Ring Energy Sees Unusually Large Options Volume (NYSEAMERICAN:REI)

Ring Energy, Inc. (NYSEAMERICAN:REI - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 10,281 call options on the company. This represents an increase of approximately 914% compared to the average daily volume of 1,014 call options.

Institutional Trading of Ring Energy

Hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its stake in shares of Ring Energy by 8.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 71,469 shares of the company's stock valued at $121,000 after acquiring an additional 5,672 shares during the last quarter. Ullmann Wealth Partners Group LLC increased its position in Ring Energy by 58.8% during the third 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 last quarter. The Manufacturers Life Insurance Company raised its stake in Ring Energy by 15.7% during the second quarter. The Manufacturers Life Insurance Company now owns 60,334 shares of the company's stock worth $102,000 after purchasing an additional 8,165 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of Ring Energy by 38.7% in the 3rd quarter. Catalina Capital Group LLC now owns 36,530 shares of the company's stock valued at $58,000 after purchasing an additional 10,201 shares during the last quarter. Finally, State Street Corp grew 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 valued at $3,838,000 after buying an additional 13,495 shares during the period. Institutional investors and hedge funds own 77.14% of the company's stock.

Ring Energy Stock Performance

NYSEAMERICAN REI remained flat at $1.48 during trading hours on Tuesday. 2,132,489 shares of the company were exchanged, compared to its average volume of 1,997,196. Ring Energy has a 12-month low of $1.21 and a 12-month high of $2.20. The firm has a market cap of $293.34 million, a PE ratio of 2.60 and a beta of 1.58. 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 (NYSEAMERICAN:REI - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.07 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 firm had revenue of $89.24 million for the quarter, compared to analysts' expectations of $83.27 million. As a group, research analysts expect that Ring Energy will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ring Energy from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

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.