Warburg Pincus (E&P) Xii Llc Sells 193,940 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 193,940 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $0.82, for a total transaction of $159,030.80. Following the completion of the sale, the insider now directly owns 26,401,057 shares in the company, valued at $21,648,866.74. This trade represents a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Warburg Pincus (E&P) Xii Llc also recently made the following trade(s):

• On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The shares were sold at an average price of $0.81, for a total value 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 value 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 shares were 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 Stock Performance

Shares of Ring Energy stock traded up $0.01 during trading on Monday, hitting $0.83. 1,867,289 shares of the stock were exchanged, compared to its average volume of 1,874,830. The stock’s fifty day moving average is $0.98 and its 200 day moving average is $1.32. The stock has a market cap of $164.51 million, a PE ratio of 1.46 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54. Ring Energy, Inc. has a 12 month low of $0.78 and a 12 month high of $2.06.

Analysts Set New Price Targets

A number of brokerages have issued reports on REI. Industrial Alliance Securities set a $2.50 target price on Ring Energy in a research report on Friday, March 7th. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a research report on Friday, March 7th.

Institutional Investors Weigh In On Ring Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of Ring Energy by 1.0% during the 4th quarter. Ameriprise Financial Inc. now owns 5,332,208 shares of the company’s stock valued at $7,252,000 after purchasing an additional 51,577 shares in the last quarter. 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 buying an additional 744,284 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ring Energy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 3,060,543 shares of the company’s stock valued at $4,163,000 after acquiring an additional 89,614 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Ring Energy by 358.0% in the 4th quarter. Millennium Management LLC now owns 1,082,632 shares of the company’s stock worth $1,472,000 after acquiring an additional 846,241 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Ring Energy in the 4th quarter valued at $1,378,000. 77.14% of the stock is currently owned by institutional investors and hedge funds.

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.