Riley Exploration Permian (NYSE:REPX - Free Report) had its price target cut by Truist Financial from $51.00 to $48.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.
Riley Exploration Permian Price Performance
REPX stock traded up $0.77 during trading on Monday, hitting $25.71. 181,631 shares of the stock traded hands, compared to its average volume of 133,361. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $627.61 million, a price-to-earnings ratio of 4.61 and a beta of 1.32. Riley Exploration Permian has a one year low of $21.27 and a one year high of $42.96. The company has a 50 day simple moving average of $28.28 and a 200 day simple moving average of $26.63.
Riley Exploration Permian (NYSE:REPX - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.91). Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%. The business had revenue of $99.83 million during the quarter, compared to analyst estimates of $94.77 million. Equities analysts expect that Riley Exploration Permian will post 7.14 EPS for the current fiscal year.
Riley Exploration Permian Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Wednesday, April 24th. Riley Exploration Permian's dividend payout ratio is currently 25.81%.
Insider Buying and Selling
In other news, major shareholder Alvin Gerald Libin acquired 75,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $2,025,000.00. Following the completion of the transaction, the insider now directly owns 2,194,921 shares in the company, valued at $59,262,867. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Riley Exploration Permian news, major shareholder Alvin Gerald Libin bought 75,000 shares of the company's stock in a transaction on Thursday, April 4th. The stock was bought at an average price of $27.00 per share, for a total transaction of $2,025,000.00. Following the transaction, the insider now owns 2,194,921 shares of the company's stock, valued at approximately $59,262,867. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bobby Riley sold 15,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.21, for a total value of $423,150.00. Following the completion of the transaction, the chief executive officer now directly owns 364,198 shares in the company, valued at approximately $10,274,025.58. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
Institutional Trading of Riley Exploration Permian
Institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC bought a new stake in Riley Exploration Permian during the 3rd quarter worth approximately $999,000. Jackson Hole Capital Partners LLC raised its holdings in shares of Riley Exploration Permian by 17.4% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 449,925 shares of the company's stock worth $12,256,000 after acquiring an additional 66,621 shares during the period. D.A. Davidson & CO. acquired a new position in Riley Exploration Permian in the 3rd quarter worth $383,000. CWA Asset Management Group LLC increased its holdings 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 purchasing an additional 3,567 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Riley Exploration Permian by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 166,650 shares of the company's stock valued at $5,298,000 after purchasing an additional 2,408 shares during the period. 58.91% of the stock is owned by institutional investors.
About Riley Exploration Permian
(
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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.
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