RSP Permian Inc (NYSE:RSPP) insider Wallace Family Partnership, Lp sold 32,623 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $42.52, for a total transaction of $1,387,129.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of RSP Permian Inc (RSPP) traded up $0.07 during trading hours on Friday, reaching $42.09. The company’s stock had a trading volume of 1,275,449 shares, compared to its average volume of 2,000,278. The company has a market cap of $6,680.00, a PE ratio of 70.15, a P/E/G ratio of 1.03 and a beta of 2.15. RSP Permian Inc has a 12-month low of $28.76 and a 12-month high of $44.11. 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 (NYSE:RSPP) last announced its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted ($0.01) EPS. sell-side analysts expect that RSP Permian Inc will post 0.81 EPS for the current fiscal year.
Several research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and set a $51.00 price target on shares of RSP Permian in a research report on Thursday. Piper Jaffray Companies reiterated a “buy” rating and set a $50.00 price target on shares of RSP Permian in a research report on Tuesday. Jefferies Group set a $48.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Royal Bank of Canada set a $47.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.32.
Large investors have recently made changes to their positions in the business. Anchor Bolt Capital LP bought a new stake in RSP Permian during the 3rd quarter worth about $13,494,000. Third Point LLC raised its holdings in RSP Permian by 19.5% during the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock worth $159,114,000 after purchasing an additional 750,000 shares during the last quarter. Mitchell Group Inc. bought a new stake in RSP Permian during the 3rd quarter worth about $13,825,000. Eagle Asset Management Inc. raised its holdings in RSP Permian by 21.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 3,836,027 shares of the oil and natural gas company’s stock worth $133,877,000 after purchasing an additional 669,488 shares during the last quarter. Finally, State Street Corp increased its stake in shares of RSP Permian by 6.1% in the 2nd quarter. State Street Corp now owns 3,833,760 shares of the oil and natural gas company’s stock valued at $123,714,000 after acquiring an additional 219,177 shares during the last quarter. 86.19% of the stock is owned by hedge funds and other institutional investors.
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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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