RSP Permian, Inc. (RSPP) Director Ted Collins, Jr. Sells 42,000 Shares
RSP Permian, Inc. (NYSE:RSPP) 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 directly 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 through this link.
RSP Permian, Inc. (NYSE RSPP) traded up $0.48 during trading on Friday, reaching $36.11. The company’s stock had a trading volume of 1,430,000 shares, compared to its average volume of 2,100,000. RSP Permian, Inc. has a 52 week low of $28.76 and a 52 week high of $46.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5,800.00, a PE ratio of 59.13, a price-to-earnings-growth ratio of 1.80 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. During the same period last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 115.5% on a year-over-year basis. equities analysts predict that RSP Permian, Inc. will post 0.77 EPS for the current year.
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A number of research analysts have recently commented on the company. BMO Capital Markets set a $46.00 price objective on RSP Permian and gave the company a “buy” rating in a report on Tuesday. ValuEngine downgraded RSP Permian from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Barclays PLC increased their price objective on RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Piper Jaffray Companies dropped their price objective on RSP Permian from $49.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Finally, Roth Capital dropped their price objective on RSP Permian from $64.50 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. RSP Permian currently has a consensus rating of “Buy” and a consensus target price of $46.88.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in RSP Permian by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after acquiring an additional 1,054,281 shares during the period. Boston Partners lifted its holdings in shares of RSP Permian by 0.9% in the 3rd quarter. Boston Partners now owns 7,360,703 shares of the oil and natural gas company’s stock valued at $254,606,000 after buying an additional 69,145 shares during the period. FMR LLC lifted its holdings in shares of RSP Permian by 5.9% in the 2nd quarter. FMR LLC now owns 5,423,687 shares of the oil and natural gas company’s stock valued at $175,023,000 after buying an additional 300,249 shares during the period. Third Point LLC lifted its holdings in shares of RSP Permian by 19.5% in the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock valued at $159,114,000 after buying an additional 750,000 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of RSP Permian by 38.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock valued at $125,102,000 after buying an additional 1,073,137 shares during the period. 87.02% of the stock is 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.
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