RSP Permian (RSPP) Getting Somewhat Positive Press Coverage, Report Finds
Media coverage about RSP Permian (NYSE:RSPP) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RSP Permian earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 45.4250162136486 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Zacks: Analysts Anticipate RSP Permian, Inc. (RSPP) Will Post Earnings of $0.17 Per Share (americanbankingnews.com)
- RSP Permian, Inc. (RSPP) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Colgate-Palmolive Company (CL) Stocks Swing on Declaration- RSP Permian, Inc. (RSPP) – Investing News Update (investingbizz.com)
- RSP Permian, Inc. (RSPP) Rating Reiterated by Northland Securities (americanbankingnews.com)
RSP Permian (NYSE:RSPP) opened at 34.90 on Tuesday. The firm has a 50-day moving average price of $31.62 and a 200 day moving average price of $35.06. The stock has a market cap of $5.54 billion, a PE ratio of 64.39 and a beta of 2.17. RSP Permian has a 52-week low of $28.76 and a 52-week high of $46.92.
RSP Permian (NYSE:RSPP) last announced its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $183.10 million for the quarter, compared to analyst estimates of $185.01 million. RSP Permian had a net margin of 12.71% and a return on equity of 1.86%. RSP Permian’s revenue was up 124.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) earnings per share. Equities analysts anticipate that RSP Permian will post $0.73 earnings per share for the current year.
A number of equities research analysts recently weighed in on RSPP shares. Williams Capital began coverage on shares of RSP Permian in a research report on Monday, June 12th. They issued a “buy” rating and a $47.00 price target for the company. Wolfe Research assumed coverage on RSP Permian in a report on Thursday, June 15th. They set an “outperform” rating and a $45.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $55.00 price objective on shares of RSP Permian in a report on Friday, June 16th. ValuEngine cut RSP Permian from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, BMO Capital Markets set a $38.00 target price on RSP Permian and gave the stock a “buy” rating in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.29.
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In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $30.71, for a total transaction of $1,289,820.00. Following the completion of the transaction, the director now owns 8,136,851 shares in the company, valued at approximately $249,882,694.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven D. Gray purchased 10,000 shares of RSP Permian stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $29.99 per share, with a total value of $299,900.00. Following the transaction, the chief executive officer now directly owns 311,688 shares in the company, valued at approximately $9,347,523.12. The disclosure for this purchase can be found here. Insiders sold a total of 248,560 shares of company stock valued at $7,898,543 over the last three months. Corporate insiders own 15.00% of the company’s stock.
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.
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