RSP Permian Inc (RSPP) Set to Announce Earnings on Monday
RSP Permian Inc (NYSE:RSPP) is scheduled to release its earnings data after the market closes on Monday, October 30th. Analysts expect RSP Permian to post earnings of $0.17 per share for the quarter.
RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. RSP Permian had a return on equity of 3.00% and a net margin of 16.98%. The firm had revenue of $183.10 million during the quarter, compared to analysts’ expectations of $185.01 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 124.7% compared to the same quarter last year. On average, analysts expect RSP Permian to post $0.79 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
RSP Permian Inc (NYSE:RSPP) traded down 1.58% during trading on Monday, hitting $33.02. The stock had a trading volume of 329,568 shares. The company has a 50-day moving average of $32.96 and a 200 day moving average of $34.56. The firm has a market cap of $5.24 billion, a P/E ratio of 60.92 and a beta of 2.17. RSP Permian Inc has a 52-week low of $28.76 and a 52-week high of $46.92.
In other news, CEO Steven D. Gray acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $29.99 per share, with a total value of $299,900.00. Following the completion of the purchase, the chief executive officer now directly owns 311,688 shares in the company, valued at $9,347,523.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ted Collins, Jr. sold 21,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $32.65, for a total transaction of $685,650.00. Following the completion of the sale, the director now directly owns 8,178,851 shares of the company’s stock, valued at approximately $267,039,485.15. The disclosure for this sale can be found here. In the last three months, insiders sold 248,560 shares of company stock valued at $8,060,453. 15.00% of the stock is owned by insiders.
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RSPP has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $46.00 price objective on shares of RSP Permian in a research report on Thursday, July 6th. Scotiabank set a $43.00 price objective on RSP Permian and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $38.00 price objective on RSP Permian and gave the company a “buy” rating in a research report on Monday, June 26th. Williams Capital set a $47.00 price objective on RSP Permian and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Roth Capital cut their price objective on RSP Permian from $64.50 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.83.
About RSP Permian
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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