Media stories about RSP Permian (NYSE:RSPP) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RSP Permian earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 46.3903111647983 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Top Buys by Top Brass: Chief Executive Officer Gray’s $299.9K Bet on RSPP (nasdaq.com)
- United States Steel Corporation (X) Eye Catching Move in Focus- RSP Permian, Inc. (RSPP) – Investing News Update (investingbizz.com)
- Head-To-Head Review: RSP Permian (RSPP) & The Competition (americanbankingnews.com)
- RSP Permian (RSPP) and Its Competitors Head-To-Head Analysis (americanbankingnews.com)
- Top Buys by Directors: Gray’s $299.9K Bet on RSPP (nasdaq.com)
RSP Permian (NYSE:RSPP) traded down $0.77 during midday trading on Wednesday, hitting $35.57. The stock had a trading volume of 1,536,866 shares, compared to its average volume of 2,037,083. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market cap of $5,650.00, a P/E ratio of 60.13, a P/E/G ratio of 1.77 and a beta of 2.15. RSP Permian has a 52-week low of $28.76 and a 52-week high of $46.92.
RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The company’s quarterly revenue was up 115.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. equities analysts expect that RSP Permian will post 0.79 EPS for the current fiscal year.
Several research firms have recently commented on RSPP. Zacks Investment Research raised shares of RSP Permian from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BMO Capital Markets set a $42.00 price target on shares of RSP Permian and gave the company a “buy” rating in a research report on Tuesday, August 8th. Williams Capital set a $47.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a report on Tuesday, August 8th. Imperial Capital initiated coverage on shares of RSP Permian in a report on Tuesday, August 15th. They issued an “outperform” rating and a $42.00 target price for the company. Finally, Roth Capital set a $44.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. RSP Permian currently has an average rating of “Buy” and a consensus price target of $47.00.
In other news, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total transaction 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 approximately $286,762,024.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ted Collins, Jr. sold 21,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $34.78, for a total value of $730,380.00. Following the transaction, the director now owns 8,094,851 shares of the company’s stock, valued at $281,538,917.78. The disclosure for this sale can be found here. Insiders have sold a total of 147,000 shares of company stock valued at $4,974,900 over the last quarter. Corporate insiders own 15.00% 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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