RSP Permian Inc (RSPP) Insider Wallace Family Partnership, Lp Sells 32,623 Shares

RSP Permian Inc (NYSE:RSPP) insider Wallace Family Partnership, Lp sold 32,623 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $42.52, for a total value of $1,387,129.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

RSP Permian Inc (NYSE RSPP) traded up $0.07 on Friday, hitting $42.09. The stock had a trading volume of 1,280,969 shares, compared to its average volume of 1,840,000. The company has a market capitalization of $6,680.00, a PE ratio of 70.15, a PEG ratio of 1.05 and a beta of 2.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian Inc has a 1-year low of $28.76 and a 1-year high of $44.11.

RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $201.70 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. analysts anticipate that RSP Permian Inc will post 0.81 earnings per share for the current year.

RSPP has been the topic of several recent analyst reports. BidaskClub raised RSP Permian from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Piper Jaffray Companies dropped their price target on RSP Permian from $49.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Northland Securities reaffirmed a “buy” rating and issued a $52.00 price target on shares of RSP Permian in a research report on Tuesday, September 26th. Stifel Nicolaus set a $43.00 price target on RSP Permian and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $47.00 price target on shares of RSP Permian in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given 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 a consensus price target of $46.32.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in RSP Permian by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock valued at $321,513,000 after buying an additional 1,054,281 shares in the last quarter. Boston Partners boosted its stake in 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 in the last quarter. FMR LLC boosted its stake in 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 in the last quarter. Third Point LLC boosted its stake in 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 in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 86.19% 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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