Stevens Capital Management LP Has $1.70 Million Holdings in RSP Permian, Inc. (RSPP)
Stevens Capital Management LP boosted its holdings in shares of RSP Permian, Inc. (NYSE:RSPP) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,261 shares of the oil and natural gas company’s stock after buying an additional 3,539 shares during the quarter. Stevens Capital Management LP’s holdings in RSP Permian were worth $1,704,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in RSP Permian by 65.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after acquiring an additional 1,705 shares during the period. Gluskin Sheff & Assoc Inc. bought a new stake in RSP Permian during the second quarter valued at about $210,000. Sentry Investment Management LLC bought a new stake in RSP Permian during the second quarter valued at about $210,000. GSA Capital Partners LLP bought a new stake in RSP Permian during the second quarter valued at about $225,000. Finally, Lucas Capital Management bought a new stake in RSP Permian during the second quarter valued at about $290,000. 87.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on RSPP. ValuEngine cut shares of RSP Permian from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Barclays PLC upped their price target on shares of RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Piper Jaffray Companies decreased their price target on shares of RSP Permian from $49.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Bank of America Corporation began coverage on shares of RSP Permian in a report on Wednesday, July 19th. They set a “buy” rating and a $45.00 price target for the company. Finally, Roth Capital decreased their price target on shares of RSP Permian from $64.50 to $44.00 and set a “buy” rating for the company in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.71.
In other news, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $34.74, for a total value of $1,459,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Zane W. Arrott sold 47,113 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $31.29, for a total transaction of $1,474,165.77. Following the completion of the transaction, the chief operating officer now owns 86,614 shares of the company’s stock, valued at $2,710,152.06. The disclosure for this sale can be found here. Insiders have sold 185,560 shares of company stock valued at $5,999,303 in the last 90 days. 15.00% of the stock is currently owned by corporate insiders.
RSP Permian, Inc. (NYSE RSPP) opened at $37.97 on Monday. The stock has a market cap of $6,022.02, a price-to-earnings ratio of 62.25, a P/E/G ratio of 1.90 and a beta of 2.15. RSP Permian, Inc. has a 12 month low of $28.76 and a 12 month high of $46.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84.
RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The business’s quarterly revenue was up 115.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. analysts predict that RSP Permian, Inc. will post 0.77 EPS for the current year.
About RSP Permian
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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