Ring Energy, Inc. (NYSEAMERICAN:REI) CEO Acquires $216,000.00 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) CEO Paul D. Mckinney bought 200,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $1.08 per share, for a total transaction of $216,000.00. Following the completion of the purchase, the chief executive officer now owns 2,966,054 shares in the company, valued at approximately $3,203,338.32. This trade represents a 7.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ring Energy Trading Down 0.9 %

NYSEAMERICAN:REI traded down $0.01 during trading hours on Tuesday, hitting $1.09. 2,350,353 shares of the company traded hands, compared to its average volume of 1,873,441. The stock’s 50-day moving average price is $1.35. Ring Energy, Inc. has a twelve month low of $1.05 and a twelve month 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. The company has a market capitalization of $216.04 million, a PE ratio of 1.91 and a beta of 1.55.

Institutional Trading of Ring Energy

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Ring Energy by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 153,156 shares of the company’s stock worth $209,000 after buying an additional 9,805 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Ring Energy by 29.2% during the fourth quarter. MetLife Investment Management LLC now owns 54,504 shares of the company’s stock worth $74,000 after acquiring an additional 12,312 shares during the last quarter. State Street Corp raised its position in shares of Ring Energy by 0.6% during the third quarter. State Street Corp now owns 2,398,808 shares of the company’s stock worth $3,838,000 after acquiring an additional 13,495 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Ring Energy by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 41,736 shares of the company’s stock valued at $57,000 after acquiring an additional 13,733 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of Ring Energy by 51.2% in the 4th quarter. Vident Advisory LLC now owns 43,557 shares of the company’s stock valued at $59,000 after purchasing an additional 14,753 shares during the last quarter. 77.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on REI shares. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a report on Friday. StockNews.com lowered shares of Ring Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Industrial Alliance Securities set a $2.50 price target on shares of Ring Energy in a report on Friday.

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.