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

Ring Energy, Inc. (NYSEAMERICAN:REI) was the recipient of some unusual options trading activity on Monday. Stock traders bought 10,269 call options on the stock. This represents an increase of 1,045% compared to the average daily volume of 897 call options.

Ring Energy Price Performance

Shares of Ring Energy stock traded down $0.03 during trading on Monday, hitting $1.64. 722,890 shares of the company’s stock traded hands, compared to its average volume of 1,738,980. The firm has a market cap of $325.00 million, a P/E ratio of 4.18 and a beta of 1.63. Ring Energy has a twelve month low of $1.25 and a twelve month high of $2.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.45 and a current ratio of 0.50.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Ring Energy had a return on equity of 10.94% and a net margin of 18.41%. The company had revenue of $99.14 million for the quarter, compared to the consensus estimate of $98.29 million. As a group, research analysts expect that Ring Energy will post 0.43 EPS for the current fiscal year.

Insider Activity at Ring Energy

In related news, major shareholder Warburg Pincus & Co Us, Llc sold 6,200,000 shares of the 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 sale, the insider now owns 39,920,643 shares in the company, valued at $65,469,854.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Ring Energy

A number of large investors have recently bought and sold shares of the stock. IPG Investment Advisors LLC bought a new stake in Ring Energy during the fourth quarter worth about $235,000. RPO LLC bought a new stake in Ring Energy during the 4th quarter worth approximately $77,000. CastleKnight Management LP bought a new stake in Ring Energy during the 4th quarter worth approximately $145,000. Quadrature Capital Ltd increased its holdings in Ring Energy by 72.4% during the 4th quarter. Quadrature Capital Ltd now owns 224,295 shares of the company’s stock valued at $327,000 after purchasing an additional 94,189 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new position in Ring Energy in the first quarter worth $86,000. 77.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Ring Energy from a “hold” rating to a “buy” rating in a research note 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.