Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
28 December 1998Website:
http://www.rileypermian.comNext earnings report:
07 August 2024Last dividends:
24 January 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 20:04:01 GMTAnalysts recommendations
Institutional Ownership
REPX Latest News
Riley Exploration Permian, Inc. is a small independent oil and gas exploration company operating in the Permian Basin of West Texas. Riley Exploration Permian has a strong free cash flow generation and pays a dividend yield of 4.93%. Despite its small size and lower dividend yield compared to peers, Riley Exploration Permian has been growing its dividend at a decent pace and is trading at an attractive valuation.
Riley Exploration Permian, Inc. has approved a cash dividend of $0.36 per share for its common stock, payable on May 9, 2024 to shareholders of record as of April 25, 2024.
5.22% dividend yield, maintained even at $40/bbl WTI. Strong free cash flow, at $75/bbl WTI REPX expects $100 million in FCF for 2024. Estimated 18.3% production growth for 2024 without a meaningful increase in costs. Strong geographic position, operating in a lower-cost and lower-decline rate location compared to the median Permian field.
Riley Exploration Permian is projected to generate $119 million in 2024 free cash flow at the current strip. This free cash flow generation is combined with mid-to-high single-digit production growth from 2H 2023 levels. The Company's leverage should drop below 1.0x by late 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Riley Exploration Permian, Inc. (NYSE:REPX ) Q4 2023 Earnings Conference March 7, 2024 10:00 AM ET Company Participants Philip Riley - CFO and EVP of Strategy Bobby Riley - Chairman and CEO Conference Call Participants Neal Dingmann - Truist Securities Jeffrey Robertson - Water Tower Research Noel Parks - Tuohy Brothers Gary Kennedy - Kennedy Trust Investments Operator Welcome to the Riley Exploration Permian's Fourth Quarter 2023 Earnings Conference Call. At this time, participants are in a listen-only mode with a question-and-answer session to follow at the end of the presentation.
Riley Permian (REPX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Riley Exploration Permian, Inc. (REPX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Riley Exploration Permian is a $448 million market cap company paying a 6.6% annualized dividend. It drills horizontal wells—focusing on waterfloods—in conventional formations (not shales) in the Northwest Shelf. The company's heavy combined insider and private equity (67.9% total) ownership could mean outside investors have little say. The quarterly dividend of $0.36/share is payable February 8 for holders as of January 25.
Small caps, particularly Riley Exploration Permian Inc, are a promising investment in 2024 due to the US's high oil production levels. REPX has a low stock price and generates consistent free cash flow, making it an attractive dividend play. REPX focuses on the San Andres Formation in the Permian Basin, a region known for its favorable production costs and infrastructure, indicating strong growth potential.
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What type of business is 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 San Andres Formation, a shelf margin deposit on the Central Basin Platform and Northwest Shelf. Its acreage is primarily located on contiguous blocks in Yoakum County, Texas; and Lea and Roosevelt Counties, New Mexico. As of September 30, 2021, the company had approximately 31,352 net acres and a total of 77 net producing wells. Riley Exploration Permian, Inc. is headquartered in Oklahoma City, Oklahoma.
What sector is Riley Exploration Permian in?
Riley Exploration Permian is in the Energy sector
What industry is Riley Exploration Permian in?
Riley Exploration Permian is in the Oil & Gas Equipment & Services industry
What country is Riley Exploration Permian from?
Riley Exploration Permian is headquartered in United States
When did Riley Exploration Permian go public?
Riley Exploration Permian initial public offering (IPO) was on 28 December 1998
What is Riley Exploration Permian website?
https://www.rileypermian.com
Is Riley Exploration Permian in the S&P 500?
No, Riley Exploration Permian is not included in the S&P 500 index
Is Riley Exploration Permian in the NASDAQ 100?
No, Riley Exploration Permian is not included in the NASDAQ 100 index
Is Riley Exploration Permian in the Dow Jones?
No, Riley Exploration Permian is not included in the Dow Jones index
When does Riley Exploration Permian report earnings?
The next expected earnings date for Riley Exploration Permian is 07 August 2024