Riley Exploration price target raised to $45 from $36 at Roth Capital

Roth Capital raised the firm’s price target on Riley Exploration (REPX) to $45 from $36 and keeps a Buy rating on the shares ahead of its Q1 results. The firm is positive on the company’s E&P business and believes the underdeveloped Yeso trend asset in New Mexico provides for an interesting operational catalyst in 2026, also stating that its non-E&P assets provide interesting financial optionality outside its core businesses, the analyst tells investors in a research note.