DGS Capital Management LLC Acquires 32,241 Shares of Ring Energy, Inc. (NYSEAMERICAN:REI)

DGS Capital Management LLC grew its holdings in shares of Ring Energy, Inc. (NYSEAMERICAN:REI) by 70.1% in the third quarter, HoldingsChannel reports. The fund owned 78,231 shares of the company’s stock after purchasing an additional 32,241 shares during the quarter. DGS Capital Management LLC’s holdings in Ring Energy were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Ring Energy by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 132,995 shares of the company’s stock worth $261,000 after acquiring an additional 8,792 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Ring Energy by 89.6% in the first quarter. Cetera Advisors LLC now owns 34,130 shares of the company’s stock worth $67,000 after purchasing an additional 16,130 shares during the period. CWM LLC increased its stake in shares of Ring Energy by 448.3% in the second quarter. CWM LLC now owns 23,367 shares of the company’s stock worth $39,000 after purchasing an additional 19,105 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Ring Energy during the 2nd quarter valued at $51,000. Finally, Catalina Capital Group LLC lifted its stake in shares of Ring Energy by 54.9% during the 2nd quarter. Catalina Capital Group LLC now owns 26,329 shares of the company’s stock valued at $44,000 after buying an additional 9,329 shares in the last quarter. Institutional investors own 77.14% of the company’s stock.

Ring Energy Trading Down 1.4 %

Ring Energy stock opened at $1.39 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.46. Ring Energy, Inc. has a 1 year low of $1.25 and a 1 year high of $2.20. The company has a market cap of $275.50 million, a PE ratio of 2.44 and a beta of 1.59.

Ring Energy (NYSEAMERICAN:REI) last announced its quarterly 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. Ring Energy had a net margin of 29.44% and a return on equity of 9.21%. The company had revenue of $89.24 million for the quarter, compared to the consensus estimate of $83.27 million. On average, equities analysts forecast that Ring Energy, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Ring Energy news, major shareholder Warburg Pincus & Co Us, Llc sold 4,400,000 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $1.62, for a total transaction of $7,128,000.00. Following the completion of the transaction, the insider now owns 35,520,643 shares in the company, valued at $57,543,441.66. This trade represents a 11.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

About Ring Energy

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.