Riley Exploration Permian (NYSE:REPX) Trading Down 6% Following Analyst Downgrade

Posted by Brenda Bartman on May 28th, 2026

Riley Exploration Permian, Inc. (NYSE:REPX – Get Free Report) shares were down 6% during trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $36.27 and last traded at $36.27. Approximately 150,444 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 376,875 shares. The stock had previously closed at $38.60.

A number of other equities analysts have also recently issued reports on REPX. Truist Financial began coverage on Riley Exploration Permian in a report on Tuesday, March 24th. They set a “buy” rating and a $47.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Riley Exploration Permian in a report on Thursday, March 5th. Finally, Roth Mkm reiterated a “buy” rating on shares of Riley Exploration Permian in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $41.50.

Check Out Our Latest Analysis on Riley Exploration Permian

Insider Transactions at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 12,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $34.45, for a total transaction of $430,625.00. Following the completion of the transaction, the chief executive officer owned 313,020 shares in the company, valued at approximately $10,783,539. This represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Corey Neil Riley sold 3,500 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $34.37, for a total value of $120,295.00. Following the transaction, the insider owned 148,472 shares of the company’s stock, valued at approximately $5,102,982.64. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Riley Exploration Permian

Large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Riley Exploration Permian during the 4th quarter worth about $27,000. Royal Bank of Canada boosted its stake in shares of Riley Exploration Permian by 210.9% during the 4th 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 last quarter. Quarry LP acquired a new position in shares of Riley Exploration Permian during the 3rd quarter worth about $46,000. Advisory Services Network LLC acquired a new position in shares of Riley Exploration Permian during the 3rd quarter worth about $65,000. Finally, Parkwood LLC acquired a new position in shares of Riley Exploration Permian during the 3rd quarter worth about $68,000. 58.91% of the stock is currently owned by institutional investors and hedge funds.

Riley Exploration Permian Stock Performance

The stock’s 50 day moving average price is $36.34 and its 200 day moving average price is $30.74. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $765.87 million, a price-to-earnings ratio of 6.26 and a beta of 0.93.

Riley Exploration Permian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, April 29th. Riley Exploration Permian’s dividend payout ratio is currently 56.14%.

Riley Exploration Permian Company Profile

(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.