RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the completion of the transaction, the director now directly owns 8,052,851 shares in the company, valued at $286,762,024.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
RSP Permian, Inc. (NYSE RSPP) opened at $36.11 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.84. RSP Permian, Inc. has a 52-week low of $28.76 and a 52-week high of $46.92. The stock has a market capitalization of $5,727.02, a price-to-earnings ratio of 59.20, a price-to-earnings-growth ratio of 1.79 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 115.5% compared to the same quarter last year. equities research analysts expect that RSP Permian, Inc. will post 0.78 earnings per share for the current year.
RSPP has been the topic of several recent analyst reports. Zacks Investment Research raised RSP Permian from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, October 11th. ValuEngine lowered RSP Permian from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub raised RSP Permian from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Stifel Nicolaus set a $43.00 price objective on RSP Permian and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, KeyCorp reissued a “buy” rating and set a $49.00 price objective on shares of RSP Permian in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.88.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC bought a new position in RSP Permian in the 3rd quarter valued at $233,000. California Public Employees Retirement System raised its position in RSP Permian by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 163,700 shares of the oil and natural gas company’s stock valued at $5,662,000 after purchasing an additional 3,900 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in RSP Permian in the 3rd quarter valued at $411,000. 3G Capital Partners LP raised its position in RSP Permian by 42.9% in the 3rd quarter. 3G Capital Partners LP now owns 1,000,000 shares of the oil and natural gas company’s stock valued at $34,590,000 after purchasing an additional 300,000 shares during the last quarter. Finally, Highbridge Capital Management LLC raised its position in RSP Permian by 1,344.6% in the 3rd quarter. Highbridge Capital Management LLC now owns 111,115 shares of the oil and natural gas company’s stock valued at $3,843,000 after purchasing an additional 103,423 shares during the last quarter. Hedge funds and other institutional investors own 83.77% of the company’s stock.
About RSP Permian
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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