Ring Energy Set to Join Russell 3000® Index
June 16 2022 - 6:45AM
Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”)
today announced it is set to join the broad-market Russell
3000® Index at the conclusion of the 2022 Russell Indexes
Annual Reconstitution, according to a preliminary list of additions
posted by FTSE Russell on June 3, 2022. Inclusion in the index will
take effect after the U.S. market opens on June 27, 2022.
The annual reconstitution of the Russell indexes
captures the 4,000 largest U.S. stocks as of May 6, ranking them by
total market capitalization. Membership in the US all-cap Russell
3000® Index, which remains in place for one year, means
automatic inclusion in the large-cap Russell 1000® Index or in
the small-cap Russell 2000® Index as well as the appropriate
growth and value style indexes. FTSE Russell determines membership
for its Russell indexes primarily by objective,
market-capitalization rankings, and style attributes.
Mr. Paul D. McKinney, Chairman of the Board and
Chief Executive Officer, commented, “Joining the Russell
3000® Index is a significant milestone for Ring Energy, which
we view as a direct result of our focused efforts to drive
incremental efficiencies in our development and operational efforts
designed to increase shareholder value. We welcome the enhanced
visibility and distribution provided by our inclusion in the
Russell 3000® Index as a way to broaden awareness of our
Company within the institutional Investor community.”
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. Approximately $12
trillion in assets are benchmarked against Russell’s U.S. indexes.
Russell indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell
3000® Index and the Russell indexes reconstitution, go to the
“Russell Reconstitution” section on the FTSE Russell website,
www.ftserussell.com.
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration,
development, and production company with current operations focused
on the conventional development of its Permian Basin assets in West
Texas and New Mexico. For additional information, please visit
www.ringenergy.com.
About FTSE RussellFTSE Russell
is a global index leader that provides innovative benchmarking,
analytics and data solutions for investors worldwide. FTSE Russell
calculates thousands of indexes that measure and benchmark markets
and asset classes in more than 70 countries, covering 98% of the
investable market globally.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors globally.
Approximately $20 trillion is currently benchmarked to FTSE Russell
indexes. For over 30 years, leading asset owners, asset managers,
ETF providers and investment banks have chosen FTSE Russell indexes
to benchmark their investment performance and create ETFs,
structured products and index-based derivatives.
FTSE Russell is wholly owned by London Stock
Exchange Group.
Safe Harbor Statement
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements involve a wide variety of risks and uncertainties, and
include, without limitations, statements with respect to the
Company’s strategy and prospects. Such statements are subject to
certain risks and uncertainties which are disclosed in the
Company’s reports filed with the SEC, including its Form 10-K for
the fiscal year ended December 31, 2021, and its other filings with
the SEC. Readers and investors are cautioned that the Company’s
actual results may differ materially from those described in the
forward-looking statements due to a number of factors, including,
but not limited to, the Company’s ability to acquire productive oil
and/or gas properties or to successfully drill and complete oil
and/or gas wells on such properties, general economic conditions
both domestically and abroad, and the conduct of business by the
Company, and other factors that may be more fully described in
additional documents set forth by the Company.
Contact Information
Al Petrie Advisors
Al Petrie, Senior Partner
Phone: 281-975-2146
Email: apetrie@ringenergy.com
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