Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Director Sells $20,000.00 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) Director Regina Roesener sold 16,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $1.25, for a total value 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 $537,827.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ring Energy Price Performance

NYSEAMERICAN REI opened at $1.36 on Thursday. The company has a market capitalization of $269.55 million, a PE ratio of 2.39 and a beta of 1.59. 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 12-month low of $1.21 and a 12-month high of $2.20.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Ring Energy by 4,564.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock valued at $4,938,000 after purchasing an additional 3,020,092 shares in the last quarter. Geode Capital Management LLC grew its position in Ring Energy by 34.6% during the third quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company’s stock worth $4,754,000 after buying an additional 763,907 shares in the last quarter. American Century Companies Inc. increased its stake in Ring Energy by 42.6% in the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after acquiring an additional 587,690 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ring Energy by 50.4% in the 2nd quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock valued at $1,331,000 after acquiring an additional 264,010 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Ring Energy by 2,244.6% in the 3rd quarter. Franklin Resources Inc. now owns 235,168 shares of the company’s stock valued at $381,000 after acquiring an additional 225,138 shares in the last quarter. Institutional investors own 77.14% of the company’s stock.

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.