John A. Crum Acquires 50,000 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) Director John A. Crum acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average price of $1.15 per share, with a total value of $57,500.00. Following the completion of the transaction, the director now owns 564,125 shares of the company’s stock, valued at $648,743.75. This trade represents a 9.73 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ring Energy Trading Down 12.2 %

NYSEAMERICAN REI opened at $0.94 on Friday. 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 fifty day moving average of $1.27. Ring Energy, Inc. has a 12 month low of $0.90 and a 12 month high of $2.20. The stock has a market cap of $186.19 million, a price-to-earnings ratio of 1.65 and a beta of 1.55.

Analyst Ratings Changes

Several analysts have recently weighed in on REI shares. Alliance Global Partners reiterated 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 shares of Ring Energy in a research note on Friday, March 7th.

Institutional Investors Weigh In On Ring Energy

Several large investors have recently made changes to their positions in the business. CreativeOne Wealth LLC bought a new stake in shares of Ring Energy during the third quarter valued at about $26,000. Mraz Amerine & Associates Inc. bought a new stake in Ring Energy during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC increased its holdings 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 worth $36,000 after acquiring an additional 17,574 shares during the period. Virtu Financial LLC purchased a new stake in Ring Energy in the 3rd quarter worth approximately $39,000. Finally, R Squared Ltd bought a new position in Ring Energy in the 4th quarter valued at $41,000. 77.14% of the stock is owned by hedge funds and other institutional investors.

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.