Today, the Execotive VP of Ring Energy (NYSE: REI), Daniel Wilson, sold shares of REI for $278.3K.
In addition to Daniel Wilson, 5 other REI executives reported Sell trades in the last month. This is Wilson’s first Sell trade following 3 Buy transactions.
See today’s analyst top recommended stocks >>
Based on Ring Energy’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $29.92 million and quarterly net profit of $4.72 million. In comparison, last year the company earned revenue of $14.5 million and had a net profit of $1.91 million. REI’s market cap is $632.9M and the company has a P/E ratio of 63.84. Currently, Ring Energy has an average volume of 681.7K.
In the last 30 days, insiders have sold $3.9M worth of REI shares and purchased $220K worth of REI shares. The insider sentiment on Ring Energy has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Daniel Wilson’s trades have generated a 12.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ring Energy, Inc. is an oil and gas exploration company which engages in oil and natural gas acquisition, exploration, development and production activities in the Permian and Mid-Continent regions of the United States. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in Midland, TX.
