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

Riley Exploration Permian (NYSE:REPX - Get Free Report) had its target price boosted by Truist Financial from $40.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 30.17% from the company's current price.

Riley Exploration Permian Stock Up 3.6 %

Shares of REPX traded up $1.21 during mid-day trading on Thursday, reaching $34.57. The company's stock had a trading volume of 146,982 shares, compared to its average volume of 125,818. Riley Exploration Permian has a 1 year low of $21.27 and a 1 year high of $34.90. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The company has a market cap of $742.56 million, a price-to-earnings ratio of 6.13 and a beta of 1.34. The business has a fifty day moving average of $27.82 and a 200 day moving average of $27.55.

Insider Buying and Selling

In other Riley Exploration Permian news, CEO Bobby Riley sold 8,981 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $26.49, for a total transaction of $237,906.69. Following the transaction, the chief executive officer now owns 326,375 shares in the company, valued at $8,645,673.75. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Riley Exploration Permian

Several institutional investors and hedge funds have recently bought and sold shares of REPX. PDT Partners LLC raised its position in Riley Exploration Permian by 86.7% in the third quarter. PDT Partners LLC now owns 29,346 shares of the company's stock worth $777,000 after purchasing an additional 13,627 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Riley Exploration Permian by 292.1% in the 3rd quarter. Martingale Asset Management L P now owns 28,621 shares of the company's stock worth $758,000 after buying an additional 21,321 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Riley Exploration Permian by 20.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,031 shares of the company's stock worth $1,299,000 after buying an additional 8,278 shares during the period. FMR LLC boosted its stake in Riley Exploration Permian by 28.1% in the 3rd quarter. FMR LLC now owns 54,215 shares of the company's stock valued at $1,436,000 after buying an additional 11,887 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Riley Exploration Permian by 48.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 121,353 shares of the company's stock worth $3,215,000 after acquiring an additional 39,759 shares in the last quarter. 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.