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Ring Energy ( (REI) ) has issued an update.
On May 22, 2025, Ring Energy held a stockholder meeting where several key proposals were voted on. The stockholders elected seven directors, approved executive compensation on an advisory basis, approved an amendment to the 2021 Omnibus Incentive Plan to increase available shares by 11.5 million, and ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for fiscal year 2025.
The most recent analyst rating on (REI) stock is a Hold with a $3.00 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.
Ring Energy faces significant financial instability, particularly with the cessation of revenue and cash flows in 2024, overshadowing recent positive developments like strategic acquisitions and exceeding sales guidance. The technical trend is bearish, and while the low P/E ratio suggests possible undervaluation, it is not enough to offset the current financial distress. The company’s strategic focus on debt reduction and capital efficiency provides some positive outlook but requires significant intervention to improve its market position.
To see Spark’s full report on REI stock, click here.
More about Ring Energy
Average Trading Volume: 2,255,717
Technical Sentiment Signal: Sell
Current Market Cap: $162.1M
For a thorough assessment of REI stock, go to TipRanks’ Stock Analysis page.