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Riley Exploration Permian, Inc. (NYSE:REPX – Free Report) – Stock analysts at Roth Capital boosted their Q2 2024 earnings estimates for shares of Riley Exploration Permian in a report released on Wednesday, April 10th. Roth Capital analyst J. White now forecasts that the company will post earnings of $1.63 per share for the quarter, up from their previous forecast of $1.56. The consensus estimate for Riley Exploration Permian’s current full-year earnings is $7.14 per share. Roth Capital also issued estimates for Riley Exploration Permian’s Q3 2024 earnings at $1.89 EPS and Q4 2024 earnings at $2.23 EPS.
Riley Exploration Permian Stock Performance
Shares of NYSE REPX opened at $29.31 on Friday. 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 company has a market capitalization of $597.92 million, a P/E ratio of 5.25 and a beta of 1.26. Riley Exploration Permian has a 12 month low of $21.27 and a 12 month high of $47.02. The stock has a 50 day moving average of $26.82 and a 200-day moving average of $27.07.
Riley Exploration Permian (NYSE:REPX – Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.91). The business had revenue of $99.83 million for the quarter, compared to the consensus estimate of $94.77 million. Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%.
Riley Exploration Permian Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.44 dividend on an annualized basis and a yield of 4.91%. Riley Exploration Permian’s dividend payout ratio (DPR) is 25.81%.
Insider Buying and Selling at Riley Exploration Permian
In related news, major shareholder Riley Exploration Group, Llc sold 8,034 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $22.32, for a total value of $179,318.88. Following the transaction, the insider now owns 2,189,333 shares in the company, valued at approximately $48,865,912.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Riley Exploration Group, Llc sold 8,034 shares of Riley Exploration Permian stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $22.32, for a total transaction of $179,318.88. Following the completion of the sale, the insider now directly owns 2,189,333 shares of the company’s stock, valued at approximately $48,865,912.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bryan H. Lawrence sold 1,100 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 2,197,367 shares of the company’s stock, valued at $51,198,651.10. The disclosure for this sale can be found here. Insiders have sold a total of 748,248 shares of company stock worth $19,024,570 over the last ninety days. Insiders own 3.30% of the company’s stock.
Hedge Funds Weigh In On Riley Exploration Permian
Several institutional investors and hedge funds have recently modified their holdings of REPX. Charles Schwab Investment Management Inc. increased its stake in Riley Exploration Permian by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,179 shares of the company’s stock worth $996,000 after acquiring an additional 335 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Riley Exploration Permian by 109.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 710 shares of the company’s stock worth $27,000 after purchasing an additional 371 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Riley Exploration Permian by 0.4% in the third quarter. Kennedy Capital Management LLC now owns 106,795 shares of the company’s stock worth $3,395,000 after purchasing an additional 405 shares during the period. FMR LLC raised its stake in Riley Exploration Permian by 68.7% in the second quarter. FMR LLC now owns 1,331 shares of the company’s stock valued at $32,000 after purchasing an additional 542 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Riley Exploration Permian by 31.4% in the third quarter. Lazard Asset Management LLC now owns 2,424 shares of the company’s stock valued at $77,000 after purchasing an additional 579 shares in the last quarter. 58.91% of the stock is currently owned by institutional investors and hedge funds.
About Riley Exploration Permian
(Get Free Report)
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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