Ring Energy, Inc. (NYSEAMERICAN:REI – Get Free Report) major shareholder Warburg Pincus & Co Us, Llc sold 6,200,000 shares of Ring Energy stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $1.64, for a total value of $10,168,000.00. Following the completion of the transaction, the insider now owns 39,920,643 shares in the company, valued at approximately $65,469,854.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Ring Energy Stock Down 2.3 %
Ring Energy stock opened at $1.67 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.45. Ring Energy, Inc. has a 52 week low of $1.25 and a 52 week high of $2.20. The stock has a market cap of $330.94 million, a P/E ratio of 4.18 and a beta of 1.63.
Ring Energy (NYSEAMERICAN:REI – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Ring Energy had a return on equity of 10.94% and a net margin of 18.41%. The firm had revenue of $99.14 million during the quarter, compared to the consensus estimate of $98.29 million. Research analysts anticipate that Ring Energy, Inc. will post 0.43 EPS for the current year.
Institutional Investors Weigh In On Ring Energy
Wall Street Analyst Weigh In
Separately, StockNews.com raised Ring Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.
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.
Featured Stories
- Five stocks we like better than Ring Energy
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Using the MarketBeat Dividend Yield Calculator
- MarketBeat Week in Review – 9/16 – 9/20
- What is a Stock Market Index and How Do You Use Them?
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Ring Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ring Energy and related companies with MarketBeat.com's FREE daily email newsletter.