Riley Exploration Permian (NYSE:REPX) Announces Earnings Results

Riley Exploration Permian (NYSE:REPX) released its earnings results on Wednesday. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.91), reports. The business had revenue of $99.83 million for the quarter, compared to analyst estimates of $94.77 million. Riley Exploration Permian had a return on equity of 25.80% and a net margin of 29.75%.

Riley Exploration Permian Stock Up 0.1 %

Shares of NYSE REPX traded up $0.04 during mid-day trading on Friday, reaching $27.70. 89,127 shares of the company’s stock were exchanged, compared to its average volume of 85,807. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 0.94. Riley Exploration Permian has a twelve month low of $21.27 and a twelve month high of $47.79. The business has a fifty day simple moving average of $23.52 and a 200 day simple moving average of $27.42. The firm has a market capitalization of $565.91 million, a price-to-earnings ratio of 4.96 and a beta of 1.22.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 25th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Wednesday, January 24th. Riley Exploration Permian’s dividend payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their price objective on Riley Exploration Permian from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, November 9th.

Insider Transactions at Riley Exploration Permian

In other news, Director Bryan H. Lawrence sold 1,100 shares of Riley Exploration Permian 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 sale, the director now directly owns 2,197,367 shares in the company, valued at $51,198,651.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Riley Exploration Permian news, CEO Bobby Riley sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $27.41, for a total transaction of $205,575.00. Following the transaction, the chief executive officer now owns 379,198 shares of the company’s stock, valued at $10,393,817.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bryan H. Lawrence sold 1,100 shares of the 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 in the company, valued at approximately $51,198,651.10. The disclosure for this sale can be found here. Insiders sold 90,748 shares of company stock valued at $2,122,838 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Riley Exploration Permian

Several institutional investors have recently added to or reduced their stakes in REPX. JPMorgan Chase & Co. increased its position in Riley Exploration Permian by 872.4% in the 1st quarter. JPMorgan Chase & Co. now owns 33,752 shares of the company’s stock valued at $846,000 after acquiring an additional 30,281 shares during the period. Bank of New York Mellon Corp increased its holdings in Riley Exploration Permian by 13.7% during the first quarter. Bank of New York Mellon Corp now owns 204,226 shares of the company’s stock worth $5,122,000 after buying an additional 24,588 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Riley Exploration Permian in the first quarter worth $180,000. Rhumbline Advisers purchased a new position in Riley Exploration Permian in the 1st quarter valued at approximately $277,000. Finally, BlackRock Inc. grew its holdings in Riley Exploration Permian by 248.5% during the 1st quarter. BlackRock Inc. now owns 531,585 shares of the company’s stock valued at $13,332,000 after buying an additional 379,047 shares in the last quarter. 73.10% of the stock is currently owned by 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 San Andres Formation, a shelf margin deposit on the Central Basin Platform and Northwest Shelf.