Ring Energy Target of Unusually High Options Trading (NYSEAMERICAN:REI)

Ring Energy, Inc. (NYSEAMERICAN:REI) saw unusually large options trading on Wednesday. Investors purchased 5,435 call options on the company. This represents an increase of approximately 83% compared to the average daily volume of 2,962 call options.

Ring Energy Price Performance

Shares of NYSEAMERICAN:REI traded up $0.05 on Wednesday, reaching $0.99. 895,381 shares of the company traded hands, compared to its average volume of 1,678,170. The stock has a market capitalization of $205.77 million, a PE ratio of -14.18 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.55 and a quick ratio of 0.50. The company’s 50 day moving average is $0.91 and its 200-day moving average is $0.93. Ring Energy has a fifty-two week low of $0.72 and a fifty-two week high of $1.48.

Ring Energy (NYSEAMERICAN:REI) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $78.60 million for the quarter, compared to the consensus estimate of $83.20 million. Ring Energy had a positive return on equity of 6.07% and a negative net margin of 5.01%. As a group, analysts anticipate that Ring Energy will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ring Energy

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Ring Energy by 18.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,613,683 shares of the company’s stock worth $11,569,000 after acquiring an additional 1,617,668 shares during the last quarter. Barclays PLC lifted its position in shares of Ring Energy by 32.8% during the 3rd quarter. Barclays PLC now owns 8,000,090 shares of the company’s stock worth $8,720,000 after purchasing an additional 1,975,000 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Ring Energy by 22.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,051,151 shares of the company’s stock valued at $4,805,000 after purchasing an additional 1,109,514 shares during the period. UBS Group AG boosted its stake in Ring Energy by 16.9% during the 3rd quarter. UBS Group AG now owns 3,933,268 shares of the company’s stock valued at $4,287,000 after purchasing an additional 569,626 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Ring Energy by 28.6% in the 1st quarter. AQR Capital Management LLC now owns 3,350,472 shares of the company’s stock valued at $3,853,000 after buying an additional 744,284 shares during the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

Ring Energy Company Profile

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.