Insider Selling: Ring Energy, Inc. (NYSEAMERICAN:REI) Major Shareholder Sells 95,782 Shares of Stock

Warburg Pincus (E&P) Xii Llc, a major shareholder of Ring Energy, Inc. (NYSEAMERICAN:REI), sold 95,782 shares at an average price of $0.80, totaling $76,625.60. This sale reduced their ownership by 0.36%, leaving them with 26,305,275 shares valued at approximately $21 million. The transaction was disclosed to the SEC. Recent sales by Warburg Pincus include 193,940 shares at $0.82 and 406,408 shares at $0.81. Ring Energy's stock opened at $0.75, with a market cap of $147.66 million and a PE ratio of 1.31.

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) major shareholder Warburg Pincus (E&P) Xii Llc sold 95,782 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $0.80, for a total value of $76,625.60. Following the transaction, the insider now directly owns 26,305,275 shares of the company's stock, valued at $21,044,220. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Warburg Pincus (E&P) Xii Llc also recently made the following trade(s):

On Monday, May 19th, Warburg Pincus (E&P) Xii Llc sold 193,940 shares of Ring Energy stock. The shares were sold at an average price of $0.82, for a total value of $159,030.80.
On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total transaction of $329,190.48.
On Thursday, May 15th, Warburg Pincus (E&P) Xii Llc sold 554,102 shares of Ring Energy stock. The stock was sold at an average price of $0.84, for a total value of $465,445.68.
On Tuesday, May 13th, Warburg Pincus (E&P) Xii Llc sold 634,481 shares of Ring Energy stock. The shares were sold at an average price of $0.91, for a total value of $577,377.71.
On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The shares were sold at an average price of $0.89, for a total transaction of $405,532.95.
On Monday, May 12th, Warburg Pincus (E&P) Xii Llc sold 300,000 shares of Ring Energy stock. The stock was sold at an average price of $0.90, for a total transaction of $270,000.00.
On Monday, February 24th, Warburg Pincus (E&P) Xii Llc sold 6,575,000 shares of Ring Energy stock. The stock was sold at an average price of $1.23, for a total transaction of $8,087,250.00.

Ring Energy Price Performance

Shares of NYSEAMERICAN:REI opened at $0.75 on Friday. The business has a fifty day moving average price of $0.95 and a 200-day moving average price of $1.30. 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 company has a market capitalization of $147.66 million, a PE ratio of 1.31 and a beta of 1.55. Ring Energy, Inc. has a 1-year low of $0.73 and a 1-year high of $2.06.

Institutional Trading of Ring Energy

Several institutional investors have recently bought and sold shares of the company. Mraz Amerine & Associates Inc. purchased a new position in Ring Energy in the fourth quarter worth about $27,000. Arkadios Wealth Advisors raised its holdings in Ring Energy by 97.7% in the 1st quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company's stock worth $27,000 after acquiring an additional 11,579 shares during the last quarter. CWM LLC raised its holdings in Ring Energy by 99.3% in the 1st quarter. CWM LLC now owns 27,773 shares of the company's stock worth $32,000 after acquiring an additional 13,840 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its position in Ring Energy by 95.2% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company's stock valued at $33,000 after acquiring an additional 13,996 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Ring Energy by 204.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company's stock valued at $36,000 after purchasing an additional 17,574 shares during the last quarter. 77.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REI has been the subject of a number of analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of Ring Energy in a research note on Friday, March 7th. Industrial Alliance Securities set a $2.50 price target on Ring Energy in a research note on Friday, March 7th.

Check Out Our Latest Report on REI

Ring Energy Company Profile

(Get Free Report)

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.