Riley Exploration Permian Inc. (REPX) Shares Plummet Below 1-Year High

Riley Exploration Permian Inc. (AMEX: REPX)’s stock price has plunge by -17.54relation to previous closing price of 33.52. Nevertheless, the company has seen a -14.56% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-20 that 5.22% dividend yield, maintained even at $40/bbl WTI. Strong free cash flow, at $75/bbl WTI REPX expects $100 million in FCF for 2024. Estimated 18.3% production growth for 2024 without a meaningful increase in costs. Strong geographic position, operating in a lower-cost and lower-decline rate location compared to the median Permian field.

Is It Worth Investing in Riley Exploration Permian Inc. (AMEX: REPX) Right Now?

Riley Exploration Permian Inc. (AMEX: REPX) has a higher price-to-earnings ratio of 4.96x compared to its average ratio, The 36-month beta value for REPX is at 1.26. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for REPX is 5.87M, and currently, shorts hold a 2.54% of that float. The average trading volume for REPX on April 04, 2024 was 85.01K shares.

REPX’s Market Performance

The stock of Riley Exploration Permian Inc. (REPX) has seen a -14.56% decrease in the past week, with a 14.03% rise in the past month, and a 0.44% gain in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 4.22% for REPX. The simple moving average for the last 20 days is -8.46% for REPX stock, with a simple moving average of -6.36% for the last 200 days.

Analysts’ Opinion of REPX

Many brokerage firms have already submitted their reports for REPX stocks, with Truist repeating the rating for REPX by listing it as a “Buy.” The predicted price for REPX in the upcoming period, according to Truist is $45 based on the research report published on June 01, 2021 of the previous year 2021.

ROTH Capital, on the other hand, stated in their research note that they expect to see REPX reach a price target of $42. The rating they have provided for REPX stocks is “Buy” according to the report published on April 08th, 2021.

REPX Trading at 7.29% from the 50-Day Moving Average

After a stumble in the market that brought REPX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.16% of loss for the given period.

Volatility was left at 4.22%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +15.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.59% upper at present.

During the last 5 trading sessions, REPX fell by -14.13%, which changed the moving average for the period of 200-days by -25.86% in comparison to the 20-day moving average, which settled at $30.38. In addition, Riley Exploration Permian Inc. saw 1.47% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at REPX starting from Riley Bobby, who sale 15,000 shares at the price of $28.21 back on Mar 13 ’24. After this action, Riley Bobby now owns 364,198 shares of Riley Exploration Permian Inc., valued at $423,225 using the latest closing price.

LAWRENCE BRYAN H, the Director of Riley Exploration Permian Inc., sale 13,870 shares at $21.92 during a trade that took place back on Jan 19 ’24, which means that LAWRENCE BRYAN H is holding 2,165,219 shares at $304,097 based on the most recent closing price.

Stock Fundamentals for REPX

Current profitability levels for the company are sitting at:

  • 0.57 for the present operating margin
  • 0.63 for the gross margin

The net margin for Riley Exploration Permian Inc. stands at 0.28. The total capital return value is set at 0.24. Equity return is now at value 29.56, with 15.28 for asset returns.

Based on Riley Exploration Permian Inc. (REPX), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 10.64.

Currently, EBITDA for the company is 307.13 million with net debt to EBITDA at 1.45. When we switch over and look at the enterprise to sales, we see a ratio of 2.67. The receivables turnover for the company is 7.79for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.

Conclusion

In conclusion, Riley Exploration Permian Inc. (REPX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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