The Online Investor
OLI Premium
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Feb. 25, 2:25 PM

Slide #3. Ring Energy, Inc. Secondary Offering

Company: Ring Energy, Inc. (AMEX:REI)
Date announced: 2/22/2018
Shares Offered: 5,360,000
Date of Pricing: 2/23/2018
Price Per Share: $14.00
Secondary Offering Details: Ring Energy, Inc. (NYSE American:REI) (the "Company") announced today that it intends to offer shares of its common stock in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 2/23- Ring Energy, Inc. (NYSE American:REI) (the "Company") announced today that it has priced an underwritten public offering of 5,360,000 shares of its common stock to the public at $14.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 804,000 shares of common stock from the Company at the offering price (less the underwriting discounts and commissions). The Company expects to close the sale of the shares of common stock on February 27, 2018, subject to customary closing conditions. Net proceeds to the Company from the sale of 5,360,000 shares will be approximately $71 million, after deducting underwriting discounts, commissions and estimated offering expenses.

Ring Energy is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. Co.'s exploration and production interests are focused in Texas and Kansas. Co.'s primary drilling operations target the Central Basin Platform in Andrews County and Gaines County, TX and the Delaware Basin in Reeves County and Culberson County, TX. As of Dec 31 2016, Co.'s proved reserves were 27,741,575 barrel of oil equivalent (Boe), which compised of 24,999,100 barrels of oils and 16,454,849,000 cubic feet of natural gas.

REI SEC Filing Email Alerts Service

Open the REI Page at The Online Investor »

Company Name:  Ring Energy Inc
Website:  www.ringenergy.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding REI:  28
Total Market Value Held by ETFs:  $76.80M
Total Market Capitalization:  $802.00M
% of Market Cap. Held by ETFs:  9.58%
 

Open the REI Page at The Online Investor (in a new window) »

February 25, 2018    2:25 PM Eastern
Quotes delayed 20 minutes



Strong Buy (4.00 out of 4)
86th percentile
(ranked higher than approx. 86% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2018, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.