Insider Trading Report: Riley Exploration Permian (REPX)

Alvin Libin, a major owner at Riley Exploration Permian (REPX), recently added 7,500 shares. The buy increased his stake by 0.2 percent, and came to a total price of just over $187,000.

  • Special: This Company’s Share Price has Increased 1650% Since 2016
  • This insider has been a buyer back in August with multiple buys back at a lower price than where shares trade today. Another major holder has also been a buyer over the past few months, with insiders picking up over 200,000 shares in that timeframe.

    Overall, company insiders own nearly 44 percent of shares.

    Shares have already rallied 126 percent over the past year thanks to rising demand for energy and higher energy prices. Shares have hit a 52-week high of $79, before coming back down, so at current prices shares are still about two-thirds off their recent speculative high, but have been trending higher in recent weeks.

    As an exploration company, the company is just turning a profit, with revenue up 600 percent over the past year, and shares now trade at less than 7 times forward earnings.

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  • Action to take: Investors may like shares, as the company recently upped its dividend and yields nearly 5 percent. Shares have been growing rapidly over the past few quarters, but the stock’s market cap is still on the low side, so traders have no options to trade on shares at this time.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.