RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $35.86, for a total transaction of $1,506,120.00. Following the completion of the transaction, the director now directly owns 8,010,851 shares in the company, valued at $287,269,116.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

RSP Permian, Inc. (NYSE RSPP) traded up $0.18 during trading on Friday, hitting $36.63. 1,274,721 shares of the company traded hands, compared to its average volume of 1,647,883. RSP Permian, Inc. has a 1-year low of $28.76 and a 1-year high of $46.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5,780.94, a price-to-earnings ratio of 59.75, a PEG ratio of 1.76 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. During the same period in the previous year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 115.5% compared to the same quarter last year. research analysts forecast that RSP Permian, Inc. will post 0.79 earnings per share for the current fiscal year.

A number of brokerages have recently commented on RSPP. BMO Capital Markets set a $46.00 target price on shares of RSP Permian and gave the company a “buy” rating in a report on Tuesday, November 14th. ValuEngine cut shares of RSP Permian from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Barclays boosted their price objective on shares of RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Scotiabank reissued a “buy” rating and issued a $43.00 price objective on shares of RSP Permian in a research note on Wednesday, November 22nd. Finally, Piper Jaffray Companies dropped their price objective on shares of RSP Permian from $49.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. RSP Permian has an average rating of “Buy” and an average target price of $46.70.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in RSP Permian by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock valued at $321,513,000 after purchasing an additional 1,054,281 shares in the last quarter. Boston Partners lifted its holdings in RSP Permian by 0.9% in the 3rd quarter. Boston Partners now owns 7,360,703 shares of the oil and natural gas company’s stock valued at $254,606,000 after purchasing an additional 69,145 shares in the last quarter. FMR LLC lifted its holdings in RSP Permian by 5.9% in the 2nd quarter. FMR LLC now owns 5,423,687 shares of the oil and natural gas company’s stock valued at $175,023,000 after purchasing an additional 300,249 shares in the last quarter. Third Point LLC lifted its holdings in RSP Permian by 19.5% in the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock valued at $159,114,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in RSP Permian by 38.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock valued at $125,102,000 after purchasing an additional 1,073,137 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “RSP Permian, Inc. (RSPP) Director Ted Collins, Jr. Sells 42,000 Shares” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/09/rsp-permian-inc-rspp-director-ted-collins-jr-sells-42000-shares.html.

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)

Receive News & Stock Ratings for RSP Permian Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian Inc. and related stocks with our FREE daily email newsletter.