Riley Exploration Permian Hits New 52-Week High

Shares of the oil and gas company reach new milestone as analysts weigh in on its performance.

Published on Mar. 5, 2026

Riley Exploration Permian, Inc. (NYSE:REPX) saw its stock price hit a new 52-week high on Thursday, trading as high as $31.68 per share. The company, which is focused on oil and gas exploration in the Permian Basin, has seen its shares rise in recent months as analysts have issued a mix of ratings on the stock.

Why it matters

Riley Exploration Permian's new 52-week high reflects growing investor confidence in the company's ability to capitalize on opportunities in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. The stock's performance also comes as the company has announced a share buyback program, signaling that its board believes the shares are undervalued.

The details

Riley Exploration Permian's stock price surge on Thursday came on heavy trading volume of over 314,000 shares. Analysts have issued a range of ratings on the stock, with one giving it a "Strong Buy" recommendation, another a "Buy" rating, and a third a "Hold" rating. The company's average analyst price target is $36, suggesting further upside potential.

  • Riley Exploration Permian's stock hit a new 52-week high of $31.68 on Thursday, March 5, 2026.

The players

Riley Exploration Permian, Inc.

An oil and gas exploration and production company focused on the Permian Basin in West Texas and southeastern New Mexico.

Bobby Riley

The CEO of Riley Exploration Permian, Inc.

Corey Neil Riley

An insider at Riley Exploration Permian, Inc. who recently sold shares in the company.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Riley Exploration Permian's new 52-week high reflects growing investor confidence in the company's ability to capitalize on opportunities in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. The stock's performance also comes as the company has announced a share buyback program, signaling that its board believes the shares are undervalued.