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Corey Neil Riley, the Chief Investment Officer and Chief Compliance Officer of Riley Exploration Permian, Inc. (NYSE:REPX), recently sold shares of the company’s stock in a transaction that totaled $95,683. The sales, which were executed on March 10, 2025, involved 3,500 shares of common stock at a price range between $27.13 and $27.89 per share. These transactions were carried out under a pre-established Rule 10b5-1 trading plan. According to InvestingPro data, REPX currently trades at $28.21, with analysts setting price targets between $47 and $55, suggesting potential upside.
Following these sales, Riley retains ownership of 125,974 shares, which includes 60,189 shares of restricted common stock subject to vesting and certain other restrictions. The transactions were conducted as open market sales through a broker-dealer, with prices varying within the specified range. This activity reflects Riley’s ongoing management of his investment in the company, as disclosed in the recent SEC filing. The company maintains a strong financial health score according to InvestingPro, with a 75.3% gross profit margin and consistent dividend growth over the past four years. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Riley Exploration Permian Inc. reported its fourth-quarter 2024 earnings, revealing a notable miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.96, falling short of the expected $1.60, while revenue reached $102.7 million, below the anticipated $106.26 million. Despite these results, the company experienced a 22% increase in total production and a 15% rise in oil production for the year. Riley Exploration Permian has been actively investing in infrastructure and power projects, aiming to enhance operational efficiencies and strategic growth. The company has also planned to increase its drilling and completion capital expenditures by 9% for 2025, with significant investments in midstream and power projects. Analysts have noted the company’s focus on disciplined capital allocation and strategic infrastructure investments. Looking forward, Riley Exploration Permian anticipates a total production growth of 9-14% for 2025, with oil production expected to increase by 5-8%. These developments indicate the company’s commitment to maintaining a competitive position in the industry.
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