Truist Financial Increases Riley Exploration Permian (NYSE:REPX) Price Target to $47.00

Riley Exploration Permian (NYSE:REPX - Get Free Report) had its target price lifted by investment analysts at Truist Financial from $45.00 to $47.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 35.96% from the stock's previous close.

Riley Exploration Permian Trading Up 4.2 %

REPX traded up $1.39 during trading on Monday, reaching $34.57. The company had a trading volume of 120,913 shares, compared to its average volume of 91,659. 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 business has a 50 day simple moving average of $32.93 and a 200-day simple moving average of $29.47. The stock has a market cap of $742.67 million, a P/E ratio of 6.13 and a beta of 1.46. Riley Exploration Permian has a 52 week low of $21.27 and a 52 week high of $37.15.

Insider Activity

In other Riley Exploration Permian news, CEO Bobby Riley sold 1,310 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $35.17, for a total transaction of $46,072.70. Following the transaction, the chief executive officer now directly owns 311,375 shares in the company, valued at $10,951,058.75. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Koss Olinger Consulting LLC increased its position in shares of Riley Exploration Permian by 2.3% during the third quarter. Koss Olinger Consulting LLC now owns 18,326 shares of the company's stock worth $485,000 after purchasing an additional 409 shares in the last quarter. Quest Partners LLC boosted its stake in Riley Exploration Permian by 38.6% in the 2nd quarter. Quest Partners LLC now owns 3,815 shares of the company's stock worth $108,000 after purchasing an additional 1,062 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in Riley Exploration Permian during the 2nd quarter worth approximately $36,000. CWM LLC increased its stake in Riley Exploration Permian by 115.9% during the 3rd quarter. CWM LLC now owns 2,677 shares of the company's stock valued at $71,000 after purchasing an additional 1,437 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Riley Exploration Permian by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 29,566 shares of the company's stock valued at $783,000 after purchasing an additional 1,474 shares in the last quarter. 58.91% of the stock is owned by institutional investors.

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.