Media stories about RSP Permian (NYSE:RSPP) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RSP Permian earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the oil and natural gas company an impact score of 47.1924175722166 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
A number of analysts recently issued reports on RSPP shares. Williams Capital lowered their target price on RSP Permian from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. 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. Jefferies Group reissued a “buy” rating and set a $47.00 price target on shares of RSP Permian in a research report on Tuesday, October 10th. 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, Northland Securities restated a “buy” rating and set a $52.00 price objective on shares of RSP Permian in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. RSP Permian has an average rating of “Buy” and an average price target of $46.32.
RSP Permian (RSPP) traded up $0.07 during mid-day trading on Friday, hitting $42.09. 1,280,969 shares of the stock were exchanged, compared to its average volume of 1,850,319. The company has a market cap of $6,675.43, a PE ratio of 69.00, a PEG ratio of 1.05 and a beta of 2.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian has a one year low of $28.76 and a one year high of $44.11.
RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue was up 115.5% on a year-over-year basis. research analysts forecast that RSP Permian will post 0.81 EPS for the current year.
In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $35.61, for a total value of $1,495,620.00. Following the completion of the sale, the director now owns 8,052,851 shares in the company, valued at approximately $286,762,024.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott K. Mcneill sold 25,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.05, for a total transaction of $926,250.00. Following the completion of the sale, the chief financial officer now owns 94,477 shares of the company’s stock, valued at approximately $3,500,372.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,596 shares of company stock worth $7,801,254. 15.00% of the stock is owned by insiders.
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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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