RSP Permian Inc (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $41.47, for a total value of $1,741,740.00. Following the completion of the sale, the director now directly owns 7,968,851 shares in the company, valued at approximately $330,468,250.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of RSP Permian Inc (NYSE RSPP) traded up $0.07 during mid-day trading on Friday, hitting $42.09. The stock had a trading volume of 1,275,449 shares, compared to its average volume of 2,000,278. RSP Permian Inc has a one year low of $28.76 and a one year high of $44.11. The firm has a market cap of $6,680.00, a PE ratio of 70.15, a PEG ratio of 1.03 and a beta of 2.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same period last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 115.5% on a year-over-year basis. sell-side analysts predict that RSP Permian Inc will post 0.81 EPS for the current year.
RSPP has been the topic of several recent analyst reports. Northland Securities set a $48.00 target price on RSP Permian and gave the company a “buy” rating in a research note on Monday, December 11th. Zacks Investment Research downgraded RSP Permian from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Credit Suisse Group initiated coverage on RSP Permian in a research note on Monday, December 11th. They set an “outperform” rating and a $44.00 target price on the stock. Royal Bank of Canada lifted their target price on RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Finally, Scotiabank reaffirmed a “buy” rating and set a $43.00 target price on shares of RSP Permian in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.32.
Several hedge funds have recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in shares of RSP Permian in the 3rd quarter worth $233,000. California Public Employees Retirement System grew its holdings in shares of 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 worth $5,662,000 after acquiring an additional 3,900 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of RSP Permian in the 3rd quarter worth $411,000. 3G Capital Partners LP grew its holdings in shares of 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 worth $34,590,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Highbridge Capital Management LLC grew its holdings in shares of 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 worth $3,843,000 after acquiring an additional 103,423 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.
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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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