc sold 257,468 shares of Ring Energy stock. The stock was 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 stock was sold at an average price of $0.77, for a total transaction of $165,916.52.
• On Thursday, June 5th, Warburg Pincus (E&P) Xii Llc sold 26,606 shares of Ring Energy stock. The stock was sold at an average price of $0.75, for a total transaction of $19,954.50.
• 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 stock was sold at an average price of $0.79, for a total transaction of $411,773.28.
• On Monday, June 2nd, Warburg Pincus (E&P) Xii Llc sold 495,278 shares of Ring Energy stock. The shares were sold at an average price of $0.76, for a total transaction 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 transaction 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 transaction of $44,560.00.

Ring Energy Stock Up 2.9%

Shares of REI traded up $0.02 on Friday, reaching $0.87. The company's stock had a trading volume of 22,458,097 shares, compared to its average volume of 2,053,522. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. Ring Energy, Inc. has a twelve month low of $0.72 and a twelve month high of $2.06. The stock has a market capitalization of $171.80 million, a PE ratio of 1.52 and a beta of 1.55. The firm has a fifty day moving average of $0.84 and a 200-day moving average of $1.23.

Institutional Investors Weigh In On Ring Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Ring Energy by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 153,156 shares of the company's stock worth $209,000 after buying an additional 9,805 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Ring Energy by 97.7% during the 1st quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company's stock worth $27,000 after buying an additional 11,579 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Ring Energy by 21.5% during the 1st quarter. MetLife Investment Management LLC now owns 66,197 shares of the company's stock worth $76,000 after buying an additional 11,693 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Ring Energy by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 41,736 shares of the company's stock worth $57,000 after buying an additional 13,733 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Ring Energy by 99.3% during the 1st quarter. CWM LLC now owns 27,773 shares of the company's stock worth $32,000 after buying an additional 13,840 shares in the last quarter. Institutional investors and hedge funds own 77.14% of the company's stock.

Wall Street Analyst Weigh In

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

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.