Ring Energy, Inc. (NYSEAMERICAN:REI) Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd increased its position in Ring Energy, Inc. (NYSEAMERICAN:REI) by 72.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,295 shares of the company’s stock after acquiring an additional 94,189 shares during the period. Quadrature Capital Ltd owned approximately 0.11% of Ring Energy worth $327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in Ring Energy by 301.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,546,575 shares of the company’s stock valued at $6,916,000 after buying an additional 2,662,744 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Ring Energy by 57.1% during the 3rd quarter. GSA Capital Partners LLP now owns 373,378 shares of the company’s stock valued at $728,000 after buying an additional 135,635 shares during the last quarter. Investment Advisory Services Inc. TX ADV acquired a new stake in Ring Energy during the 4th quarter valued at $73,000. SG Americas Securities LLC boosted its holdings in shares of Ring Energy by 12.4% during the fourth quarter. SG Americas Securities LLC now owns 70,037 shares of the company’s stock worth $102,000 after purchasing an additional 7,729 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Ring Energy during the fourth quarter worth $111,000. Institutional investors and hedge funds own 77.14% of the company’s stock.

Ring Energy Stock Performance

REI stock opened at $1.57 on Wednesday. Ring Energy, Inc. has a 52-week low of $1.25 and a 52-week high of $2.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.45 and a current ratio of 0.50. The firm has a market cap of $310.77 million, a PE ratio of 3.93 and a beta of 1.65.

Ring Energy (NYSEAMERICAN:REI) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Ring Energy had a return on equity of 11.74% and a net margin of 21.14%. The business had revenue of $94.50 million for the quarter, compared to analyst estimates of $93.42 million. Equities research analysts predict that Ring Energy, Inc. will post 0.44 EPS for the current fiscal 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.