Stock Traders Buy High Volume of Ring Energy Call Options (NYSEAMERICAN:REI)

Ring Energy, Inc. (NYSEAMERICAN:REI) saw unusually large options trading on Tuesday. Stock traders bought 10,281 call options on the company. This represents an increase of 914% compared to the typical daily volume of 1,014 call options.

Institutional Investors Weigh In On Ring Energy

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Ring Energy by 34.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company’s stock worth $4,754,000 after acquiring an additional 763,907 shares during the period. Franklin Resources Inc. grew its holdings in Ring Energy by 2,244.6% in the third quarter. Franklin Resources Inc. now owns 235,168 shares of the company’s stock valued at $381,000 after purchasing an additional 225,138 shares during the last quarter. Barclays PLC increased its position in shares of Ring Energy by 272.6% in the third quarter. Barclays PLC now owns 194,186 shares of the company’s stock valued at $311,000 after buying an additional 142,074 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Ring Energy during the 3rd quarter worth $96,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Ring Energy by 4,564.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock worth $4,938,000 after buying an additional 3,020,092 shares in the last quarter. 77.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ring Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Ring Energy Price Performance

Shares of REI traded down $0.02 during mid-day trading on Tuesday, hitting $1.47. 937,616 shares of the company’s stock were exchanged, compared to its average volume of 1,876,496. 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 has a fifty-two week low of $1.21 and a fifty-two week high of $2.20. The company has a market capitalization of $290.36 million, a price-to-earnings ratio of 2.57 and a beta of 1.58.

Ring Energy (NYSEAMERICAN:REI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The firm had revenue of $89.24 million for the quarter, compared to analyst estimates of $83.27 million. On average, equities research analysts anticipate that Ring Energy will post 0.33 earnings per share for the current 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.