Warburg Pincus (E&P) Xii Llc Sells 406,408 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock in a transaction on Friday, May 16th. The shares were sold at an average price of $0.81, for a total transaction of $329,190.48. Following the completion of the transaction, the insider now owns 26,594,997 shares in the company, valued at approximately $21,541,947.57. This trade represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 value of $159,030.80.
• On Thursday, May 15th, Warburg Pincus (E&P) Xii Llc sold 554,102 shares of Ring Energy stock. The shares were sold at an average price of $0.84, for a total value 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 value of $577,377.71.
• On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The shares were sold at an average price of $0.89, for a total value 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 shares were sold at an average price of $1.23, for a total transaction of $8,087,250.00.

Ring Energy Trading Down 5.4%

Shares of REI opened at $0.79 on Wednesday. The stock’s 50-day moving average is $0.96 and its two-hundred day moving average is $1.31. The stock has a market cap of $155.59 million, a PE ratio of 1.38 and a beta of 1.55. Ring Energy, Inc. has a 12 month low of $0.78 and a 12 month high of $2.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49.

Analysts Set New Price Targets

REI has been the subject of several research reports. 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 target price on shares of Ring Energy in a report on Friday, March 7th.

Institutional Investors Weigh In On Ring Energy

A number of large investors have recently modified their holdings of REI. Mraz Amerine & Associates Inc. purchased a new stake in Ring Energy during the 4th quarter worth $27,000. Arkadios Wealth Advisors grew its stake in shares of Ring Energy by 97.7% during the first quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company’s stock valued at $27,000 after acquiring an additional 11,579 shares in the last quarter. CWM LLC increased its position in shares of Ring Energy by 99.3% during the first quarter. CWM LLC now owns 27,773 shares of the company’s stock worth $32,000 after acquiring an additional 13,840 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its stake in shares of Ring Energy by 95.2% in the first quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company’s stock worth $33,000 after acquiring an additional 13,996 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Ring Energy by 204.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

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.