Riley Exploration Permian, Inc. (REPX) experienced an 8.6% increase in share price, closing at $40 amid rising oil prices and heightened investor interest in Permian Basin stocks, driven by U.S.-Iran tensions. This surge occurred during a trading session with significantly higher volume than usual, marking a 13.1% rise over the past four weeks.
In its upcoming quarterly earnings report, REPX is expected to post an earnings-per-share (EPS) of $1.02, a 37% decline year-over-year, with revenues projected at $117.55 million, reflecting a 14.7% increase from the previous year. Additionally, the consensus EPS estimate has been revised 14.5% higher over the last month, indicating potential for price appreciation.
In contrast, CNX Resources Corporation (CNX) closed 0.1% higher at $39.74, with a consensus EPS estimate of $0.87, an 11.5% increase year-over-year. Both companies belong to the Zacks Oil and Gas – Exploration and Production – United States industry, where REPX currently holds a Zacks Rank of #2 (Buy).
