Warburg Pincus (E&P) Xii Llc Sells 495,278 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI) Stock

Ring Energy, Inc. (NYSEAMERICAN:REI) major shareholder Warburg Pincus (E&P) Xii Llc sold 495,278 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $0.76, for a total transaction of $376,411.28. Following the completion of the transaction, the insider now owns 25,723,126 shares in the company, valued at approximately $19,549,575.76. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 4th, Warburg Pincus (E&P) Xii Llc sold 321,289 shares of Ring Energy stock. The stock was sold at an average price of $0.76, for a total transaction of $244,179.64.
• On Tuesday, June 3rd, Warburg Pincus (E&P) Xii Llc sold 521,232 shares of Ring Energy stock. The shares were sold at an average price of $0.79, for a total value of $411,773.28.
• On Wednesday, May 28th, Warburg Pincus (E&P) Xii Llc sold 31,171 shares of Ring Energy stock. The stock was sold at an average price of $0.80, for a total value of $24,936.80.
• On Tuesday, May 27th, Warburg Pincus (E&P) Xii Llc sold 55,700 shares of Ring Energy stock. The shares were sold at an average price of $0.80, for a total value of $44,560.00.
• On Tuesday, May 20th, Warburg Pincus (E&P) Xii Llc sold 95,782 shares of Ring Energy stock. The stock was sold at an average price of $0.80, for a total value of $76,625.60.
• On Monday, May 19th, Warburg Pincus (E&P) Xii Llc sold 193,940 shares of Ring Energy stock. The shares were sold at an average price of $0.82, for a total transaction of $159,030.80.
• On Friday, May 16th, Warburg Pincus (E&P) Xii Llc sold 406,408 shares of Ring Energy stock. The stock was sold at an average price of $0.81, for a total transaction of $329,190.48.
• On Thursday, May 15th, Warburg Pincus (E&P) Xii Llc sold 554,102 shares of Ring Energy stock. The shares were 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 shares were sold at an average price of $0.91, for a total transaction of $577,377.71.
• On Wednesday, May 14th, Warburg Pincus (E&P) Xii Llc sold 455,655 shares of Ring Energy stock. The shares were sold at an average price of $0.89, for a total transaction of $405,532.95.

Ring Energy Price Performance

REI stock opened at $0.77 on Friday. The firm has a 50 day moving average of $0.85 and a 200-day moving average of $1.26. The firm has a market capitalization of $153.05 million, a P/E ratio of 1.35 and a beta of 1.55. Ring Energy, Inc. has a 12 month low of $0.72 and a 12 month high of $2.06. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on REI. Industrial Alliance Securities set a $2.50 price target 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 note on Friday, March 7th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mraz Amerine & Associates Inc. purchased a new position in shares of Ring Energy during the 4th quarter valued at $27,000. Arkadios Wealth Advisors boosted its stake in Ring Energy by 97.7% during the first quarter. Arkadios Wealth Advisors now owns 23,429 shares of the company’s stock valued at $27,000 after buying an additional 11,579 shares during the period. Tower Research Capital LLC TRC boosted its stake in Ring Energy by 204.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,187 shares of the company’s stock valued at $36,000 after buying an additional 17,574 shares during the period. CWM LLC grew its position in Ring Energy by 99.3% during the first quarter. CWM LLC now owns 27,773 shares of the company’s stock worth $32,000 after buying an additional 13,840 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC increased its stake in Ring Energy by 95.2% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 28,698 shares of the company’s stock worth $33,000 after acquiring an additional 13,996 shares during the last quarter. 77.14% of the stock is owned by institutional investors.

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.