Reported 2 days ago
Ring Energy, Inc. (NYSE AMERICAN:REI) experienced a remarkable increase of over 48.5% in stock price since its mixed fiscal Q2 2025 results were announced on August 6. Despite a year-over-year revenue decline of 16.68% to $82.60 million, the company's EPS of $0.05 exceeded expectations, leading analysts to raise price targets and maintain Buy ratings. Additionally, Ring Energy is focused on reducing debt by approximately $18 million in the third quarter, positioning itself positively within the oil and gas sector, specifically in Texas's Permian Basin.
Source: YAHOO