RSP Permian, Inc. (NYSE:RSPP) VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the sale, the vice president now directly owns 203,598 shares in the company, valued at approximately $7,588,097.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

RSP Permian, Inc. (RSPP) traded down $0.77 during trading on Wednesday, hitting $35.57. The stock had a trading volume of 1,536,866 shares, compared to its average volume of 2,037,083. RSP Permian, Inc. has a 1-year low of $28.76 and a 1-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. The stock has a market capitalization of $5,650.00, a price-to-earnings ratio of 60.13, a P/E/G ratio of 1.77 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The company’s revenue was up 115.5% on a year-over-year basis. equities research analysts expect that RSP Permian, Inc. will post 0.79 EPS for the current year.

Several research firms have recently commented on RSPP. Scotiabank reaffirmed a “buy” rating and set a $43.00 price target on shares of RSP Permian in a research report on Wednesday, November 22nd. Barclays reaffirmed a “buy” rating on shares of RSP Permian in a research report on Tuesday, November 21st. BMO Capital Markets set a $46.00 price target on shares of RSP Permian and gave the company a “buy” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada lifted their price target on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research lowered shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have issued 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 $47.00.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in shares of RSP Permian by 65.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock worth $139,000 after acquiring an additional 1,705 shares during the period. Gluskin Sheff & Assoc Inc. purchased a new stake in shares of RSP Permian during the second quarter worth $210,000. Sentry Investment Management LLC purchased a new stake in shares of RSP Permian during the second quarter worth $210,000. Fieldpoint Private Securities LLC acquired a new position in shares of RSP Permian during the third quarter worth $233,000. Finally, GSA Capital Partners LLP acquired a new position in shares of RSP Permian during the second quarter worth $225,000. 86.24% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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