RSP Permian (NYSE:RSPP) is scheduled to announce its earnings results after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
RSP Permian (RSPP) opened at $35.19 on Monday. RSP Permian has a 52 week low of $28.76 and a 52 week high of $44.11. The stock has a market capitalization of $5,581.10, a price-to-earnings ratio of 57.69, a PEG ratio of 0.49 and a beta of 1.97. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.
In other news, VP Erik B. Daugbjerg sold 19,973 shares of the company’s stock in a transaction on 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 directly owns 203,598 shares of the company’s stock, valued at $7,588,097.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott K. Mcneill sold 25,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $37.05, for a total value of $926,250.00. Following the sale, the chief financial officer now directly owns 94,477 shares of the company’s stock, valued at $3,500,372.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,473 shares of company stock valued at $7,577,796. Insiders own 15.00% of the company’s stock.
Several research analysts have recently issued reports on RSPP shares. Northland Securities set a $48.00 price target on RSP Permian and gave the stock a “buy” rating in a research note on Monday, December 11th. Scotiabank reissued a “buy” rating and issued a $43.00 price target on shares of RSP Permian in a research note on Wednesday, November 22nd. Barclays reissued a “buy” rating on shares of RSP Permian in a research note on Tuesday, November 21st. BMO Capital Markets set a $46.00 price target on RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, KeyCorp reissued a “buy” rating and issued a $49.00 price target on shares of RSP Permian in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two 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 a consensus price target of $47.93.
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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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