Ring Energy (REI) CEO Paul Mckinney Buys $60K of Stock

Paul Mckinney, the CEO and Chairman of the Board at Ring Energy, Inc. (NYSE American: REI), has increased his stake in the company by purchasing 50,000 shares. This transaction, completed on June 15, 2026, was executed at an average price of $1.19 per share, amounting to a total value of $59,500. This move was not part of a pre-planned trading arrangement.

Insider Buying and Selling at Ring Energy, Inc.

On June 15, 2026, Paul Mckinney, CEO and Chairman of the Board, bought 50,000 shares of Ring Energy at $1.19 each, totaling $59,500. This purchase was not under a Rule 10b5-1 plan. On the same day, Sundip Singh Johl, the EVP and CFO, acquired 231,000 shares at $1.21. Earlier in the year, on February 17, Alexander Dyes, EVP Chief Operations Officer, sold 47,829 shares at $1.26.

Other Institutional Activity in Ring Energy

Vanguard Capital Management LLC significantly increased its position in Ring Energy by adding 7,511,851 shares, reaching a total of 7,511,851 shares valued at approximately $11.49 million. Ameriprise Financial Inc. also boosted its holdings by 1,657,320 shares, bringing its total to 6,670,183 shares worth about $10.21 million. Two Sigma Investments, LP made a notable addition of 4,735,140 shares, ending up with 6,055,623 shares valued at $9.27 million. In contrast, Barclays PLC reduced its stake by 2,325,000 shares to hold 5,675,001 shares, valued at $8.68 million.

Ring Energy, Inc. Stock Down 23.3%

Shares of Ring Energy, Inc. (NYSE American: REI) recently traded around $1.12. The company has a market capitalization of approximately $284.3 million and a forward P/E ratio of 3.86, reflecting its projected earnings. The stock's 52-week range has seen a low of $0.72 and a high of $2.00. Its 50-day moving average is $1.44, while the 200-day moving average is $1.19. Ring Energy has a current ratio of 0.40 and a quick ratio of 0.32, with a debt-to-equity ratio of 68.88.

Analysts Set New Price Targets

On June 14, 2024, Roth MKM maintained its hold rating for Ring Energy, setting a price target of $3.00. The stock's consensus target price stands at $2.50, based on one analyst opinion.

About Ring Energy, Inc.

Ring Energy, Inc. is an independent oil and natural gas company based in The Woodlands, Texas. The company focuses on acquiring, exploring, developing, and producing oil and natural gas properties. It holds interests in various counties across Texas and New Mexico. Founded in 2004, Ring Energy has grown its operations to include both developed and undeveloped acreage, selling its production to end users and marketers.

Bottom Line

Paul Mckinney's recent purchase of Ring Energy shares might indicate his confidence in the company's future. Investors often watch insider transactions closely as they can provide insight into a company's prospects. However, it's important to remember that these transactions are disclosed after the fact and may not reflect current holdings.