Ring Energy Appoints New Executive Vice President and CFO

Ring Energy ( (REI) ) has provided an announcement.

On February 3, 2026, Ring Energy, Inc. announced that its board appointed Sundip “Sonu” S. Johl as Executive Vice President, Chief Financial Officer and Treasurer, effective February 27, 2026, bringing in a veteran energy investment banker with more than two decades of experience in upstream oil and gas finance, M&A and capital markets, particularly with Permian Basin-focused E&P companies. Under an offer letter signed on January 29, 2026, Johl will receive a $425,000 base salary, performance-linked annual and long-term incentives, change-in-control protections and equity inducement awards in the form of restricted and performance stock units, signaling Ring’s intention to strengthen its financial and capital markets capabilities as it pursues greater scale and shareholder value in a consolidating upstream sector.

The most recent analyst rating on (REI) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Ring Energy stock, see the REI Stock Forecast page.

Spark’s Take on REI Stock

According to Spark, TipRanks’ AI Analyst, REI is a Neutral.

The score is driven mainly by moderate financial performance (stable balance sheet but pressured profitability and slowing free cash flow growth). Technicals are supportive but appear overheated, while valuation is constrained by a negative P/E. Earnings call execution and debt reduction provide a notable offset, with the reaffirmed borrowing base adding incremental support.

To see Spark’s full report on REI stock, click here.

More about Ring Energy

Ring Energy, Inc. is an oil and gas exploration, development and production company with operations focused on developing its assets in the Permian Basin, targeting growth in U.S. onshore energy production.

Average Trading Volume: 1,864,443

Technical Sentiment Signal: Sell

Current Market Cap: $246.6M

See more insights into REI stock on TipRanks’ Stock Analysis page.