Thursday, December 21, 2017 10:15 PM ET
Insider Selling in Ring Energy (REI) Shares Continues
A SEC filing today disclosed a notable insider sale of Ring Energy shares as — William Randall Broaddrick, Officer — sold 75,000 shares in the company having a market value of approximately $1,051,250. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 50,000 company shares and the disposition of 136,486 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 161,486 shares and have averaged 87,162 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Ring Energy is above the 191-company peer group average. Oil & Gas Exploration and Production peer group saw 152 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Ring Energy insiders was also higher. Within the peer group there were 2,698,298 shares purchased and 8,011,905 shares sold with company insiders selling 34,958 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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