Shares of RSP Permian (NYSE:RSPP) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $50.00 and last traded at $49.71, with a volume of 2261874 shares changing hands. The stock had previously closed at $48.88.
Several analysts recently commented on RSPP shares. BMO Capital Markets restated a “buy” rating and issued a $51.00 target price on shares of RSP Permian in a research report on Thursday, January 11th. Credit Suisse Group set a $51.00 target price on RSP Permian and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley raised their target price on RSP Permian from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Jefferies Group set a $51.00 target price on RSP Permian and gave the company a “buy” rating in a research report on Monday, March 19th. Finally, Royal Bank of Canada set a $47.00 target price on RSP Permian and gave the company a “buy” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.43.
The company has a market capitalization of $7,635.65, a price-to-earnings ratio of 59.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.72 and a quick ratio of 0.72.
In other news, insider Wallace Family Partnership, Lp sold 62,500 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $46.81, for a total transaction of $2,925,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 15.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Hartree Partners LP boosted its position in shares of RSP Permian by 2.7% in the fourth quarter. Hartree Partners LP now owns 62,125 shares of the oil and natural gas company’s stock worth $2,527,000 after buying an additional 1,625 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of RSP Permian by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 122,342 shares of the oil and natural gas company’s stock worth $4,977,000 after buying an additional 1,764 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of RSP Permian by 38.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,156 shares of the oil and natural gas company’s stock worth $291,000 after buying an additional 1,976 shares during the period. Cambiar Investors LLC boosted its position in shares of RSP Permian by 2.5% in the fourth quarter. Cambiar Investors LLC now owns 96,949 shares of the oil and natural gas company’s stock worth $3,944,000 after buying an additional 2,344 shares during the period. Finally, American International Group Inc. acquired a new stake in shares of RSP Permian in the fourth quarter worth $119,000. 90.77% of the stock is owned by institutional investors and hedge funds.
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RSP Permian Company Profile
RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.
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