This Texas oil and natural gas producer IPO is off to a good start. With recent earnings meeting analyst expectations, it may be time for this flag to pay off. The risk/reward ratio looks decent here for an entry and I have a target near 32 -33. After much discussion and the suggestion of Leones, I am adding a first target of 30. If price manages to cross this level, then look for the second target near 32 - 33.