Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Warburg Pincus (E&P) Xii Llc Sells 505,340 Shares

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 505,340 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $0.81, for a total value of $409,325.40. Following the sale, the insider now directly owns 23,875,715 shares in the company, valued at $19,339,329.15. This trade represents a 2.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 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 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 value of $186,966.56.
• 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 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 value 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 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 shares were 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 stock was 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 stock was sold at an average price of $0.80, for a total value of $44,560.00.

Ring Energy Trading Up 4.9%

REI stock traded up $0.04 during trading on Friday, reaching $0.88. 20,362,441 shares of the stock traded hands, compared to its average volume of 2,045,485. The firm has a market capitalization of $175.21 million, a PE ratio of 1.54 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. The business's 50 day moving average price is $0.84 and its 200-day moving average price is $1.24. Ring Energy, Inc. has a 52-week low of $0.72 and a 52-week high of $2.06.

Institutional Trading of Ring Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Mraz Amerine & Associates Inc. purchased a new position in Ring Energy in the 4th quarter valued at about $27,000. Arkadios Wealth Advisors lifted its holdings in Ring Energy by 97.7% in the first quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company's stock worth $27,000 after purchasing an additional 11,579 shares during the period. CWM LLC lifted its stake in Ring Energy by 99.3% during the first quarter. CWM LLC now owns 27,773 shares of the company's stock valued at $32,000 after purchasing an additional 13,840 shares during the last quarter. Ullmann Wealth Partners Group LLC boosted its position in shares of Ring Energy by 95.2% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company's stock valued at $33,000 after purchasing an additional 13,996 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Ring Energy by 204.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company's stock valued at $36,000 after buying an additional 17,574 shares during the period. Institutional investors and hedge funds own 77.14% of the company's stock.

Analyst Upgrades and Downgrades

REI has been the topic of several analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a research report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price target 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.