Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells 215,476 Shares of Stock

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 215,476 shares of Ring Energy stock in a transaction on Friday, June 6th. The stock was sold at an average price of $0.77, for a total value of $165,916.52. Following the completion of the transaction, the insider now owns 24,638,523 shares in the company, valued at $18,971,662.71. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 stock was 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 stock was sold at an average price of $0.78, for a total transaction of $200,825.04.
• 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 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 transaction of $44,560.00.

Ring Energy Price Performance

Shares of REI stock traded up $0.02 during trading hours on Thursday, reaching $0.84. 2,114,413 shares of the company were exchanged, compared to its average volume of 1,971,178. 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 company has a market cap of $166.98 million, a price-to-earnings ratio of 1.48 and a beta of 1.55. The stock's fifty day moving average is $0.84 and its two-hundred day moving average is $1.24. Ring Energy, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.06.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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