RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $32.75, for a total value of $1,375,500.00. Following the completion of the sale, the director now directly owns 8,178,851 shares in the company, valued at approximately $267,857,370.25. The sale was disclosed in a legal filing with the SEC, which is available through this link.

RSP Permian, Inc. (NYSE:RSPP) traded up 0.31% during midday trading on Friday, reaching $32.36. The company had a trading volume of 1,328,963 shares. The company has a market capitalization of $5.13 billion, a PE ratio of 59.70 and a beta of 2.13. The stock has a 50-day moving average price of $32.71 and a 200 day moving average price of $37.62. RSP Permian, Inc. has a 12-month low of $29.67 and a 12-month high of $46.92.

RSP Permian (NYSE:RSPP) last announced its earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $183.10 million during 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%. RSP Permian’s revenue for the quarter was up 124.7% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. Equities analysts forecast that RSP Permian, Inc. will post $0.72 EPS for the current year.

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Several brokerages recently commented on RSPP. Barclays PLC reaffirmed an “overweight” rating and issued a $44.00 price target on shares of RSP Permian in a research note on Wednesday, April 26th. Royal Bank Of Canada set a $51.00 price objective on RSP Permian and gave the company a “buy” rating in a research report on Tuesday, April 25th. Scotiabank set a $43.00 price objective on RSP Permian and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets reiterated a “buy” rating and issued a $38.00 price objective on shares of RSP Permian in a research report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) upgraded RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 price objective for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned 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 $46.58.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 1st Global Advisors Inc. raised its position in shares of 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 valued at $273,000 after buying an additional 121 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of 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 valued at $335,000 after buying an additional 331 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of 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 valued at $1,708,000 after buying an additional 450 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of 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 valued at $1,905,000 after buying an additional 498 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of 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 valued at $829,000 after buying an additional 600 shares in the last quarter. 77.43% of the stock is owned by institutional investors and hedge funds.

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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