RSP Permian, Inc. (NYSE:RSPP) VP James E. Mutrie sold 12,447 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $31.47, for a total transaction of $391,707.09. Following the transaction, the vice president now directly owns 38,005 shares in the company, valued at $1,196,017.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of RSP Permian, Inc. (RSPP) traded down 0.03% during midday trading on Friday, hitting $31.37. 1,251,227 shares of the company’s stock were exchanged. The firm has a market cap of $4.98 billion, a PE ratio of 57.88 and a beta of 2.13. The stock’s 50-day moving average price is $32.19 and its 200 day moving average price is $36.42. RSP Permian, Inc. has a one year low of $29.67 and a one year high of $46.92.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. RSP Permian had a net margin of 12.71% and a return on equity of 1.86%. The company had revenue of $183.10 million during the quarter, compared to the consensus estimate of $185.01 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 124.7% compared to the same quarter last year. Equities research analysts forecast that RSP Permian, Inc. will post $0.73 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp bought a new position in RSP Permian during the first quarter worth approximately $584,000. UBS Asset Management Americas Inc. increased its position in RSP Permian by 7.6% in the first quarter. UBS Asset Management Americas Inc. now owns 72,919 shares of the oil and natural gas company’s stock worth $3,021,000 after buying an additional 5,158 shares in the last quarter. Swiss National Bank increased its position in RSP Permian by 2.9% in the first quarter. Swiss National Bank now owns 167,291 shares of the oil and natural gas company’s stock worth $6,931,000 after buying an additional 4,700 shares in the last quarter. Comerica Bank increased its position in RSP Permian by 8.8% in the first quarter. Comerica Bank now owns 11,117 shares of the oil and natural gas company’s stock worth $422,000 after buying an additional 902 shares in the last quarter. Finally, US Bancorp DE increased its position in RSP Permian by 6.4% in the first quarter. US Bancorp DE now owns 32,253 shares of the oil and natural gas company’s stock worth $1,336,000 after buying an additional 1,945 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on RSPP shares. TheStreet raised shares of RSP Permian from a “c” rating to a “b” rating in a research note on Monday, May 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $55.00 price target on shares of RSP Permian in a research note on Friday, May 12th. Williams Capital started coverage on shares of RSP Permian in a research note on Monday, June 12th. They issued a “buy” rating and a $47.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $46.00 price target on shares of RSP Permian in a research note on Thursday, July 6th. Finally, Scotiabank set a $43.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a research note on Saturday, July 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.67.

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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