Caprock Group LLC Has $37,000 Position in Ring Energy, Inc. (NYSEAMERICAN:REI)

Caprock Group LLC grew its holdings in Ring Energy, Inc. (NYSEAMERICAN:REI) by 44.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,776 shares of the company’s stock after purchasing an additional 6,655 shares during the quarter. Caprock Group LLC’s holdings in Ring Energy were worth $37,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in shares of Ring Energy by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 132,995 shares of the company’s stock valued at $261,000 after purchasing an additional 8,792 shares during the last quarter. Catalina Capital Group LLC grew its position in Ring Energy by 54.9% during the second quarter. Catalina Capital Group LLC now owns 26,329 shares of the company’s stock worth $44,000 after buying an additional 9,329 shares in the last quarter. Delap Wealth Advisory LLC acquired a new stake in Ring Energy during the first quarter worth about $27,000. Choreo LLC bought a new position in Ring Energy during the first quarter worth about $29,000. Finally, CreativeOne Wealth LLC bought a new position in Ring Energy during the first quarter worth about $31,000. 77.14% of the stock is owned by institutional investors and hedge funds.

Ring Energy Trading Up 2.4 %

NYSEAMERICAN:REI opened at $1.72 on Friday. Ring Energy, Inc. has a 1 year low of $1.25 and a 1 year high of $2.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.45. The company has a market capitalization of $340.85 million, a PE ratio of 4.30 and a beta of 1.63.

Ring Energy (NYSEAMERICAN:REI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $99.14 million during the quarter, compared to analyst estimates of $98.29 million. Ring Energy had a net margin of 18.41% and a return on equity of 10.94%. On average, equities research analysts predict that Ring Energy, Inc. will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Ring Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.

Ring Energy 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.