Warburg Pincus (E&P) Xii Llc Sells 95,782 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 95,782 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $0.80, for a total transaction of $76,625.60. Following the sale, the insider now owns 26,305,275 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $0.82, for a total transaction of $159,030.80.
• On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The stock was 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 transaction of $465,445.68.
• On Tuesday, May 13th, Warburg Pincus (E&P) Xii Llc sold 634,481 shares of Ring Energy stock. The stock was sold at an average price of $0.91, for a total transaction of $577,377.71.
• On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The stock was 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 Trading Up 6.0%

Ring Energy stock opened at $0.79 on Friday. The firm has a 50 day simple moving average of $0.94 and a 200-day simple moving average 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 stock has a market capitalization of $156.48 million, a PE ratio of 1.39 and a beta of 1.55. Ring Energy, Inc. has a 12-month low of $0.73 and a 12-month high of $2.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Ring Energy in the 4th quarter valued at about $1,378,000. Jefferies Financial Group Inc. acquired a new stake in Ring Energy in the 1st quarter valued at about $1,092,000. Segall Bryant & Hamill LLC acquired a new stake in Ring Energy in the 4th quarter valued at about $1,167,000. Millennium Management LLC lifted its holdings in Ring Energy by 358.0% in the 4th quarter. Millennium Management LLC now owns 1,082,632 shares of the company’s stock valued at $1,472,000 after acquiring an additional 846,241 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Ring Energy by 28.6% in the 1st quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company’s stock valued at $3,853,000 after acquiring an additional 744,284 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on REI. Industrial Alliance Securities set a $2.50 price target on shares of Ring Energy in a research report on Friday, March 7th. Alliance Global Partners reissued a “buy” rating on shares of Ring Energy in a research note on Friday, March 7th.

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.