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.
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.
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