RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 21,000 shares of RSP Permian stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $31.15, for a total transaction of $654,150.00. Following the sale, the director now owns 8,136,851 shares in the company, valued at approximately $253,462,908.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of RSP Permian, Inc. (NYSE RSPP) traded up 0.22% during midday trading on Friday, reaching $31.23. 2,252,877 shares of the company’s stock traded hands. RSP Permian, Inc. has a 52-week low of $28.76 and a 52-week high of $46.92. The stock’s 50 day moving average price is $31.28 and its 200 day moving average price is $35.61. The firm has a market capitalization of $4.95 billion, a P/E ratio of 57.62 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $183.10 million during the quarter, compared to the consensus estimate of $185.01 million. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The company’s quarterly revenue was up 124.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, equities research analysts anticipate that RSP Permian, Inc. will post $0.73 EPS for the current fiscal year.
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RSPP has been the subject of a number of recent analyst reports. TheStreet raised shares of RSP Permian from a “c” rating to a “b” rating in a research report on Monday, May 22nd. Credit Suisse Group began coverage on shares of RSP Permian in a research report on Thursday, June 1st. They set an “outperform” rating and a $59.00 price target for the company. Williams Capital began coverage on shares of RSP Permian in a report on Monday, June 12th. They issued a “buy” rating and a $47.00 price objective for the company. Wolfe Research began coverage on shares of RSP Permian in a report on Thursday, June 15th. They issued an “outperform” rating and a $45.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 price objective on shares of RSP Permian in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. RSP Permian currently has an average rating of “Buy” and an average price target of $47.67.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of RSP Permian by 65.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after acquiring an additional 1,705 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new position in shares of RSP Permian in the second quarter valued at approximately $210,000. Sentry Investment Management LLC bought a new position in shares of RSP Permian in the second quarter valued at approximately $210,000. 1st Global Advisors Inc. grew its holdings in shares of RSP Permian by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 6,594 shares of the oil and natural gas company’s stock valued at $273,000 after acquiring an additional 121 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of RSP Permian in the first quarter valued at approximately $279,000. 86.60% of the stock is owned by institutional investors.
RSP Permian Company Profile
RSP Permian, Inc is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, and the Delaware Basin, both sub-basins of the Permian Basin.
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