Riley Exploration Permian: An Excellent Growth Prospect With More Room To Run

Riley Exploration Permian is rated a buy, driven by robust Q2 results, strong management execution, and a compelling risk/reward profile. REPX trades at a relative discount to peers and its historical multiples, with a superior balance sheet and attractive dividend yield.

Production guidance was raised to 22,500-23,500 bbl/d (30% YoY growth), supported by outperformance at Silverback and upcoming infrastructure catalysts. Shareholder returns are prioritized via dividends and buybacks, while M&A and midstream projects offer additional upside optionality.

Shares of Riley Exploration Permian, Inc. ( REPX ) have shot up over 10% following a solid Q2 print, but I think the stock still has a little more room to run.