Riley Exploration Stock Price Increased 29.83%: Why It Happened

By Amit Chowdhry ● April 9, 2021
  • The stock price of Riley Exploration (NYSEAMERICAN: REPX) increased 29.83%. This is why it happened.

The stock price of Riley Exploration (NYSEAMERICAN: REPX) increased 29.83% as it went from a previous close of $24.61 to $31.95 and it hit a day high of $45. Investors were responding to a bullish report from Roth Capital.

Riley Exploration was initiated with a “Buy” rating and a $42 price target by Roth Capital. And Roth Capital analyst John White said that Riley fulfills the requirements of the current investor check list, including free cash flow, debt to EBITDA of 1x, and the expectation of year-over-year production growth of 18% this year.

Plus the company is planning to return capital to shareholders as the stock has a 4.4% dividend yield.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.