Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 31,171 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $0.80, for a total transaction of $24,936.80. Following the sale, the insider now directly owns 26,218,404 shares of the company's stock, valued at approximately $20,974,723.20. This represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's stock 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 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.
- On Tuesday, May 20th, Warburg Pincus (E&P) Xii Llc sold 95,782 shares of Ring Energy stock. The shares were 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 shares were 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
Shares of NYSEAMERICAN:REI traded down $0.00 during trading on Friday, reaching $0.74. The company had a trading volume of 3,166,727 shares, compared to its average volume of 1,924,765. The firm's fifty day moving average is $0.89 and its 200 day moving average is $1.28. The firm has a market capitalization of $146.99 million, a PE ratio of 1.30 and a beta of 1.55. Ring Energy, Inc. has a twelve month low of $0.72 and a twelve month high of $2.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54.
Institutional Trading of Ring Energy
A number of institutional investors have recently made changes to their positions in REI. Empowered Funds LLC grew its position in Ring Energy by 8.6% in the first quarter. Empowered Funds LLC now owns 783,428 shares of the company's stock worth $901,000 after buying an additional 62,317 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ring Energy during the 1st quarter valued at $42,000. AQR Capital Management LLC lifted its position in shares of Ring Energy by 28.6% during the 1st quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company's stock valued at $3,853,000 after acquiring an additional 744,284 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of Ring Energy during the 1st quarter valued at $84,000. Finally, 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 valued at $76,000 after acquiring an additional 11,693 shares during the last quarter. 77.14% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have issued reports on REI. Industrial Alliance Securities set a $2.50 target price on shares of Ring Energy in a research note on Friday, March 7th. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a research note on Friday, March 7th.
Read Our Latest Stock Report on REI
Ring Energy Company Profile
(
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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