Truist Financial Cuts Riley Exploration Permian (NYSE:REPX) Price Target to $41.00

Posted by Brenda Bartman on Aug 12th, 2026

Riley Exploration Permian (NYSE:REPX – Get Free Report) had its price objective cut by equities research analysts at Truist Financial from $47.00 to $41.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 13.92% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Roth Capital reaffirmed a “buy” rating and set a $45.00 price objective on shares of Riley Exploration Permian in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Check Out Our Latest Stock Analysis on REPX

Riley Exploration Permian Stock Down 1.5%

Shares of Riley Exploration Permian stock traded down $0.53 during trading hours on Wednesday, hitting $35.99. The company had a trading volume of 65,092 shares, compared to its average volume of 328,089. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. Riley Exploration Permian has a twelve month low of $24.08 and a twelve month high of $41.53. The company has a market cap of $797.32 million, a P/E ratio of 6.38 and a beta of 0.93. The company’s 50-day moving average is $34.08 and its two-hundred day moving average is $33.56.

Insider Buying and Selling

In related news, CEO Bobby Riley sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $35.85, for a total transaction of $448,125.00. Following the transaction, the chief executive officer directly owned 482,983 shares of the company’s stock, valued at approximately $17,314,940.55. The trade was a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in Riley Exploration Permian during the 4th quarter worth approximately $27,000. Royal Bank of Canada increased its position in Riley Exploration Permian by 210.9% in the fourth quarter. Royal Bank of Canada now owns 1,138 shares of the company’s stock worth $31,000 after buying an additional 772 shares during the period. Allworth Financial LP bought a new stake in shares of Riley Exploration Permian during the second quarter valued at approximately $42,000. Quarry LP acquired a new stake in Riley Exploration Permian in the third quarter worth about $46,000. Finally, Advisory Services Network LLC bought a new stake in shares of Riley Exploration Permian in the 3rd quarter worth $65,000. 58.91% of the stock is currently owned by institutional investors.

About Riley Exploration Permian

(Get Free Report)

Riley Exploration Permian, Inc (NYSE:REPX) is a special purpose acquisition company formed to identify, acquire and operate assets in the oil and natural gas sector, with a dedicated focus on the Permian Basin. Incorporated in Delaware, the company completed its initial public offering on the New York Stock Exchange and is positioned to pursue a business combination with one or more upstream or midstream energy businesses. Riley Exploration Permian’s strategy centers on leveraging the region’s prolific reservoirs and existing infrastructure to drive growth and value for its shareholders.

The company seeks to target exploration and production assets in both the Midland and Delaware sub-basins of West Texas and southeastern New Mexico, where extensive pipeline networks and favorable geologic characteristics support efficient development.