The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ring Energy Inc shares valued at $577,378 were sold by Warburg Pincus (E&P) XII LLC on May 13 ’25. At $0.91 per share, Warburg Pincus (E&P) XII LLC sold 634,481 shares. The insider’s holdings dropped to 28,011,162 shares worth approximately $23.53 million following the completion of this transaction.
Also, Warburg Pincus (E&P) XII LLC sold 455,655 shares, netting a total of over 405,533 in proceeds. Following the sale of shares at $0.89 each, the insider now holds 27,555,507 shares.
Before that, Warburg Pincus (E&P) XII LLC had sold 300,000 shares from its account. In a trade valued at $270,000, the 10% Owner traded Ring Energy Inc shares for $0.90 each. Upon closing the transaction, the insider’s holdings decreased to 300,000 shares, worth approximately $24.06 million.
As published in a research note from ROTH Capital on August 01, 2022, Ring Energy Inc [REI] has been rated down from a Buy to a Neutral and the price target has been revised to $7.50 from $4.90. Analysts at ROTH Capital upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. Earlier on March 18, 2020, Alliance Global Partners downgraded its rating. Their new recommendation was “a Neutral” for REI stock which previously was a “a Buy”.
Analyzing REI Stock Performance
During the last five days, there has been a surge of approximately 2.01%. Over the course of the year, Ring Energy Inc shares have dropped approximately -38.49%. Shares of the company reached a 52-week high of $1.5500 on 01/10/25 and a 52-week low of $0.7800 on 04/09/25. A 50-day SMA is recorded $0.9975, while a 200-day SMA reached $1.4018.
Support And Resistance Levels for Ring Energy Inc (REI)
According to the 24-hour chart, there is a support level at 0.8113, which, if violated, would cause prices to drop to 0.7861. In the upper region, resistance lies at 0.8716. The next price resistance is at 0.9067. RSI (Relative Strength Index) is 41.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0003, which suggests the price will decrease in the coming days. Percent R is at 80.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
