Barclays PLC Acquires 142,074 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

Barclays PLC lifted its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 272.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,186 shares of the company’s stock after purchasing an additional 142,074 shares during the quarter. Barclays PLC owned 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. Geode Capital Management LLC boosted its holdings in Ring Energy by 34.6% in the third quarter. Geode Capital Management LLC now owns 2,970,929 shares of the company’s stock worth $4,754,000 after purchasing an additional 763,907 shares during the last quarter. American Century Companies Inc. boosted its stake 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 buying an additional 587,690 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Ring Energy by 50.4% in the second quarter. Renaissance Technologies LLC now owns 787,600 shares of the company’s stock worth $1,331,000 after acquiring an additional 264,010 shares during the period. XTX Topco Ltd increased its position in Ring Energy by 399.8% during the second quarter. XTX Topco Ltd now owns 241,869 shares of the company’s stock valued at $409,000 after acquiring an additional 193,474 shares during the last quarter. Finally, ClearAlpha Technologies LP purchased a new stake in Ring Energy during the third quarter valued at $250,000. 77.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ring Energy Trading Up 1.4 %

Shares of REI stock opened at $1.48 on Monday. Ring Energy, Inc. has a 52 week low of $1.21 and a 52 week high of $2.20. The firm has a market capitalization of $293.34 million, a price-to-earnings ratio of 2.60 and a beta of 1.58. 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 data on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $89.24 million for the quarter, compared to the consensus estimate of $83.27 million. Ring Energy had a return on equity of 9.21% and a net margin of 29.44%. On average, sell-side analysts forecast that Ring Energy, Inc. will post 0.34 EPS 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.