U.S. Labor Department reports website issues ahead of jobs data release
In a recent transaction, Bobby Riley, the CEO of Riley Exploration Permian, Inc. (NYSE:REPX), sold 2,681 shares of common stock, totaling $78,204. The company, currently valued at $588 million, has demonstrated strong financial performance with a healthy P/E ratio of 6.4x and an attractive dividend yield of 5.1%. The sale occurred on April 1, 2025, at a price of $29.17 per share. Following the transaction, Riley holds 439,636 shares in the company. It’s noteworthy that these shares were surrendered to cover withholding tax liabilities associated with the vesting of restricted stock under the company’s 2021 Long Term Incentive Plan, rather than being a discretionary trade by Riley. According to InvestingPro analysis, REPX appears undervalued at current levels, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of 1,400+ US stocks.
In other recent news, Riley Exploration Permian reported its fourth-quarter 2024 earnings, revealing a significant miss in both earnings per share (EPS) and revenue. The company posted an EPS of $0.96, falling short of the forecasted $1.60, and reported revenue of $102.7 million, below the anticipated $106.26 million. Despite these results, the company demonstrated robust operational performance, with total production increasing by 22% and oil production rising by 15% in 2024. Riley Exploration Permian also announced new executive compensation plans, aligning incentives with company performance and shareholder interests through both short-term and long-term incentive plans. The company is focusing on strategic allocation of free cash flow, with investments directed towards infrastructure and power projects. Looking ahead, Riley Exploration Permian forecasts a total production growth of 9-14% for 2025, with significant investments planned in midstream and power projects. The company has also updated and restated employment agreements for its executives, effective April 8, 2025, outlining terms of employment and incentive compensation. Riley Exploration Permian’s strategic initiatives are aimed at enhancing its competitive position and driving future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.