Riley Exploration Permian, Inc. (NYSE:REPX) Announces $0.36 Quarterly Dividend

Riley Exploration Permian, Inc. (NYSE:REPX) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Thursday, April 25th will be given a dividend of 0.36 per share on Thursday, May 9th. This represents a $1.44 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Wednesday, April 24th.

Riley Exploration Permian has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Riley Exploration Permian to earn $7.86 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 18.3%.

Riley Exploration Permian Stock Up 0.6 %

Riley Exploration Permian stock opened at $28.00 on Tuesday. The firm has a market cap of $571.20 million, a price-to-earnings ratio of 5.67 and a beta of 1.26. Riley Exploration Permian has a 52 week low of $21.27 and a 52 week high of $46.70. The business’s 50-day moving average price is $27.71 and its 200 day moving average price is $26.93. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Riley Exploration Permian (NYSE:REPX) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.91). The business had revenue of $99.83 million for the quarter, compared to analysts’ expectations of $94.77 million. Riley Exploration Permian had a return on equity of 25.08% and a net margin of 29.75%. As a group, sell-side analysts anticipate that Riley Exploration Permian will post 7.14 earnings per share for the current year.

Insiders Place Their Bets

In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the transaction, the chief executive officer now owns 364,198 shares in the company, valued at $10,274,025.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Riley Exploration Permian news, CEO Bobby Riley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.21, for a total transaction of $423,150.00. Following the transaction, the chief executive officer now owns 364,198 shares in the company, valued at $10,274,025.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Riley Exploration Ho Bluescape sold 700,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $25.52, for a total value of $17,864,000.00. Following the transaction, the insider now owns 4,521,767 shares in the company, valued at approximately $115,395,493.84. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

About Riley Exploration Permian

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.