Signaturefd LLC Buys New Position in Ring Energy (REI)

Signaturefd LLC bought a new stake in Ring Energy (NYSEAMERICAN:REI) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 21,500 shares of the company’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in Ring Energy by 13.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 246,837 shares of the company’s stock worth $3,432,000 after acquiring an additional 29,816 shares in the last quarter. Northpointe Capital LLC grew its holdings in shares of Ring Energy by 18.1% during the fourth quarter. Northpointe Capital LLC now owns 295,112 shares of the company’s stock worth $4,102,000 after buying an additional 45,142 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Ring Energy by 12.0% during the fourth quarter. Fisher Asset Management LLC now owns 226,201 shares of the company’s stock worth $3,144,000 after buying an additional 24,307 shares in the last quarter. Perkins Capital Management Inc. grew its holdings in shares of Ring Energy by 767.3% during the fourth quarter. Perkins Capital Management Inc. now owns 86,725 shares of the company’s stock worth $1,205,000 after buying an additional 76,725 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Ring Energy by 274.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 321,598 shares of the company’s stock worth $4,470,000 after buying an additional 235,598 shares in the last quarter.

Shares of REI opened at $16.29 on Thursday. Ring Energy has a 12-month low of $15.77 and a 12-month high of $16.12.

Ring Energy (NYSEAMERICAN:REI) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). Ring Energy had a net margin of 18.47% and a return on equity of 3.75%. The firm had revenue of $29.89 million during the quarter, compared to analysts’ expectations of $29.57 million.

A number of equities research analysts have recently issued reports on the stock. Stephens reaffirmed a “buy” rating and set a $19.00 target price on shares of Ring Energy in a report on Tuesday, April 24th. B. Riley set a $20.00 target price on shares of Ring Energy and gave the stock a “buy” rating in a report on Tuesday, March 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.00.

About Ring Energy

Ring Energy, Inc, an exploration and production company, acquires, explores for, develops, and produces oil and natural gas in Texas, the United States. As of December 31, 2017, the company's proved reserves consisted of approximately 31.9 million barrel of oil equivalent. As of the above date, it also had interests in 8,102 net developed acres and 61,772 net undeveloped acres in Andrews and Gaines counties; and 10,235 net developed acres and 9,682 net undeveloped acres in Culberson and Reeves counties.

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Institutional Ownership by Quarter for Ring Energy (NYSEAMERICAN:REI)

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