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Philip A. Riley, the Chief Financial Officer and Executive Vice President of Strategy at Riley Exploration Permian, Inc. (NYSE:REPX), recently acquired 1,000 shares of the company’s common stock. The transaction, which took place on April 11, 2025, was carried out at a weighted average price of $23.258 per share, amounting to a total purchase value of $23,258. The purchase comes as the stock trades significantly below its 52-week high of $37.55, with InvestingPro analysis indicating the stock is currently undervalued.
Following this transaction, Riley holds a total of 189,172 shares, which includes 124,611 shares of restricted common stock subject to vesting and other restrictions. This acquisition reflects his continued investment in the company, which operates in the crude petroleum and natural gas industry. The company maintains strong profitability with a 75% gross margin and offers an attractive 6.3% dividend yield. Want deeper insights into insider trading patterns and 8 additional exclusive ProTips? Check out the comprehensive analysis available on InvestingPro.
The purchase was executed within a price range of $23.23 to $23.30 per share. Riley has committed to providing detailed information about the number of shares purchased at each separate price upon request to the Securities and Exchange Commission, the issuer, or any shareholder of the issuer. Notably, analysts maintain a bullish outlook on REPX, with price targets ranging from $47 to $55, suggesting significant upside potential from current levels.
In other recent news, Riley Exploration Permian reported its fourth-quarter 2024 earnings, revealing a significant shortfall in both earnings per share (EPS) and revenue. The company posted an EPS of $0.96, which was notably below the forecasted $1.60, and reported revenue of $102.7 million, falling short of the anticipated $106.26 million. Despite these results, the company saw a 22% increase in total production for the year, driven by operational efficiencies. Riley Exploration Permian has also announced new executive compensation plans, aligning rewards with company performance and shareholder interests, as approved by the Compensation Committee. These changes include both short-term and long-term incentive plans for its executives, such as CEO Bobby D. Riley and CFO Philip Riley. Additionally, the company has made significant investments in infrastructure and power projects, aiming to enhance its operational capabilities. Looking forward, Riley Exploration Permian forecasts a total production growth of 9-14% for 2025, with a focus on strategic infrastructure investments in New Mexico. These developments reflect Riley Exploration Permian’s ongoing efforts to strengthen its competitive position and drive future growth.
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