10 High-Flying Penny Stocks to Buy

6. Ring Energy, Inc. (NYSEAMERICAN:REI)

Number of Hedge Fund Holders: 16

Ring Energy, Inc. (NYSEAMERICAN:REI) is one of the High-Flying Penny Stocks to Buy. On March 4, Ring Energy, Inc. (NYSEAMERICAN:REI) released its fiscal Q4 2025 earnings. The company posted a 19.84% year-over-year decline in revenue to $66.88 million. The quarterly revenue fell short of expectations by $4.47 million. The EPS of $0.02 stayed in-line with the consensus.

The company sold 13,124 barrels of oil per day in Q4, close to the mid-point of management’s guidance, and 20,508 barrels of oil equivalent per day, above the mid-point of guidance. Management noted that the fourth quarter production was impacted by a shutdown in a third-party gas plant, which impacted sales volumes as well. However, despite the headwind, management noted that the sale volumes were above the midpoint of its guidance range and contributed to full-year sales volume of 20,253 BOE per day.

​Looking ahead at 2026, management expects flat sales with a production midpoint of 20,150 Boe/d and 12,950 Bo/d. Management noted that they plan to execute the disciplined capital spending program and expect full-year capital spending at the midpoint of $115 million.

​Ring Energy, Inc. (NYSEAMERICAN:REI) is an independent oil and gas company focused on exploration, development, and production in the Permian Basin of Texas.

While we acknowledge the potential of REI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than REI and that has 100x upside potential, check out our report about the cheapest AI stock.

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