Ring Energy, Inc. (NYSE:
REI) is one of the
Most Undervalued Stocks Under $10 to Buy Now. Alliance Global Partners resumed coverage of the company’s stock with a “Buy” rating and a price objective of $2.50. The firm believes that Ring Energy, Inc. (NYSE:REI)’s stock trades at an attractive valuation based on its cash flow. Furthermore, the shares are attractive considering the Permian focus and straightforward operating strategy, added the firm’s analyst.
An oil rig under construction in the middle of a lake, its lights reflecting on the surrounding water.
Ring Energy, Inc. (NYSE:REI) started 2025 with a robust first quarter, reflecting the flexibility, resilience, and strength of its proven, value-focused strategy amidst fluctuating oil prices. In Q1 2025, the company sold 12,074 barrels of oil per day and 18,392 barrels of oil equivalent per day. Furthermore, Ring Energy, Inc. (NYSE:REI) announced the closing of its acquisition of Lime Rock’s CBP assets in the Permian Basin. The majority of the assets remain similar to the conventional-focused CBP assets in the company’s core Shafter Lake operations, enabling it to integrate the assets into the operations quickly.
Ring Energy, Inc. (NYSE:REI) remains focused on generating FCF via cost reductions, divestitures of non-core assets, and acquisition of high-margin, low-break-even assets, utilising the excess cash to reduce debt as well as create value for stockholders throughout commodity price cycles.
While we acknowledge the potential of REI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
best short-term AI stock.
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Disclosure: None. This article is originally published at
Insider Monkey.
