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Riley Exploration Permian, Inc. (NYSE:REPX), a $748.68 million market cap energy company trading at a modest P/E ratio of 6.09, has reported that CEO Bobby Riley executed the sale of 15,000 shares of the company’s common stock. The transactions, which took place on February 10, 2025, were conducted under a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price range between $33.0687 and $33.5887, amounting to a total transaction value of $500,611. The sale comes as REPX trades near its 52-week high of $37.55, having delivered a remarkable 62.11% return over the past year.
Following these transactions, Riley retains direct ownership of 296,375 shares, including 85,315 shares of restricted stock subject to vesting and other conditions. The sales were carried out through open market transactions on the same day, with varying prices managed by a broker-dealer. According to InvestingPro analysis, REPX currently appears undervalued, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Riley Exploration Permian, Inc. has increased its senior secured revolving credit facility from $375 million to $400 million, marking a 7% rise. This amendment also extends the facility’s maturity from April 2026 to December 2028. The company’s banking syndicate has broadened as well, now encompassing a total of nine lenders. As of recent developments, Riley Permian had $117 million drawn on the credit facility, leaving $283 million available for future use. The management team and board of directors have expressed gratitude for the continued support from their banking syndicate partners. This financial restructuring is expected to provide Riley Permian with improved financial flexibility. It’s worth noting that this information about the credit facility amendment comes from a press release statement. Riley Permian’s growth-oriented approach and the increase in their credit facility may indicate confidence from its financial partners and could potentially aid the company’s strategic growth initiatives.
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