RSP Permian, Inc. (NYSE:RSPP) CEO Steven D. Gray bought 10,000 shares of RSP Permian stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $29.99 per share, for a total transaction of $299,900.00. Following the purchase, the chief executive officer now directly owns 311,688 shares in the company, valued at approximately $9,347,523.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of RSP Permian, Inc. (NYSE RSPP) opened at 31.37 on Friday. The stock has a 50 day moving average price of $32.15 and a 200-day moving average price of $36.34. The company has a market capitalization of $4.98 billion, a PE ratio of 57.88 and a beta of 2.15. RSP Permian, Inc. has a 52 week low of $29.67 and a 52 week high of $46.92.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $183.10 million for the quarter, compared to analyst estimates of $185.01 million. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The firm’s quarterly revenue was up 124.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts expect that RSP Permian, Inc. will post $0.73 EPS for the current year.

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Several brokerages have recently commented on RSPP. Williams Capital began coverage on shares of RSP Permian in a research note on Monday, June 12th. They issued a “buy” rating and a $47.00 target price on the stock. TheStreet downgraded shares of RSP Permian from a “b-” rating to a “c” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $55.00 target price on shares of RSP Permian in a research note on Friday, June 16th. ValuEngine downgraded shares of RSP Permian from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Bank of America Corporation began coverage on shares of RSP Permian in a research note on Wednesday, July 19th. They issued a “buy” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.67.

Institutional investors have recently bought and sold shares of the company. 1st Global Advisors Inc. raised its position in RSP Permian by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 6,594 shares of the oil and natural gas company’s stock worth $273,000 after buying an additional 121 shares in the last quarter. Teacher Retirement System of Texas raised its position in RSP Permian by 4.3% in the first quarter. Teacher Retirement System of Texas now owns 8,091 shares of the oil and natural gas company’s stock worth $335,000 after buying an additional 331 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in RSP Permian by 1.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,236 shares of the oil and natural gas company’s stock worth $1,708,000 after buying an additional 450 shares in the last quarter. Mutual of America Capital Management LLC raised its position in RSP Permian by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock worth $1,905,000 after buying an additional 498 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in RSP Permian by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,000 shares of the oil and natural gas company’s stock worth $829,000 after buying an additional 600 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for RSP Permian (NYSE:RSPP)

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