Riley Exploration Permian (REPX) saw its stock price surge 5.18% in Thursday's intraday trading session, riding a wave of positive analyst coverage.
The bullish sentiment came from two analysts who recently weighed in on the energy exploration company. Roth MKM analyst John M. White maintained a Buy rating on REPX and set a price target of $49.50, implying significant upside from current levels.
Another analyst also gave REPX a favorable rating, contributing to the optimism surrounding the stock. With energy stocks in focus amid high oil and gas prices, analysts see further upside potential for REPX based on its attractive assets and growth prospects in the Permian Basin.
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