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CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)

On June 10, 2024, Bobby Riley, CEO of Riley Exploration Permian Inc (REPX), sold 10,020 shares of the company’s stock. According to the SEC filing, the transaction was performed at a share price of $26.57 per share. Following this transaction, the insider now owns 381,658 shares of the company’s stock.

Riley Exploration Permian Inc (REPX) is engaged in the acquisition, exploration and development of oil and natural gas properties located primarily in the Permian Basin of West Texas. The company focuses on applying advanced drilling and processing techniques to maximize oil and natural gas recovery.

Over the past year, Bobby Riley has sold a total of 32,520 shares and purchased no shares of the company. Riley Exploration Permian Inc.’s insider transaction history shows a pattern of more sales than purchases among insiders, with 13 insider sales and only 2 insider purchases over the past year.

Riley Exploration Permian Inc. shares traded at $26.57 on the day of the sale, giving the company a market capitalization of $600.211 million. The stock’s price-to-earnings ratio is 5.66, which is below the industry median of 11.34 and the company’s historical median.

According to GF Value, the intrinsic value of the stock is estimated at $45.09, which suggests that Riley Exploration Permian Inc. is significantly undervalued with a Price to GF Value ratio of 0.59.

Insider sale: CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)Insider sale: CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)

Insider sale: CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)

The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted for the company’s past performance and estimated future business results.

Insider sale: CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)Insider sale: CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)

Insider sale: CEO Bobby Riley sells shares of Riley Exploration Permian Inc (REPX)

This recent insider sale may be of interest to investors who follow insider behavior as an indicator of confidence in the company’s future prospects.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in the stocks mentioned here.

This article first appeared on GuruFocus.

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