17,079,382 Shares in Ring Energy, Inc. $REI Acquired by PEAK6 LLC

PEAK6 LLC bought a new stake in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,079,382 shares of the company’s stock, valued at approximately $18,446,000. PEAK6 LLC owned about 0.08% of Ring Energy as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Centiva Capital LP purchased a new stake in shares of Ring Energy in the third quarter valued at $26,000. DGS Capital Management LLC lifted its holdings in Ring Energy by 65.4% in the 4th quarter. DGS Capital Management LLC now owns 31,196 shares of the company’s stock valued at $27,000 after purchasing an additional 12,331 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Ring Energy during the 4th quarter worth about $31,000. Jump Financial LLC purchased a new stake in shares of Ring Energy during the second quarter worth about $31,000. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Ring Energy by 90.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,861 shares of the company’s stock valued at $32,000 after buying an additional 17,461 shares during the period. 77.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on REI shares. Zacks Research downgraded Ring Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Bank of America assumed coverage on shares of Ring Energy in a research report on Wednesday, July 15th. They set a “buy” rating and a $2.00 price target for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2.00.

Insider Buying and Selling at Ring Energy

In other news, CEO Paul D. Mckinney purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $1.19 per share, with a total value of $59,500.00. Following the purchase, the chief executive officer directly owned 4,158,463 shares of the company’s stock, valued at approximately $4,948,570.97. This represents a 1.22% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sundip Singh Johl bought 231,000 shares of the stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $1.21 per share, with a total value of $279,510.00. Following the completion of the purchase, the executive vice president directly owned 548,460 shares of the company’s stock, valued at approximately $663,636.60. This represents a 72.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by corporate insiders.

Ring Energy Price Performance

Ring Energy stock opened at $1.48 on Monday. Ring Energy, Inc. has a 52-week low of $0.83 and a 52-week high of $2.00. The firm has a market capitalization of $385.57 million, a P/E ratio of -1.35, a PEG ratio of 0.32 and a beta of 0.79. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $1.22 and a 200-day moving average of $1.35.

Ring Energy (NYSEAMERICAN:REI) last issued its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $104.68 million during the quarter, compared to the consensus estimate of $93.29 million. Ring Energy had a positive return on equity of 5.55% and a negative net margin of 68.02%. As a group, analysts predict that Ring Energy, Inc. will post 0.11 EPS for the current year.

About Ring Energy

Ring Energy, Inc is an independent oil and natural gas exploration and production company focused on the development, acquisition and operation of upstream assets in the United States. Headquartered in Odessa, Texas, the company concentrates its activities on onshore hydrocarbon plays, where it seeks to optimize production through technical innovation, cost management and disciplined capital allocation. Ring Energy trades on the NYSE American under the ticker symbol REI.

The company’s core operations are centered in the Permian Basin, one of North America’s most prolific oil-producing regions.