Riley Exploration Permian has seen its share price move sharply in recent years, so the question now is whether the current valuation lines up with what the business is earning. With that kind of backdrop, you need to ask if the recent market enthusiasm around Riley Exploration Permian stock is fully supported by its profit profile. Over the past 5 years the stock has returned about 158.4%, which puts real weight on whether those gains are grounded in sustainable earnings power. Management…