RSP Permian Inc (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $41.47, for a total transaction of $1,741,740.00. Following the transaction, the director now owns 7,968,851 shares in the company, valued at approximately $330,468,250.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of RSP Permian Inc (RSPP) opened at $42.09 on Friday. RSP Permian Inc has a twelve month low of $28.76 and a twelve month high of $44.11. The firm has a market cap of $6,680.00, a PE ratio of 70.15, a P/E/G ratio of 1.05 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 announced its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The firm’s revenue for the quarter was up 115.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. equities analysts forecast that RSP Permian Inc will post 0.81 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its position in RSP Permian by 65.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after purchasing an additional 1,705 shares during the period. Gluskin Sheff & Assoc Inc. purchased a new position in RSP Permian during the 2nd quarter valued at about $210,000. Sentry Investment Management LLC purchased a new position in RSP Permian during the 2nd quarter valued at about $210,000. Fieldpoint Private Securities LLC purchased a new position in RSP Permian during the 3rd quarter valued at about $233,000. Finally, GSA Capital Partners LLP purchased a new position in RSP Permian during the 2nd quarter valued at about $225,000. 86.19% of the stock is currently owned by institutional investors and hedge funds.
RSPP has been the subject of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Barclays increased their price objective on shares of RSP Permian from $38.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Northland Securities reaffirmed a “buy” rating and set a $52.00 target price on shares of RSP Permian in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $47.00 target price on shares of RSP Permian in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.32.
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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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