Riley Exploration Permian (NYSE:REPX) Hits New 1-Year High – What’s Next?

Riley Exploration Permian, Inc. (NYSE:REPX)’s share price hit a new 52-week high on Friday . The company traded as high as $37.20 and last traded at $36.95, with a volume of 28880 shares. The stock had previously closed at $36.84.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price target on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday.

Riley Exploration Permian Stock Up 0.6 %

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’s 50-day moving average price is $33.32 and its 200 day moving average price is $29.62. The firm has a market cap of $796.05 million, a P/E ratio of 6.57 and a beta of 1.46.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $1.52 annualized dividend and a dividend yield of 4.10%. Riley Exploration Permian’s dividend payout ratio is presently 26.95%.

Insider Buying and Selling

In related news, CEO Bobby Riley sold 1,310 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 311,375 shares in the company, valued at $10,951,058.75. This represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of Riley Exploration Permian

A number of institutional investors have recently made changes to their positions in the stock. Ariadne Wealth Management LP bought a new stake in Riley Exploration Permian during the second quarter worth approximately $36,000. Copeland Capital Management LLC acquired a new position in shares of Riley Exploration Permian during the 3rd quarter valued at $48,000. Point72 DIFC Ltd bought a new stake in shares of Riley Exploration Permian in the 2nd quarter worth $51,000. CWM LLC lifted its holdings in shares of Riley Exploration Permian by 115.9% in the third quarter. CWM LLC now owns 2,677 shares of the company’s stock valued at $71,000 after buying an additional 1,437 shares during the period. Finally, SG Americas Securities LLC bought a new position in Riley Exploration Permian during the third quarter valued at about $108,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Riley Exploration Permian Company Profile

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.