Media coverage about RSP Permian (NYSE:RSPP) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RSP Permian earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the oil and natural gas company an impact score of 46.7310767982153 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
RSPP has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Northland Securities reissued a “buy” rating and issued a $52.00 target price on shares of RSP Permian in a report on Wednesday, November 1st. Zacks Investment Research raised RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 target price (up previously from $45.00) on shares of RSP Permian in a report on Tuesday, December 19th. Finally, BidaskClub raised RSP Permian from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. RSP Permian currently has an average rating of “Buy” and an average price target of $47.93.
RSP Permian (RSPP) traded up $1.74 during midday trading on Wednesday, hitting $35.96. The stock had a trading volume of 2,420,000 shares, compared to its average volume of 2,380,000. 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 has a 1 year low of $28.76 and a 1 year high of $44.11. The company has a market capitalization of $5,700.00, a P/E ratio of 59.93, a P/E/G ratio of 0.49 and a beta of 1.97.
In related news, VP Erik B. Daugbjerg sold 19,973 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $37.27, for a total transaction of $744,393.71. Following the completion of the sale, the vice president now owns 203,598 shares in the company, valued at $7,588,097.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the sale, the director now owns 8,052,851 shares of the company’s stock, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. Insiders sold 233,473 shares of company stock worth $9,073,416 in the last ninety days. Corporate insiders own 15.00% of the company’s stock.
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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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