Riley Exploration Permian (NYSE:REPX – Get Free Report) had its price target dropped by equities research analysts at Truist Financial from $52.00 to $50.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 90.62% from the stock’s current price.
Riley Exploration Permian Stock Performance
NYSE REPX opened at $26.23 on Thursday. The company’s 50 day moving average is $30.79 and its 200-day moving average is $34.29. Riley Exploration Permian has a 12-month low of $24.31 and a 12-month high of $47.79. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 0.94. The firm has a market cap of $535.88 million, a P/E ratio of 5.21 and a beta of 1.34.
Insider Activity at Riley Exploration Permian
In other news, major shareholder Alvin Gerald Libin acquired 100,000 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, September 19th. The stock was bought at an average price of $30.25 per share, with a total value of $3,025,000.00. Following the completion of the purchase, the insider now owns 1,874,779 shares in the company, valued at $56,712,064.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Riley Exploration Permian
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 San Andres Formation, a shelf margin deposit on the Central Basin Platform and Northwest Shelf.
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