Riley Exploration Permian (REPX) Surges 8.6%: Is This an Indication of Further Gains?

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Riley Exploration Permian (REPX) Surges 8.6%: Is This an Indication of Further Gains? April 08, 2026 — 03:00 am EDT Written by Zacks Equity Research for Zacks-> Riley Exploration Permian, Inc. (REPX) shares soared 8.6% in the last trading session to close at $40. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.1% gain over the past four weeks.Riley Exploration Permian surged 8.6% as soaring oil prices boosted investor interest in Permian Basin E&P stocks, amid escalating U.S.-Iran tensions over the Strait of Hormuz. The rally was further supported by strong trading volume, fresh analyst upgrades and higher price targets, along with bullish sentiment driven by the company’s 34% EPS growth and a $100 million share buyback program.This company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of -37%. Revenues are expected to be $117.55 million, up 14.7% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Riley Exploration Permian, the consensus EPS estimate for the quarter has been revised 14.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on REPX going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Riley Exploration Permian belongs to the Zacks Oil and Gas - Exploration and Production - United States industry. Another stock from the same industry, CNX Resources Corporation. (CNX), closed the last trading session 0.1% higher at $39.74. Over the past month, CNX has returned -2.7%.CNX Resources' consensus EPS estimate for the upcoming report has changed +0.4% over the past month to $0.87. Compared to the company's year-ago EPS, this represents a change of +11.5%. CNX Resources currently boasts a Zacks Rank of #3 (Hold). Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportRiley Exploration Permian, Inc. (REPX) : Free Stock Analysis ReportCNX Resources Corporation. (CNX) : Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags Stocks Zacks Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com. More articles by this source-> Stocks mentioned REPX CNX More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.