Riley Exploration Permian, Inc. (REPX) To Go Ex-Dividend on January 23rd

Riley Exploration Permian, Inc. (NYSE:REPX) declared a quarterly dividend on Thursday, January 9th,NASDAQ Dividends reports. Shareholders of record on Thursday, January 23rd will be given a dividend of 0.38 per share on Thursday, February 6th. This represents a $1.52 annualized dividend and a yield of 4.58%. The ex-dividend date is Thursday, January 23rd.

Riley Exploration Permian has increased its dividend payment by an average of 18.8% per year over the last three years. Riley Exploration Permian has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Riley Exploration Permian to earn $7.19 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 21.1%.

Riley Exploration Permian Trading Up 0.8 %

Shares of NYSE:REPX opened at $33.18 on Friday. Riley Exploration Permian has a 12-month low of $21.27 and a 12-month high of $37.15. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $712.81 million, a P/E ratio of 5.88 and a beta of 1.46. The firm has a fifty day moving average of $32.77 and a two-hundred day moving average of $29.40.

Insider Activity

In other news, CEO Bobby Riley sold 1,310 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $35.17, for a total value of $46,072.70. Following the completion of the sale, the chief executive officer now directly owns 311,375 shares in the company, valued at approximately $10,951,058.75. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price target on Riley Exploration Permian from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

About Riley Exploration Permian

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.