RSP Permian, Inc. (NYSE:RSPP) CFO Scott K. Mcneill sold 25,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.05, for a total value of $926,250.00. Following the completion of the sale, the chief financial officer now owns 94,477 shares of the company’s stock, valued at approximately $3,500,372.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

RSP Permian, Inc. (NYSE RSPP) traded up $0.09 during mid-day trading on Wednesday, reaching $37.09. The company had a trading volume of 1,292,100 shares, compared to its average volume of 2,023,676. RSP Permian, Inc. has a one year low of $28.76 and a one year high of $46.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market cap of $5,868.17, a price-to-earnings ratio of 60.66, a PEG ratio of 1.78 and a beta of 2.15.

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

Several research firms have weighed in on RSPP. BMO Capital Markets set a $46.00 price objective on RSP Permian and gave the stock a “buy” rating in a report on Tuesday, November 14th. ValuEngine cut RSP Permian from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Barclays raised their target price on RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Scotiabank restated a “buy” rating and issued a $43.00 target price on shares of RSP Permian in a research note on Wednesday, November 22nd. Finally, Piper Jaffray Companies lowered their target price on RSP Permian from $49.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.87.

Several institutional investors have recently bought and sold shares of RSPP. BNP Paribas Arbitrage SA increased its holdings in shares of RSP Permian by 65.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock worth $139,000 after purchasing an additional 1,705 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new stake in shares of RSP Permian in the 2nd quarter worth $210,000. Sentry Investment Management LLC bought a new stake in shares of RSP Permian in the 2nd quarter worth $210,000. GSA Capital Partners LLP bought a new stake in shares of RSP Permian in the 2nd quarter worth $225,000. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of RSP Permian in the 3rd quarter worth $233,000. 86.24% of the stock is 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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