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Fly News Breaks for December 28, 2018
REI
Dec 28, 2018 | 13:39 EDT
Imperial Capital analyst Diane Sievert maintained an Outperform rating and $8 price target on Ring Energy shares following the company's acreage acquisition in Andrews County that "complements its assets and sits near some of Ring Energy's best producing wells." Sievert also noted that the deal was debt averse as it was financed using 2.6M shares of stock, which the analyst views as a favorable purchase price.
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