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Weakest Upstream Stocks in the Week Ending October 5

Weakest Upstream Stocks in the Week Ending October 5

Ring Energy (REI), a crude oil–weighted exploration and production company focused in the Permian Basin, was the weakest upstream stock in the week ending October 5. Ring Energy fell 17.4% last week. The decline could be due to a rating downgrade and a target price cut at Morgan Stanley.