Summary
• Riley Exploration Permian, Inc. (REPX) shares rose 6.5% to $26.99 after announcing a $100 million share repurchase program.
• The repurchase program is scheduled for the next 24 months and is designed to enhance shareholder value.
• Despite the increase, REPX has experienced a 22.2% decline over the past year, with analysts maintaining a “Buy” rating.
Riley Exploration Permian, Inc. (NYSE: REPX) saw a notable increase of 6.5%, with its current price rising to $26.99 from the previous close of $25.34 during after-hours trading. This movement follows the company’s announcement of a new share repurchase program authorized by the board of directors, which is set to enhance shareholder value.
Strategic Move with Share Repurchase Program
On December 16, 2025, Riley Exploration announced the initiation of a share repurchase program aimed at repurchasing up to $100 million of its outstanding shares over the next 24 months. This program is expected to be implemented through written trading plans under the Securities Exchange Act of 1934, facilitating a structured approach to the repurchase.
The timing of this new program may signal to investors a commitment to returning capital and potentially improving share valuation, making it a strategic maneuver in the current market environment.
Recent Developments
In addition to the latest repurchase announcement, Riley Exploration has been active in other areas. On December 4, the company disclosed the sale of its New Mexico midstream project for a cash price of approximately $111 million. This transaction aligns with their strategy of optimizing asset management, allowing them to focus on core operations while gaining liquidity.
There have also been notable insider transactions from Bluescape Riley Exploration Holdings LLC, which involve significant share sales earlier this month. These transactions indicate some level of activity within major stakeholders, although they may not directly correlate with the enhanced buying initiative.
[chart type=’insiders’ value=’REPX’]
Market and Technical Picture
Looking at the market performance, Riley Exploration’s stock is currently facing downward pressure, having declined 22.2% over the past year. Investors may note that the company’s 10-day average volume stands at approximately 146,222 shares, compared to a three-month average of 127,856 shares, indicating growing interest or activity around its stock following management’s recent announcements.
The stock is trading 5.97% below its 20-day simple moving average (SMA), and the situation reflects volatility with a relative strength index (RSI) of 38.69, suggesting the stock is nearing oversold territory.
[chart type=’price’ value=’REPX’]
Analyst Sentiment and Outlook
Analysts currently rate Riley Exploration as a “Buy,” suggesting a generally favorable outlook despite the recent price declines. The company’s reported earnings last quarter revealed a significant surprise, with actual earnings of $0.768 falling short of the estimated $0.97. However, prior to this, the performance had surpassed estimates, indicating mixed signals on financial stability.
As investors digest the implications of the newly announced share repurchase program alongside other recent corporate actions, attention will remain focused on how these strategic decisions play out in market performance.
With the latest update reflected in trading, investors will be monitoring how the stock’s volume and momentum develop in the next session.