Ring Energy, Inc. (NYSEAMERICAN:REI) Director John A. Crum Acquires 50,000 Shares

Ring Energy, Inc. (NYSEAMERICAN:REI) Director John A. Crum acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was acquired at an average price of $1.15 per share, for a total transaction of $57,500.00. Following the completion of the transaction, the director now directly owns 564,125 shares in the company, valued at approximately $648,743.75. This represents a 9.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ring Energy Stock Down 8.5 %

Shares of NYSEAMERICAN:REI opened at $1.07 on Friday. 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 stock has a market capitalization of $212.07 million, a P/E ratio of 1.88 and a beta of 1.55. Ring Energy, Inc. has a 52-week low of $1.05 and a 52-week high of $2.20. The firm has a fifty day moving average of $1.28.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on REI shares. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a research report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price objective on Ring Energy in a research report on Friday, March 7th.

Institutional Investors Weigh In On Ring Energy

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Ring Energy by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 153,156 shares of the company’s stock valued at $209,000 after buying an additional 9,805 shares during the period. MetLife Investment Management LLC raised its holdings in Ring Energy by 29.2% in the 4th quarter. MetLife Investment Management LLC now owns 54,504 shares of the company’s stock valued at $74,000 after acquiring an additional 12,312 shares during the last quarter. State Street Corp lifted its stake in shares of Ring Energy by 0.6% during the 3rd quarter. State Street Corp now owns 2,398,808 shares of the company’s stock worth $3,838,000 after purchasing an additional 13,495 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Ring Energy by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 41,736 shares of the company’s stock worth $57,000 after purchasing an additional 13,733 shares during the last quarter. Finally, Vident Advisory LLC grew its position in shares of Ring Energy by 51.2% in the fourth quarter. Vident Advisory LLC now owns 43,557 shares of the company’s stock valued at $59,000 after purchasing an additional 14,753 shares during the period. 77.14% of the stock is owned by institutional investors and hedge funds.

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.