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

Ring Energy, Inc. (NYSEAMERICAN:REI) Director Regina Roesener sold 16,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were 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 of the company’s stock, valued at $537,827.50. This trade represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ring Energy Stock Performance

REI traded up $0.08 during midday trading on Monday, reaching $1.33. 2,849,107 shares of the company were exchanged, compared to its average volume of 1,801,395. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. Ring Energy, Inc. has a one year low of $1.21 and a one year high of $2.20. The firm has a market capitalization of $263.61 million, a P/E ratio of 2.33 and a beta of 1.59.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The company had revenue of $89.24 million during the quarter, compared to analyst estimates of $83.27 million. Equities analysts forecast that Ring Energy, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new stake in shares of Ring Energy in the third quarter worth $26,000. Ullmann Wealth Partners Group LLC boosted its position in 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 purchasing an additional 7,583 shares in the last quarter. Caprock Group LLC grew its stake in Ring Energy by 44.0% during the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock worth $37,000 after buying an additional 6,655 shares during the last quarter. Virtu Financial LLC acquired a new position in Ring Energy during the 3rd quarter valued at approximately $39,000. Finally, Catalina Capital Group LLC raised its stake in shares of 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 last quarter. 77.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.