Ring Energy, Inc. (NYSEAMERICAN:REI) Director Regina Roesener Sells 16,000 Shares of Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) Director Regina Roesener sold 16,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $1.25, for a total transaction of $20,000.00. Following the completion of the transaction, the director now directly owns 430,262 shares in the company, valued at $537,827.50. This represents a 3.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ring Energy Price Performance

Shares of REI opened at $1.33 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. Ring Energy, Inc. has a 1 year low of $1.21 and a 1 year high of $2.20. The firm has a market cap of $263.61 million, a PE ratio of 2.33 and a beta of 1.59.

Ring Energy (NYSEAMERICAN:REI) last posted its earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The firm had revenue of $89.24 million during the quarter, compared to analysts’ expectations of $83.27 million. Analysts expect that Ring Energy, Inc. will post 0.34 earnings per share for the current year.

Institutional Trading of Ring Energy

Large investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its stake in Ring Energy by 8.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company’s stock valued at $121,000 after buying an additional 5,672 shares during the period. Caprock Group LLC boosted its holdings in shares of Ring Energy by 44.0% in the second quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock valued at $37,000 after acquiring an additional 6,655 shares in the last quarter. Ullmann Wealth Partners Group LLC increased its stake in shares of Ring Energy by 58.8% during the third quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock valued at $33,000 after acquiring an additional 7,583 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Ring Energy by 15.7% during the second quarter. The Manufacturers Life Insurance Company now owns 60,334 shares of the company’s stock worth $102,000 after purchasing an additional 8,165 shares in the last quarter. Finally, Catalina Capital Group LLC lifted its position in Ring Energy by 38.7% in the third quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock worth $58,000 after purchasing an additional 10,201 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ring Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.