WINTON GROUP Ltd Acquires 529,838 Shares of Ring Energy, Inc. $REI

WINTON GROUP Ltd raised its holdings in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 264.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 729,892 shares of the company’s stock after acquiring an additional 529,838 shares during the period. WINTON GROUP Ltd’s holdings in Ring Energy were worth $796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barry Investment Advisors LLC lifted its stake in shares of Ring Energy by 150.0% in the 3rd quarter. Barry Investment Advisors LLC now owns 25,000 shares of the company’s stock valued at $27,000 after acquiring an additional 15,000 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Ring Energy during the 3rd quarter worth approximately $31,000. Valeo Financial Advisors LLC purchased a new position in Ring Energy in the 2nd quarter worth approximately $25,000. Dynamic Technology Lab Private Ltd purchased a new position in Ring Energy in the 1st quarter worth approximately $42,000. Finally, SG Americas Securities LLC bought a new stake in Ring Energy in the third quarter valued at approximately $42,000. 77.14% of the stock is owned by institutional investors.

Ring Energy Trading Down 3.6%

Shares of NYSEAMERICAN REI traded down $0.05 during trading hours on Friday, hitting $1.47. The company’s stock had a trading volume of 1,202,335 shares, compared to its average volume of 4,046,296. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.56 and a current ratio of 0.61. The stock has a market cap of $306.98 million, a price-to-earnings ratio of -9.16 and a beta of 0.83. Ring Energy, Inc. has a 12 month low of $0.72 and a 12 month high of $1.64. The business has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.05.

Ring Energy (NYSEAMERICAN:REI) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $66.88 million during the quarter, compared to analysts’ expectations of $71.35 million. Ring Energy had a positive return on equity of 5.13% and a negative net margin of 11.31%. On average, analysts anticipate that Ring Energy, Inc. will post 0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Ring Energy to a “hold” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2.50.

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.