Current REI Stock Info

Ring Energy (ticker: REI), an E&P based in Midland, Texas, added to its balance sheet in the form of a public equity offering on June 18, 2015. The company issued 4,500,000 shares of common stock at a price of $11.50 per share, resulting in net proceeds of approximately $49 million after deductions and expenses. The underwriters hold a 30-day option to purchase an additional 675,000 shares, which could boost the total proceeds to roughly $56.3 million.  The initial offering will dilute REI’s shares by about 15%, while the greenshoe would in...


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