Ring Energy Sees Unusually High Options Volume (NYSEAMERICAN:REI)

Ring Energy, Inc. (NYSEAMERICAN:REI) saw unusually large options trading on Wednesday. Investors bought 49,564 call options on the company. This is an increase of 1,725% compared to the average volume of 2,716 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Ring Energy by 18.0% during the third quarter. Vanguard Group Inc. now owns 10,613,683 shares of the company’s stock valued at $11,569,000 after purchasing an additional 1,617,668 shares in the last quarter. Barclays PLC grew its position in Ring Energy by 32.8% in the third quarter. Barclays PLC now owns 8,000,090 shares of the company’s stock worth $8,720,000 after acquiring an additional 1,975,000 shares in the last quarter. Ameriprise Financial Inc. grew its position in Ring Energy by 22.5% in the second quarter. Ameriprise Financial Inc. now owns 6,051,151 shares of the company’s stock worth $4,805,000 after acquiring an additional 1,109,514 shares in the last quarter. UBS Group AG grew its position in Ring Energy by 16.9% in the third quarter. UBS Group AG now owns 3,933,268 shares of the company’s stock worth $4,287,000 after acquiring an additional 569,626 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Ring Energy by 28.6% in the first quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company’s stock worth $3,853,000 after acquiring an additional 744,284 shares in the last quarter. Hedge funds and other institutional investors own 77.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research raised Ring Energy to a “hold” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Ring Energy has an average rating of “Moderate Buy” and an average target price of $2.50.

Ring Energy Price Performance

Shares of Ring Energy stock traded down $0.07 during trading on Friday, reaching $1.81. 684,880 shares of the stock traded hands, compared to its average volume of 4,457,043. The company has a market capitalization of $378.39 million, a price-to-earnings ratio of -11.28 and a beta of 0.77. The business has a fifty day simple moving average of $1.47 and a two-hundred day simple moving average of $1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.61 and a quick ratio of 0.56. Ring Energy has a 52-week low of $0.72 and a 52-week high of $1.89.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $66.88 million for the quarter, compared to analysts’ expectations of $71.35 million. Ring Energy had a negative net margin of 11.31% and a positive return on equity of 5.13%. Sell-side analysts expect that Ring Energy will post 0.25 EPS for the current year.

Ring Energy Company Profile

Ring Energy, Inc is an independent oil and natural gas exploration and production company focused on the development, acquisition and operation of upstream assets in the United States. Headquartered in Odessa, Texas, the company concentrates its activities on onshore hydrocarbon plays, where it seeks to optimize production through technical innovation, cost management and disciplined capital allocation. Ring Energy trades on the NYSE American under the ticker symbol REI.

The company’s core operations are centered in the Permian Basin, one of North America’s most prolific oil-producing regions.