Riley Exploration Permian, Inc. (REPX) closed at $36.58, experiencing a 12.9% increase over the past four weeks. Wall Street analysts’ average price target for the stock is set at $53.50, indicating a potential upside of 46.3%. The price targets range from a low of $36.00 to a high of $79.00, with a standard deviation of $18.27, reflecting analysts’ varying predictions.
In the last month, the Zacks Consensus Estimate for REPX’s earnings has surged by 78.3%, with three positive revisions and no cuts in estimates. REPX currently holds a Zacks Rank of #2 (Buy), placing it among the top 20% of over 4,000 ranked stocks based on earnings estimates. This upward trend in earnings estimations supports the potential for further increases in stock price.
