William Blair Starts Riley Exploration Permian Inc. (REPX) at Outperform

William Blair analyst Neal Dingmann initiates coverage on Riley Exploration Permian Inc. (NYSE: REPX) with a Outperform rating.

The analyst comments "Thesis. Despite being an oily E&P, Riley’s unique assets and efficient operations provide solid free cash flow (FCF) even when oil prices are relatively weak. In addition, the company’s power joint venture (JV) and New Mexico gas midstream offer further upside potential. The strong balance sheet and stable activity will result in continued solid shareholder return."

For an analyst ratings summary and ratings history on Riley Exploration Permian Inc. click here. For more ratings news on Riley Exploration Permian Inc. click here.

Shares of Riley Exploration Permian Inc. closed at $25.34 yesterday.

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