Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells $44,560.00 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 55,700 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $0.80, for a total transaction of $44,560.00. Following the sale, the insider now directly owns 26,249,575 shares in the company, valued at approximately $20,999,660. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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, 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 20th, Warburg Pincus (E&P) Xii Llc sold 95,782 shares of Ring Energy stock. The stock was sold at an average price of $0.80, for a total transaction of $76,625.60.
• On Monday, May 19th, Warburg Pincus (E&P) Xii Llc sold 193,940 shares of Ring Energy stock. The stock was sold at an average price of $0.82, for a total transaction of $159,030.80.
• On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total transaction of $329,190.48.
• On Thursday, May 15th, Warburg Pincus (E&P) Xii Llc sold 554,102 shares of Ring Energy stock. The shares were sold at an average price of $0.84, for a total transaction of $465,445.68.
• On Tuesday, May 13th, Warburg Pincus (E&P) Xii Llc sold 634,481 shares of Ring Energy stock. The shares were sold at an average price of $0.91, for a total transaction of $577,377.71.
• On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The shares were sold at an average price of $0.89, for a total transaction of $405,532.95.
• On Monday, May 12th, Warburg Pincus (E&P) Xii Llc sold 300,000 shares of Ring Energy stock. The shares were sold at an average price of $0.90, for a total transaction of $270,000.00.

Ring Energy Price Performance

REI traded down $0.00 during trading on Friday, reaching $0.74. The company's stock had a trading volume of 3,166,727 shares, compared to its average volume of 1,924,765. 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 firm has a fifty day simple moving average of $0.89 and a two-hundred day simple moving average of $1.28. Ring Energy, Inc. has a 1 year low of $0.72 and a 1 year high of $2.06. The company has a market cap of $146.99 million, a price-to-earnings ratio of 1.30 and a beta of 1.55.

Analyst Ratings Changes

A number of research firms have weighed in on REI. Alliance Global Partners reissued a "buy" rating on shares of Ring Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $2.50 target price on shares of Ring Energy in a research note on Friday, March 7th.

Institutional Trading of Ring Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Ring Energy during the 4th quarter worth approximately $1,378,000. BNP Paribas Financial Markets increased its holdings in shares of Ring Energy by 15.6% during the 4th quarter. BNP Paribas Financial Markets now owns 168,590 shares of the company's stock worth $229,000 after buying an additional 22,790 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ring Energy during the 4th quarter worth approximately $174,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ring Energy by 196.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,893 shares of the company's stock worth $564,000 after buying an additional 274,933 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Ring Energy during the 4th quarter worth approximately $1,167,000. Institutional investors and hedge funds own 77.14% of the company's stock.

About Ring Energy

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.