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 company’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 sale, the director now directly owns 430,262 shares of the company’s stock, valued at approximately $537,827.50. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ring Energy Stock Up 6.4 %

NYSEAMERICAN:REI traded up $0.08 during trading hours on Monday, reaching $1.33. 2,849,107 shares of the stock were exchanged, compared to its average volume of 1,801,395. Ring Energy, Inc. has a twelve month low of $1.21 and a twelve month high of $2.20. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $263.61 million, a price-to-earnings ratio of 2.33 and a beta of 1.59.

Ring Energy (NYSEAMERICAN:REI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (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 the consensus estimate of $83.27 million. Research analysts anticipate that Ring Energy, Inc. will post 0.34 EPS for the current year.

Institutional Trading of Ring Energy

A number of institutional investors and hedge funds have recently modified their holdings of REI. CreativeOne Wealth LLC acquired a new position in Ring Energy during the third quarter valued at $26,000. Ullmann Wealth Partners Group LLC increased its holdings in shares of Ring Energy by 58.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,583 shares during the period. Caprock Group LLC raised its holdings in Ring Energy by 44.0% in the 2nd 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. Virtu Financial LLC acquired a new stake in Ring Energy during the third quarter worth $39,000. Finally, Catalina Capital Group LLC increased its stake in Ring Energy by 38.7% in the third quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock valued at $58,000 after acquiring an additional 10,201 shares during the period. 77.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Ring Energy from a “buy” rating to a “hold” rating in a research 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.