Riley Exploration Permian ( (REPX) ) just unveiled an announcement.
On May 3, 2025, Riley Exploration Permian, Inc. announced a securities purchase agreement to acquire Silverback Exploration II, LLC for approximately $142 million. This acquisition, expected to close in the third quarter of 2025, will add significant production capacity and undeveloped locations to Riley Permian’s portfolio. The company reported strong financial results for the first quarter of 2025, with $50 million in operating cash flow and a reduction in debt by $21 million. Despite market volatility, Riley Permian is optimistic about the acquisition’s long-term benefits, including enhanced upstream development potential and support for its gas midstream infrastructure investments in New Mexico.
Spark’s Take on REPX Stock
According to Spark, TipRanks’ AI Analyst, REPX is a Outperform.
Riley Exploration Permian’s stock is well-positioned with strong financial performance, attractive valuation, and positive strategic moves enhancing liquidity. While technical indicators show mixed signals, the company’s overall strength in financial health and strategic initiatives supports a favorable outlook.
To see Spark’s full report on REPX stock, click here.
More about Riley Exploration Permian
Riley Exploration Permian, Inc. operates in the oil and natural gas industry, focusing on upstream exploration and production activities. The company is primarily involved in the development of oil and natural gas assets in the Permian Basin, with a market focus on increasing production and expanding its asset base.
Average Trading Volume: 99,298
Technical Sentiment Signal: Sell
Current Market Cap: $545.6M
See more insights into REPX stock on TipRanks’ Stock Analysis page.