Somewhat Favorable Media Coverage Somewhat Unlikely to Affect RSP Permian (NYSE:RSPP) Stock Price
News stories about RSP Permian (NYSE:RSPP) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RSP Permian earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 45.6551736451953 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. Sells 42,000 Shares (americanbankingnews.com)
- RSP Permian, Inc. (RSPP) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Investment Analysts’ Recent Ratings Updates for RSP Permian (RSPP) (overnewsmagazine.com)
- RSP Permian, Inc. (RSPP) Upgraded at Goldman Sachs Group, Inc (topactu.net)
- Rsp Permian Inc Rises 2.08% on Heavy Volume: Watch For Potential Pullback (mysmartrend.com)
Several equities research analysts have recently issued reports on the stock. Roth Capital set a $44.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a research note on Wednesday. Goldman Sachs Group, Inc. (The) upgraded shares of RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $38.00 price objective on shares of RSP Permian in a research note on Tuesday. Morgan Stanley lowered their price objective on shares of RSP Permian from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, BidaskClub downgraded shares of RSP Permian from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. RSP Permian currently has an average rating of “Buy” and an average price target of $46.58.
RSP Permian (NYSE:RSPP) opened at 32.36 on Friday. The company has a 50 day moving average price of $32.75 and a 200 day moving average price of $37.55. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 59.70 and a beta of 2.13. RSP Permian has a 12 month low of $29.67 and a 12 month high of $46.92.
RSP Permian (NYSE:RSPP) last issued its earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $183.10 million during the quarter, compared to the consensus estimate of $185.01 million. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The firm’s revenue for the quarter was up 124.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. Analysts anticipate that RSP Permian will post $0.72 earnings per share for the current fiscal year.
In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $34.49, for a total value of $1,448,580.00. Following the completion of the sale, the director now owns 8,270,351 shares of the company’s stock, valued at $285,244,405.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Richard A. Kayne sold 17,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $38.78, for a total value of $668,955,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,418,000 shares of company stock valued at $674,492,280. 15.00% of the stock is currently owned by corporate insiders.
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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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