Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 505,340 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $0.81, for a total value of $409,325.40. Following the completion of the sale, the insider now owns 23,875,715 shares of the company's stock, valued at $19,339,329.15. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock 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 shares were 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 shares were sold at an average price of $0.81, for a total value of $528,427.80.
- 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 value 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 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 value 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 value 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 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 stock was 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 stock was sold at an average price of $0.80, for a total value of $44,560.00.
Ring Energy Price Performance
REI traded up $0.02 on Friday, reaching $0.87. The stock had a trading volume of 22,458,097 shares, compared to its average volume of 2,055,887. Ring Energy, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.06. The firm has a 50-day moving average of $0.84 and a 200-day moving average of $1.23. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $171.80 million, a price-to-earnings ratio of 1.52 and a beta of 1.55.
Analyst Ratings Changes
A number of research firms have recently commented on REI. Industrial Alliance Securities set a $2.50 price target on Ring Energy in a report on Friday, March 7th. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a report on Friday, March 7th.
Check Out Our Latest Report on Ring Energy
Hedge Funds Weigh In On Ring Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Ring Energy in the fourth quarter valued at about $1,378,000. Jefferies Financial Group Inc. acquired a new stake in shares of Ring Energy in the first quarter valued at about $1,092,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Ring Energy in the fourth quarter valued at about $1,167,000. Millennium Management LLC increased its stake in shares of Ring Energy by 358.0% in the fourth quarter. Millennium Management LLC now owns 1,082,632 shares of the company's stock valued at $1,472,000 after buying an additional 846,241 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Ring Energy by 28.6% in the first quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company's stock valued at $3,853,000 after buying an additional 744,284 shares during the period. Institutional investors and hedge funds own 77.14% of the company's stock.
About Ring Energy
(
Get Free Report)
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.
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