Barclays PLC Grows Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

Barclays PLC raised its position in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 272.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,186 shares of the company’s stock after acquiring an additional 142,074 shares during the period. Barclays PLC owned approximately 0.10% of Ring Energy worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Ring Energy by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,264,640 shares of the company’s stock valued at $2,137,000 after acquiring an additional 122,851 shares during the last quarter. Rhumbline Advisers raised its position in Ring Energy by 14.6% during the second quarter. Rhumbline Advisers now owns 196,408 shares of the company’s stock valued at $332,000 after purchasing an additional 24,993 shares during the period. Caprock Group LLC lifted its stake in shares of Ring Energy by 44.0% in the 2nd quarter. Caprock Group LLC now owns 21,776 shares of the company’s stock valued at $37,000 after purchasing an additional 6,655 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Ring Energy by 42.6% in the 2nd quarter. American Century Companies Inc. now owns 1,967,501 shares of the company’s stock worth $3,325,000 after purchasing an additional 587,690 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Ring Energy by 50.4% during the 2nd quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock valued at $1,331,000 after purchasing an additional 264,010 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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 stock opened at $1.44 on Friday. Ring Energy, Inc. has a 52-week low of $1.21 and a 52-week high of $2.20. The company has a market cap of $285.41 million, a P/E ratio of 2.53 and a beta of 1.59. 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 (NYSEAMERICAN:REI) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The business had revenue of $89.24 million for the quarter, compared to analyst estimates of $83.27 million. Sell-side analysts expect that Ring Energy, Inc. will post 0.34 EPS for the current year.

Insider Activity

In related news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the completion of the transaction, the insider now owns 35,520,643 shares of the company’s stock, valued at $57,543,441.66. This trade represents a 11.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

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.