Riley Exploration reinstated with a Buy at Roth Capital

Roth Capital analyst Nick Pope reinstated coverage of Riley Exploration (REPX) with a Buy rating and $36 price target The company has a “unique focus” and emphasis on the “exploration” in E&P with the acquisition of underdeveloped areas, says the analyst, who believes Riley is in the midst of an expansion of a differentiated asset in New Mexico and has readied its downstream to handle “solid growth.”