Ring Energy, Inc. (NYSEAMERICAN:REI) Director Purchases $57,500.00 in Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) Director John A. Crum acquired 50,000 shares of Ring Energy stock in a transaction on Tuesday, April 1st. The stock was acquired at an average cost of $1.15 per share, for a total transaction of $57,500.00. Following the completion of the purchase, the director now owns 564,125 shares of the company’s stock, valued at approximately $648,743.75. The trade was a 9.73 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ring Energy Trading Down 12.2 %

REI opened at $0.94 on Friday. The company has a market cap of $186.19 million, a PE ratio of 1.65 and a beta of 1.55. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.46. Ring Energy, Inc. has a 12 month low of $0.90 and a 12 month high of $2.20. The company has a fifty day moving average of $1.27.

Institutional Trading of Ring Energy

Several hedge funds and other institutional investors have recently modified their holdings of REI. CreativeOne Wealth LLC acquired a new stake in shares of Ring Energy in the third quarter valued at approximately $26,000. Mraz Amerine & Associates Inc. bought a new position in Ring Energy in the fourth quarter valued at $27,000. Tower Research Capital LLC TRC grew its position in Ring Energy by 204.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company’s stock valued at $36,000 after purchasing an additional 17,574 shares in the last quarter. Virtu Financial LLC acquired a new stake in Ring Energy in the 3rd quarter valued at $39,000. Finally, R Squared Ltd bought a new stake in Ring Energy during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 77.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Alliance Global Partners restated a “buy” rating on shares of Ring Energy in a report on Friday, March 7th. Industrial Alliance Securities set a $2.50 price objective on shares of Ring Energy in a research report on Friday, March 7th.

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.