Y Intercept Hong Kong Ltd Takes Position in Ring Energy, Inc. $REI

Y Intercept Hong Kong Ltd purchased a new position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 121,716 shares of the company’s stock, valued at approximately $97,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in Ring Energy during the 1st quarter valued at about $503,000. Jefferies Financial Group Inc. purchased a new stake in shares of Ring Energy in the first quarter valued at about $1,092,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Ring Energy by 49.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 142,653 shares of the company’s stock valued at $113,000 after purchasing an additional 46,945 shares during the last quarter. CWM LLC grew its position in shares of Ring Energy by 99.3% in the first quarter. CWM LLC now owns 27,773 shares of the company’s stock valued at $32,000 after purchasing an additional 13,840 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Ring Energy during the 1st quarter worth approximately $84,000. 77.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Ring Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2.50.

Ring Energy Trading Down 0.3%

Shares of REI stock opened at $0.94 on Monday. The company has a market capitalization of $195.20 million, a price-to-earnings ratio of -13.46 and a beta of 0.93. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $1.02 and a 200 day moving average price of $0.90. Ring Energy, Inc. has a twelve month low of $0.72 and a twelve month high of $1.73.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $78.60 million during the quarter, compared to the consensus estimate of $83.20 million. Ring Energy had a negative net margin of 5.01% and a positive return on equity of 6.07%. Research analysts forecast that Ring Energy, Inc. will post 0.33 earnings per share for the current fiscal year.

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.