New insider activity at Riley Exploration Permian ( (REPX) ) has taken place on April 2, 2025.
Significant shareholder Alvin Gerald Libin has made a notable investment by purchasing 12,000 shares of Riley Exploration Permian stock. This transaction is valued at $351,840, highlighting Libin’s confidence in the company’s potential.
Recent Updates on REPX stock
Riley Exploration Permian has recently reported strong financial and operational results, with a 15% growth in oil production and a 22% increase in total production, surpassing initial targets. The company also achieved a 27% reduction in upstream cash capital expenditures, highlighting its operational efficiency. Strategic investments include a New Mexico midstream project and power joint ventures, aimed at enhancing operational control and commercial opportunities. Despite potential delays due to regulatory challenges, the company remains optimistic about its growth prospects, focusing on capital efficiency and strategic infrastructure investments. These developments have contributed to a positive outlook on the stock, with analysts adjusting price targets based on the company’s robust performance and strategic initiatives.
More about Riley Exploration Permian
YTD Price Performance: -7.66%
Average Trading Volume: 97,888
Technical Sentiment Signal: Hold
Current Market Cap: $627.3M