RSP Permian Inc. (NYSE:RSPP) VP William Huck sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $39.79, for a total value of $238,740.00. Following the completion of the transaction, the vice president now directly owns 369,837 shares in the company, valued at $14,715,814.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

William Huck also recently made the following trade(s):

  • On Wednesday, September 21st, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $37.64, for a total value of $225,840.00.
  • On Wednesday, September 7th, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $39.73, for a total value of $238,380.00.
  • On Wednesday, August 17th, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $38.76, for a total value of $232,560.00.

Shares of RSP Permian Inc. (NYSE:RSPP) opened at 39.61 on Friday. RSP Permian Inc. has a 52 week low of $16.74 and a 52 week high of $40.74. The stock’s market capitalization is $4.03 billion. The company has a 50-day moving average price of $38.42 and a 200 day moving average price of $34.50.

RSP Permian (NYSE:RSPP) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.04). RSP Permian had a positive return on equity of 0.31% and a negative net margin of 13.38%. The firm earned $81.50 million during the quarter, compared to analysts’ expectations of $71.12 million. During the same period last year, the firm posted $0.16 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Analysts forecast that RSP Permian Inc. will post ($0.19) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for RSP Permian (NYSE:RSPP)

A number of brokerages have issued reports on RSPP. Piper Jaffray Cos. upped their target price on RSP Permian from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. lowered RSP Permian from a “buy” rating to a “neutral” rating and upped their target price for the company from $38.00 to $39.00 in a research report on Wednesday, August 10th. Barclays PLC boosted their price target on RSP Permian from $35.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, August 15th. BMO Capital Markets set a $40.00 price target on RSP Permian and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, RBC Capital Markets set a $46.00 price target on RSP Permian and gave the company a “buy” rating in a report on Tuesday, August 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $37.03.

A number of large investors have recently added to or reduced their stakes in RSPP. BOKF NA acquired a new stake in RSP Permian during the second quarter worth $102,000. BNP Paribas Arbitrage SA boosted its stake in RSP Permian by 50,766.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,052 shares of the company’s stock valued at $106,000 after buying an additional 3,046 shares during the period. Tower Research Capital LLC TRC boosted its stake in RSP Permian by 3,330.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,459 shares of the company’s stock valued at $156,000 after buying an additional 4,329 shares during the period. Comerica Bank purchased a new stake in RSP Permian during the second quarter valued at approximately $205,000. Finally, Jane Street Group LLC purchased a new stake in RSP Permian during the second quarter valued at approximately $208,000. 86.36% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:RSPP

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