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

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) Director Regina Roesener sold 16,000 shares of Ring Energy stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $1.25, for a total value of $20,000.00. Following the sale, the director now directly owns 430,262 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ring Energy Stock Up 6.4 %

Shares of REI traded up $0.08 on Monday, hitting $1.33. The company's stock had a trading volume of 2,849,107 shares, compared to its average volume of 1,801,395. The company has a market capitalization of $263.61 million, a P/E ratio of 2.33 and a beta of 1.59. Ring Energy, Inc. has a fifty-two week low of $1.21 and a fifty-two week high of $2.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49.

Ring Energy (NYSEAMERICAN:REI - Get Free Report) last released 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 return on equity of 9.21% and a net margin of 29.44%. The business had revenue of $89.24 million during the quarter, compared to analysts' expectations of $83.27 million. As a group, sell-side analysts predict that Ring Energy, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Ring Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Ring Energy by 4,564.9% during the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company's stock worth $4,938,000 after buying an additional 3,020,092 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Ring Energy by 34.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company's stock valued at $4,754,000 after acquiring an additional 763,907 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ring Energy by 42.6% during the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company's stock valued at $3,325,000 after acquiring an additional 587,690 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 264,010 shares during the period. Finally, Franklin Resources Inc. boosted its position 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 worth $381,000 after purchasing an additional 225,138 shares during the last quarter. Institutional investors own 77.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ring Energy from a "buy" rating to a "hold" rating in a research note 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.