DGS Capital Management LLC Cuts Stake in Ring Energy, Inc. (NYSEAMERICAN:REI)

DGS Capital Management LLC cut its stake in Ring Energy, Inc. (NYSEAMERICAN:REI) by 37.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,164 shares of the company’s stock after selling 29,067 shares during the quarter. DGS Capital Management LLC’s holdings in Ring Energy were worth $67,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Ring Energy by 112.5% during the fourth quarter. SG Americas Securities LLC now owns 147,280 shares of the company’s stock worth $200,000 after buying an additional 77,963 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ring Energy by 4,564.9% in the third quarter. JPMorgan Chase & Co. now owns 3,086,251 shares of the company’s stock valued at $4,938,000 after purchasing an additional 3,020,092 shares during the period. Franklin Resources Inc. increased its position in Ring Energy by 2,244.6% during the third quarter. Franklin Resources Inc. now owns 235,168 shares of the company’s stock worth $381,000 after purchasing an additional 225,138 shares during the last quarter. Virtu Financial LLC purchased a new position in Ring Energy during the third quarter worth about $39,000. Finally, Barclays PLC boosted its holdings in Ring Energy by 272.6% in the 3rd quarter. Barclays PLC now owns 194,186 shares of the company’s stock valued at $311,000 after purchasing an additional 142,074 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ring Energy Stock Down 3.5 %

Shares of NYSEAMERICAN:REI opened at $1.39 on Monday. Ring Energy, Inc. has a one year low of $1.21 and a one year high of $2.20. The stock has a market capitalization of $275.50 million, a PE ratio of 2.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49.

Ring Energy (NYSEAMERICAN:REI) last released its earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $89.24 million during the quarter, compared to analysts’ expectations of $83.27 million. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. Sell-side analysts predict that Ring Energy, Inc. will post 0.33 earnings per share for the current fiscal year.

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.