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An announcement from Ring Energy ( (REI) ) is now available.
On June 18, 2025, Ring Energy, Inc. announced the entry into a Third Amended and Restated Credit Agreement, which reduces the borrowing base to $585 million and extends the maturity date to June 2029. The agreement also names Bank of America as the new administrative agent, reflecting a strategic move to strengthen the company’s financial position amidst volatile oil and gas prices. The company aims to generate free cash flow through cost reductions and strategic asset management, maintaining a stable borrowing base and creating value for stakeholders.
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’s overall score is moderate, primarily affected by its weak financial performance and technical analysis. Positive aspects from the earnings call, such as strategic acquisitions and improved capital efficiency, provide some support. The valuation suggests potential for appreciation, but financial instability poses a significant risk.
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 current operations focused on the development of its Permian Basin assets.
Average Trading Volume: 2,967,284
Technical Sentiment Signal: Sell
Current Market Cap: $165.3M
Find detailed analytics on REI stock on TipRanks’ Stock Analysis page.