Yesterday, the President of Ring Energy (REI), David A. Fowler, bought shares of REI for $34.45K.
Following this transaction David A. Fowler’s holding in the company was increased by 15.7% to a total of $214.1K. This is Fowler’s first Buy trade following 5 Sell transactions.
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Based on Ring Energy’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $51.33 million and quarterly net profit of $12.38 million. In comparison, last year the company earned revenue of $29.92 million and had a net profit of $4.72 million. The company has a one-year high of $11.80 and a one-year low of $1.23. Currently, Ring Energy has an average volume of 782.72K.
The insider sentiment on Ring Energy has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
David A. Fowler’s trades have generated a 14.2% 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.
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Ring Energy, Inc. is an oil and gas exploration company which engages in oil and natural gas acquisition, exploration, development and production activities. The firm’s areas of operation situated in the Permian Basin; the Central Basin Platform and the Delaware Basin.
