RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $32.75, for a total transaction of $1,375,500.00. Following the completion of the sale, the director now owns 8,178,851 shares of the company’s stock, valued at approximately $267,857,370.25. The transaction was disclosed in a filing with the SEC, which is available through this link.

RSP Permian, Inc. (NYSE:RSPP) traded up 0.31% on Friday, hitting $32.36. 1,328,963 shares of the company traded hands. RSP Permian, Inc. has a 1-year low of $29.67 and a 1-year high of $46.92. The firm has a market capitalization of $5.13 billion, a PE ratio of 59.70 and a beta of 2.13. The firm’s 50 day moving average price is $32.75 and its 200 day moving average price is $37.55.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The company had revenue of $183.10 million for the quarter, compared to analysts’ expectations of $185.01 million. During the same period in the previous year, the firm earned ($0.04) EPS. The firm’s revenue was up 124.7% compared to the same quarter last year. Equities research analysts predict that RSP Permian, Inc. will post $0.72 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of RSPP. Third Point LLC boosted its position in RSP Permian by 92.5% in the second quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock worth $124,240,000 after buying an additional 1,850,000 shares in the last quarter. Virtu KCG Holdings LLC boosted its position in RSP Permian by 294.0% in the second quarter. Virtu KCG Holdings LLC now owns 20,864 shares of the oil and natural gas company’s stock worth $673,000 after buying an additional 15,569 shares in the last quarter. Sapience Investments LLC boosted its position in RSP Permian by 49.9% in the second quarter. Sapience Investments LLC now owns 403,567 shares of the oil and natural gas company’s stock worth $13,023,000 after buying an additional 134,430 shares in the last quarter. BP Capital Fund Advisors LLC boosted its position in RSP Permian by 11.6% in the second quarter. BP Capital Fund Advisors LLC now owns 162,940 shares of the oil and natural gas company’s stock worth $5,258,000 after buying an additional 16,899 shares in the last quarter. Finally, FMR LLC boosted its position in RSP Permian by 5.9% in the second quarter. FMR LLC now owns 5,423,687 shares of the oil and natural gas company’s stock worth $175,023,000 after buying an additional 300,249 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on RSPP shares. Wolfe Research started coverage on shares of RSP Permian in a report on Thursday, June 15th. They issued an “outperform” rating and a $45.00 price target on the stock. Credit Suisse Group started coverage on shares of RSP Permian in a report on Thursday, June 1st. They issued an “outperform” rating and a $59.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $44.00 price target on shares of RSP Permian in a report on Thursday, July 20th. Williams Capital started coverage on shares of RSP Permian in a report on Monday, June 12th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, BMO Capital Markets set a $38.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.58.

RSP Permian Company Profile

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.

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

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