Analysts predict that RSP Permian Inc (NYSE:RSPP) will post sales of $242.69 million for the current quarter, according to Zacks. Eleven analysts have issued estimates for RSP Permian’s earnings, with estimates ranging from $203.94 million to $259.00 million. RSP Permian reported sales of $122.93 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 97.4%. The company is expected to announce its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that RSP Permian will report full-year sales of $242.69 million for the current year, with estimates ranging from $759.30 million to $820.55 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.18 billion per share, with estimates ranging from $1.00 billion to $1.37 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow RSP Permian.
RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $201.70 million for 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 revenue was up 115.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS.
In other RSP Permian news, insider Wallace Family Partnership, Lp sold 32,623 shares of RSP Permian stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $42.52, for a total transaction of $1,387,129.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the sale, the director now owns 8,052,851 shares in the company, valued at $286,762,024.11. The disclosure for this sale can be found here. Insiders have sold a total of 203,596 shares of company stock worth $7,801,254 over the last three months. 15.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of RSPP. BNP Paribas Arbitrage SA increased 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 worth $139,000 after purchasing an additional 1,705 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in RSP Permian during the 2nd quarter worth approximately $210,000. GSA Capital Partners LLP purchased a new stake in RSP Permian during the 2nd quarter worth approximately $225,000. Fieldpoint Private Securities LLC purchased a new stake in RSP Permian during the 3rd quarter worth approximately $233,000. Finally, Teton Advisors Inc. purchased a new stake in RSP Permian during the 3rd quarter worth approximately $256,000. Institutional investors own 86.19% of the company’s stock.
RSP Permian (RSPP) opened at $41.32 on Friday. The firm has a market capitalization of $6,550.00, a PE ratio of 68.87, a PEG ratio of 0.74 and a beta of 2.15. RSP Permian has a 52 week low of $28.76 and a 52 week high of $44.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.
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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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