Riley Exploration Permian (NYSE:REPX) Price Target Raised to $45.00 at Truist Financial

Riley Exploration Permian (NYSE:REPX) had its price objective upped by stock analysts at Truist Financial from $40.00 to $45.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 30.81% from the stock’s current price.

Riley Exploration Permian Stock Down 0.7 %

Shares of NYSE REPX opened at $34.40 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $27.99 and a 200 day moving average of $27.60. Riley Exploration Permian has a 12-month low of $21.27 and a 12-month high of $35.40. The stock has a market cap of $739.02 million, a PE ratio of 6.08 and a beta of 1.34.

Insider Activity

In other news, CEO Bobby Riley sold 6,302 shares of Riley Exploration Permian stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $26.52, for a total transaction of $167,129.04. Following the sale, the chief executive officer now owns 335,356 shares of the company’s stock, valued at approximately $8,893,641.12. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On Riley Exploration Permian

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Koss Olinger Consulting LLC lifted its stake in shares of Riley Exploration Permian by 2.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company’s stock valued at $485,000 after purchasing an additional 409 shares during the last quarter. Quest Partners LLC boosted its stake in Riley Exploration Permian by 38.6% during the second quarter. Quest Partners LLC now owns 3,815 shares of the company’s stock worth $108,000 after buying an additional 1,062 shares during the period. CWM LLC boosted its stake in Riley Exploration Permian by 1,191.7% during the second quarter. CWM LLC now owns 1,240 shares of the company’s stock worth $35,000 after buying an additional 1,144 shares during the period. Ariadne Wealth Management LP acquired a new stake in shares of Riley Exploration Permian during the second quarter valued at about $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Riley Exploration Permian in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

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.