Zacks: Analysts Expect Riley Exploration Permian, Inc. (NYSE:REPX) Will Post Earnings of $0.74 Per Share

Wall Street analysts predict that Riley Exploration Permian, Inc. (NYSE:REPX) will report $0.74 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Riley Exploration Permian’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.61. Riley Exploration Permian reported earnings per share of ($0.96) in the same quarter last year, which would suggest a positive year over year growth rate of 177.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 11th.

On average, analysts expect that Riley Exploration Permian will report full year earnings of $0.17 per share for the current year, with EPS estimates ranging from ($1.88) to $2.22. For the next financial year, analysts forecast that the business will report earnings of $3.53 per share, with EPS estimates ranging from $3.39 to $3.67. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Riley Exploration Permian.

Riley Exploration Permian (NYSE:REPX) last issued its quarterly earnings data on Thursday, August 12th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.24). The firm had revenue of $42.15 million for the quarter, compared to analyst estimates of $32.34 million.

Several research analysts have recently commented on REPX shares. Zacks Investment Research upgraded Riley Exploration Permian from a “sell” rating to a “hold” rating in a report on Wednesday, September 29th. Truist lifted their target price on Riley Exploration Permian from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Finally, Truist Securities boosted their price objective on Riley Exploration Permian from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 7th.

In other Riley Exploration Permian news, major shareholder Of Antonie Vandenbrink Estate acquired 13,738 shares of the stock in a transaction on Thursday, September 9th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $288,498.00. Following the purchase, the insider now directly owns 13,738 shares in the company, valued at $288,498. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alvin Gerald Libin bought 1,300 shares of the firm’s stock in a transaction dated Tuesday, October 12th. The stock was purchased at an average price of $24.00 per share, with a total value of $31,200.00. The disclosure for this purchase can be found here. Insiders acquired 111,240 shares of company stock worth $2,379,542 in the last three months. 51.50% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. MYDA Advisors LLC bought a new stake in Riley Exploration Permian during the 2nd quarter valued at $1,409,000. Millennium Management LLC acquired a new position in shares of Riley Exploration Permian in the 1st quarter worth $766,000. Monashee Investment Management LLC purchased a new position in shares of Riley Exploration Permian during the second quarter valued at $869,000. New York State Common Retirement Fund purchased a new position in shares of Riley Exploration Permian during the second quarter valued at $32,000. Finally, Deutsche Bank AG purchased a new position in Riley Exploration Permian in the second quarter valued at about $39,000. Institutional investors and hedge funds own 46.42% of the company’s stock.

Riley Exploration Permian stock traded up $0.11 during trading on Thursday, reaching $25.97. The company had a trading volume of 127 shares, compared to its average volume of 126,247. The firm’s 50-day simple moving average is $21.22 and its 200 day simple moving average is $27.86. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.39 and a quick ratio of 0.39. Riley Exploration Permian has a 1-year low of $9.60 and a 1-year high of $79.20.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 4th. Shareholders of record on Thursday, October 21st will be issued a $0.31 dividend. This is a positive change from Riley Exploration Permian’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, October 20th. This represents a $1.24 annualized dividend and a yield of 4.77%.

Riley Exploration Permian Company Profile

Riley Exploration Permian, Inc is an independent oil and natural gas company. It engages in the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids in the Permian Basin. The company was founded in 1916 and is headquartered in Oklahoma City, OK.

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Earnings History and Estimates for Riley Exploration Permian (NYSE:REPX)

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