RSP Permian Inc (RSPP) Director Ted Collins, Jr. Sells 42,000 Shares

RSP Permian Inc (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $41.47, for a total transaction of $1,741,740.00. Following the transaction, the director now owns 7,968,851 shares in the company, valued at approximately $330,468,250.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of RSP Permian Inc (RSPP) traded up $0.01 on Friday, hitting $41.18. 1,442,550 shares of the stock traded hands, compared to its average volume of 1,805,675. The company has a market cap of $6,490.00, a PE ratio of 68.63, a P/E/G ratio of 1.01 and a beta of 2.15. RSP Permian Inc has a one year low of $28.76 and a one year high of $46.39. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The firm’s revenue for the quarter was up 115.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS. equities research analysts forecast that RSP Permian Inc will post 0.81 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in shares of RSP Permian by 0.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock valued at $1,905,000 after buying an additional 498 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in RSP Permian by 65.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after purchasing an additional 1,705 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in RSP Permian by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 22,808 shares of the oil and natural gas company’s stock valued at $789,000 after purchasing an additional 2,345 shares during the last quarter. Voya Investment Management LLC lifted its holdings in RSP Permian by 5.9% during the 2nd quarter. Voya Investment Management LLC now owns 43,784 shares of the oil and natural gas company’s stock valued at $1,413,000 after purchasing an additional 2,420 shares during the last quarter. Finally, QCM Cayman Ltd. lifted its holdings in RSP Permian by 29.8% during the 2nd quarter. QCM Cayman Ltd. now owns 11,710 shares of the oil and natural gas company’s stock valued at $378,000 after purchasing an additional 2,687 shares during the last quarter. 86.19% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the stock. Piper Jaffray Companies cut their target price on shares of RSP Permian from $49.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Stifel Nicolaus set a $43.00 target price on shares of RSP Permian and gave the company a “buy” rating in a research report on Thursday, October 5th. Scotiabank reaffirmed a “buy” rating and issued a $43.00 price target on shares of RSP Permian in a research note on Wednesday, November 22nd. Credit Suisse Group began coverage on RSP Permian in a research note on Monday, December 11th. They issued an “outperform” rating and a $44.00 price target for the company. Finally, Robert W. Baird began coverage on RSP Permian in a research note on Tuesday, December 19th. They issued an “outperform” rating and a $46.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. RSP Permian has an average rating of “Buy” and a consensus price target of $45.50.

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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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