Ring Energy Sees Unusually High Options Volume (NYSEAMERICAN:REI)

Ring Energy, Inc. (NYSEAMERICAN:REI) was the target of some unusual options trading activity on Tuesday. Stock traders bought 10,281 call options on the company. This represents an increase of approximately 914% compared to the typical volume of 1,014 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CreativeOne Wealth LLC bought a new stake in Ring Energy during the third quarter valued at $26,000. Ullmann Wealth Partners Group LLC boosted its position in shares of Ring Energy by 58.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,583 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ring Energy during the 3rd quarter worth about $39,000. Catalina Capital Group LLC boosted its position in shares of Ring Energy by 38.7% during the 3rd quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock worth $58,000 after purchasing an additional 10,201 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Ring Energy during the 2nd quarter worth about $60,000. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Ring Energy Stock Performance

Shares of REI stock opened at $1.48 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.54 and a quick ratio of 0.49. The company has a market capitalization of $293.34 million, a P/E ratio of 2.60 and a beta of 1.58. Ring Energy has a 1 year low of $1.21 and a 1 year high of $2.20.

Ring Energy (NYSEAMERICAN:REI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $83.27 million. On average, equities research analysts expect that Ring Energy will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

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

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.