RSP Permian Inc. (RSPP) Director Ted Collins, Jr. Sells 21,000 Shares
RSP Permian Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 21,000 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $35.91, for a total transaction of $754,110.00. Following the completion of the transaction, the director now directly owns 8,506,088 shares of the company’s stock, valued at $305,453,620.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of RSP Permian Inc. (NYSE:RSPP) opened at 37.37 on Thursday. The stock’s market capitalization is $3.80 billion. The company has a 50-day moving average of $38.33 and a 200 day moving average of $34.01. RSP Permian Inc. has a one year low of $16.74 and a one year high of $40.74.
RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $81.50 million for the quarter, compared to analyst estimates of $71.12 million. RSP Permian had a positive return on equity of 0.31% and a negative net margin of 13.38%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Equities research analysts forecast that RSP Permian Inc. will post ($0.19) earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of RSPP. Macquarie Group Ltd. raised its stake in shares of RSP Permian by 21.4% in the second quarter. Macquarie Group Ltd. now owns 673,493 shares of the company’s stock worth $23,498,000 after buying an additional 118,618 shares during the last quarter. Sanctuary Wealth Advisors LLC acquired a new stake in shares of RSP Permian during the second quarter worth about $3,635,000. Schwab Charles Investment Management Inc. raised its stake in shares of RSP Permian by 13.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 260,732 shares of the company’s stock worth $9,097,000 after buying an additional 30,156 shares during the last quarter. Amalgamated Bank raised its stake in shares of RSP Permian by 21.8% in the second quarter. Amalgamated Bank now owns 8,588 shares of the company’s stock worth $327,000 after buying an additional 1,536 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of RSP Permian by 13.8% in the second quarter. Legal & General Group Plc now owns 17,747 shares of the company’s stock worth $609,000 after buying an additional 2,146 shares during the last quarter. 86.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on RSPP shares. Zacks Investment Research lowered shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Deutsche Bank AG raised their price target on shares of RSP Permian from $39.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. lowered shares of RSP Permian from a “buy” rating to a “neutral” rating and raised their price target for the stock from $38.00 to $39.00 in a research report on Wednesday, August 10th. FBR & Co started coverage on shares of RSP Permian in a research report on Tuesday, September 13th. They set an “outperform” rating for the company. Finally, Wunderlich raised their price target on shares of RSP Permian from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. Seven research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. RSP Permian has an average rating of “Buy” and an average target price of $36.66.
RSP Permian Company Profile
RSP Permian, Inc is an independent oil and natural gas company focused on 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 operates through the oil and natural gas exploration and production industry in the United States segment.
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