Riley Exploration Permian (NYSE:REPX) PT Raised to $43.00 at Truist Financial

Riley Exploration Permian (NYSE:REPX – Get Rating) had its target price boosted by analysts at Truist Financial from $39.00 to $43.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 27.07% from the company’s current price.

Separately, Roth Capital restated a “buy” rating on shares of Riley Exploration Permian in a research report on Thursday, March 2nd.

Riley Exploration Permian Price Performance

NYSE REPX opened at $33.84 on Tuesday. The company has a 50-day moving average price of $31.72 and a two-hundred day moving average price of $28.43. Riley Exploration Permian has a 52 week low of $15.91 and a 52 week high of $36.49. The stock has a market cap of $672.40 million, a price-to-earnings ratio of 5.91 and a beta of 1.32. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Riley Exploration Permian

Several large investors have recently made changes to their positions in REPX. Morgan Stanley lifted its position in shares of Riley Exploration Permian by 35.4% in the fourth quarter. Morgan Stanley now owns 19,715 shares of the company’s stock worth $580,000 after buying an additional 5,156 shares during the last quarter. Beck Capital Management LLC lifted its holdings in Riley Exploration Permian by 189.3% in the 4th quarter. Beck Capital Management LLC now owns 68,596 shares of the company’s stock worth $2,019,000 after purchasing an additional 44,885 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Riley Exploration Permian during the fourth quarter worth approximately $275,000. Gyon Technologies Capital Management LP acquired a new position in Riley Exploration Permian during the fourth quarter valued at approximately $268,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Riley Exploration Permian by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,844 shares of the company’s stock valued at $761,000 after purchasing an additional 1,194 shares during the period. Institutional investors own 51.14% of the company’s stock.

Riley Exploration Permian Company Profile

(Get Rating)

Riley Exploration Permian, Inc is an independent oil and natural gas company. The firm is focused on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. Its activities also include the horizontal development of the San Andres formation, a shelf margin deposit on the Northwest Shelf of the Permian Basin.