RSP Permian Inc. (NYSE:RSPP) had its price objective lifted by KeyCorp to $55.00 in a research report report published on Tuesday morning. KeyCorp currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on the company. KLR Group set a $55.00 price target on RSP Permian and gave the company a buy rating in a report on Tuesday, October 18th. Zacks Investment Research raised RSP Permian from a hold rating to a buy rating and set a $47.00 price target on the stock in a report on Wednesday, October 12th. Capital One Financial Corp. began coverage on RSP Permian in a report on Thursday, October 6th. They issued an overweight rating on the stock. Wells Fargo & Co. began coverage on shares of RSP Permian in a research report on Wednesday, August 24th. They set an outperform rating and a $16.74 price objective on the stock. Finally, Deutsche Bank AG lifted their price objective 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. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $40.68.

RSP Permian (NYSE:RSPP) opened at 42.58 on Tuesday. The stock’s market capitalization is $5.41 billion. The company has a 50 day moving average price of $39.76 and a 200 day moving average price of $36.79. RSP Permian has a 12 month low of $16.74 and a 12 month high of $43.30.

In other news, VP William Huck sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $39.73, for a total value of $238,380.00. Following the completion of the transaction, the vice president now directly owns 381,837 shares in the company, valued at approximately $15,170,384.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ted Collins, Jr. sold 21,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $34.67, for a total transaction of $728,070.00. Following the completion of the transaction, the director now owns 8,506,088 shares of the company’s stock, valued at $294,906,070.96. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of RSPP. BOKF NA purchased a new position in shares of RSP Permian during the second quarter valued at approximately $102,000. BNP Paribas Arbitrage SA boosted its position in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of RSP Permian by 121.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,191 shares of the company’s stock valued at $124,000 after buying an additional 1,750 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of 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 last quarter. Finally, Comerica Bank purchased a new position in shares of RSP Permian during the second quarter valued at approximately $205,000. Institutional investors own 69.67% of the company’s stock.

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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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