Ring Energy, Inc. (NYSEAMERICAN:REI) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC reduced its stake in Ring Energy, Inc. (NYSEAMERICAN:REI) by 37.2% in the 4th quarter, Holdings Channel reports. The firm owned 49,164 shares of the company’s stock after selling 29,067 shares during the quarter. DGS Capital Management LLC’s holdings in Ring Energy were worth $67,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC bought a new position in Ring Energy during the 3rd quarter valued at $26,000. Ullmann Wealth Partners Group LLC raised its stake in shares of Ring Energy by 58.8% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 20,469 shares of the company’s stock valued at $33,000 after purchasing an additional 7,583 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ring Energy during the third quarter worth about $39,000. Catalina Capital Group LLC grew its stake in Ring Energy by 38.7% in the third quarter. Catalina Capital Group LLC now owns 36,530 shares of the company’s stock worth $58,000 after purchasing an additional 10,201 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Ring Energy in the second quarter valued at about $60,000. 77.14% of the stock is owned by hedge funds and other institutional investors.

Ring Energy Trading Down 3.5 %

Shares of Ring Energy stock opened at $1.39 on Monday. The company has a market cap of $275.50 million, a PE ratio of 2.44 and a beta of 1.58. Ring Energy, Inc. has a twelve month low of $1.21 and a twelve month high of $2.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.49 and a current ratio of 0.54.

Ring Energy (NYSEAMERICAN:REI) last posted its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $89.24 million during the quarter, compared to analyst estimates of $83.27 million. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. Research analysts anticipate that Ring Energy, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Ring Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Ring Energy Company Profile

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.