Riley Exploration Permian (NYSE:REPX) Reaches New 52-Week Low - What's Next?

Riley Exploration Permian, Inc. (NYSE:REPX - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.36 and last traded at $24.10, with a volume of 24742 shares trading hands. The stock had previously closed at $24.47.

Analysts Set New Price Targets

Separately, Truist Financial upped their target price on Riley Exploration Permian from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, January 13th.

Riley Exploration Permian Price Performance

The firm has a market capitalization of $516.55 million, a PE ratio of 4.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The business's 50 day moving average is $29.81 and its two-hundred day moving average is $31.02.

Insider Activity

In related news, CEO Bobby Riley sold 15,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.37, for a total transaction of $500,550.00. Following the transaction, the chief executive officer now directly owns 296,375 shares of the company's stock, valued at approximately $9,890,033.75. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Corey Neil Riley sold 1,537 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $44,834.29. Following the completion of the sale, the insider now owns 183,700 shares of the company's stock, valued at $5,358,529. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,477 shares of company stock worth $770,589. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Riley Exploration Permian

A number of institutional investors have recently made changes to their positions in REPX. GAMMA Investing LLC boosted its position in Riley Exploration Permian by 5,545.6% during the first quarter. GAMMA Investing LLC now owns 27,099 shares of the company's stock valued at $790,000 after buying an additional 26,619 shares during the period. California State Teachers Retirement System lifted its position in Riley Exploration Permian by 10.2% in the fourth quarter. California State Teachers Retirement System now owns 9,199 shares of the company's stock valued at $294,000 after purchasing an additional 853 shares during the last quarter. JT Stratford LLC purchased a new stake in shares of Riley Exploration Permian during the fourth quarter valued at approximately $274,000. Trustees of Columbia University in the City of New York bought a new stake in Riley Exploration Permian during the 4th quarter valued at $239,000. Finally, Man Group plc purchased a new stake in Riley Exploration Permian during the 4th quarter valued at $557,000. Hedge funds and other institutional investors own 58.91% of the company's stock.

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 Northwest Shelf and Yeso trend of the Permian Basin.