RSP Permian, Inc. (NYSE:RSPP) Director Sells $1,506,120.00 in Stock

RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $35.86, for a total transaction of $1,506,120.00. Following the sale, the director now directly owns 8,010,851 shares of the company’s stock, valued at approximately $287,269,116.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RSP Permian, Inc. (RSPP) traded down $0.35 during trading hours on Monday, reaching $36.52. The company had a trading volume of 1,900,800 shares, compared to its average volume of 2,019,450. The company has a market cap of $5,792.04, a P/E ratio of 59.87, a price-to-earnings-growth ratio of 1.75 and a beta of 2.15. RSP Permian, Inc. has a one year low of $28.76 and a one year 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.

RSP Permian (NYSE:RSPP) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. RSP Permian’s quarterly revenue was up 115.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. research analysts anticipate that RSP Permian, Inc. will post 0.79 EPS for the current fiscal year.

Several research firms recently issued reports on RSPP. Piper Jaffray Companies reduced their price target on shares of RSP Permian from $49.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Stifel Nicolaus set a $43.00 price objective on RSP Permian and gave the company a “buy” rating in a research note on Thursday, October 5th. BidaskClub cut RSP Permian from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Northland Securities set a $52.00 target price on RSP Permian and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Scotiabank reissued a “buy” rating and issued a $43.00 price objective on shares of RSP Permian in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. RSP Permian presently has a consensus rating of “Buy” and a consensus price target of $45.87.

A number of hedge funds have recently made changes to their positions in RSPP. Aperio Group LLC lifted its position in RSP Permian by 27.1% in the second quarter. Aperio Group LLC now owns 17,908 shares of the oil and natural gas company’s stock valued at $578,000 after purchasing an additional 3,814 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of RSP Permian during the second quarter valued at approximately $662,000. NGAM Advisors L.P. bought a new position in shares of RSP Permian during the second quarter valued at approximately $863,000. Great West Life Assurance Co. Can raised its holdings in shares of RSP Permian by 32.5% during the second quarter. Great West Life Assurance Co. Can now owns 13,234 shares of the oil and natural gas company’s stock valued at $426,000 after acquiring an additional 3,245 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of RSP Permian by 107.5% during the second quarter. Sei Investments Co. now owns 169,491 shares of the oil and natural gas company’s stock valued at $5,469,000 after acquiring an additional 87,813 shares in the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.

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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.

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

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