Riley Exploration Permian (NYSE:REPX) Shares Gap Down to $33.52

Shares of Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $33.52, but opened at $28.59. Riley Exploration Permian shares last traded at $28.60, with a volume of 322,548 shares changing hands.

Riley Exploration Permian Trading Down 17.7 %

The company has a market cap of $563.04 million, a price-to-earnings ratio of 4.95 and a beta of 1.26. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The company's 50-day moving average is $26.11 and its 200 day moving average is $27.10.

Riley Exploration Permian (NYSE:REPX - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.91). The company had revenue of $99.83 million for the quarter, compared to analysts' expectations of $94.77 million. Riley Exploration Permian had a net margin of 29.75% and a return on equity of 25.08%. Research analysts predict that Riley Exploration Permian, Inc. will post 7.01 EPS for the current year.

Riley Exploration Permian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 25th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Wednesday, January 24th. Riley Exploration Permian's dividend payout ratio is currently 25.81%.

Insider Buying and Selling at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total value of $423,150.00. Following the transaction, the chief executive officer now directly owns 364,198 shares in the company, valued at approximately $10,274,025.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Bryan H. Lawrence sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.30, for a total value of $25,630.00. Following the transaction, the director now directly owns 2,197,367 shares in the company, valued at approximately $51,198,651.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the completion of the transaction, the chief executive officer now owns 364,198 shares in the company, valued at $10,274,025.58. The disclosure for this sale can be found here. Insiders have sold 98,248 shares of company stock worth $2,340,413 in the last ninety days. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Riley Exploration Permian

Large investors have recently added to or reduced their stakes in the business. Algert Global LLC purchased a new stake in Riley Exploration Permian during the 3rd quarter worth approximately $999,000. D.A. Davidson & CO. purchased a new stake in Riley Exploration Permian during the 3rd quarter worth approximately $383,000. CWA Asset Management Group LLC increased its stake in Riley Exploration Permian by 27.0% during the 3rd quarter. CWA Asset Management Group LLC now owns 16,790 shares of the company's stock worth $534,000 after buying an additional 3,567 shares during the period. Bank of New York Mellon Corp increased its stake in Riley Exploration Permian by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 166,650 shares of the company's stock worth $5,298,000 after buying an additional 2,408 shares during the period. Finally, Navellier & Associates Inc. increased its stake in Riley Exploration Permian by 30.9% during the 3rd quarter. Navellier & Associates Inc. now owns 10,444 shares of the company's stock worth $332,000 after buying an additional 2,465 shares during the period. 58.91% of the stock is owned by hedge funds and other institutional investors.

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.