RSP Permian Inc (NYSE:RSPP) – Stock analysts at US Capital Advisors raised their Q2 2018 earnings per share estimates for RSP Permian in a research report issued to clients and investors on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.46. US Capital Advisors also issued estimates for RSP Permian’s Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.48 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.71 EPS and FY2019 earnings at $2.84 EPS.
Several other analysts also recently commented on the stock. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, November 3rd. Jefferies Group restated a “buy” rating and set a $47.00 price objective on shares of RSP Permian in a research note on Tuesday, October 10th. Williams Capital dropped their price objective on RSP Permian from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Northland Securities reiterated a “buy” rating and set a $52.00 target price on shares of RSP Permian in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “buy” rating and issued a $49.00 price objective on shares of RSP Permian in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. RSP Permian currently has an average rating of “Buy” and a consensus target price of $47.93.
Large investors have recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of RSP Permian during the fourth quarter valued at $130,000. Cadence Capital Management LLC bought a new position in shares of RSP Permian during the fourth quarter valued at $206,000. CIBC Asset Management Inc bought a new position in shares of RSP Permian during the fourth quarter valued at $217,000. Sentry Investment Management LLC bought a new position in shares of RSP Permian during the second quarter valued at $210,000. Finally, Fieldpoint Private Securities LLC bought a new position in shares of RSP Permian during the third quarter valued at $233,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Wallace Family Partnership, Lp sold 29,877 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $42.58, for a total transaction of $1,272,162.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $41.47, for a total value of $1,741,740.00. Following the transaction, the director now directly owns 7,968,851 shares in the company, valued at $330,468,250.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 233,473 shares of company stock worth $9,073,416. Insiders own 15.00% of the company’s stock.
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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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