RSP Permian, Inc. (NYSE:RSPP) was the target of unusually large options trading on Friday. Stock investors bought 2,369 call options on the company. This represents an increase of 3,101% compared to the typical daily volume of 74 call options.

A number of brokerages recently commented on RSPP. BMO Capital Markets set a $46.00 price target on RSP Permian and gave the stock a “buy” rating in a report on Tuesday, November 14th. ValuEngine lowered RSP Permian from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Barclays boosted their target price on RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Scotiabank restated a “buy” rating and issued a $43.00 target price on shares of RSP Permian in a research note on Wednesday, November 22nd. Finally, Piper Jaffray Companies lowered their target price on 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.87.

RSP Permian (NYSE:RSPP) opened at $36.52 on Monday. RSP Permian has a 52-week low of $28.76 and a 52-week 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. The company has a market capitalization of $5,792.04, a PE ratio of 59.87, a P/E/G ratio of 1.75 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The business had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s revenue was up 115.5% on a year-over-year basis. equities research analysts predict that RSP Permian will post 0.79 EPS for the current year.

In related news, CFO Scott K. Mcneill sold 25,000 shares of RSP Permian stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.05, for a total transaction of $926,250.00. Following the sale, the chief financial officer now directly owns 94,477 shares in the company, valued at $3,500,372.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction on Monday, December 4th. The stock was sold at an average price of $37.27, for a total value of $744,393.71. Following the sale, the vice president now owns 203,598 shares in the company, valued at $7,588,097.46. The disclosure for this sale can be found here. Insiders have sold 191,973 shares of company stock worth $6,861,844 over the last quarter. 15.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of RSPP. Aperio Group LLC grew its position in RSP Permian by 27.1% during the second quarter. Aperio Group LLC now owns 17,908 shares of the oil and natural gas company’s stock worth $578,000 after buying an additional 3,814 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in RSP Permian during the second quarter worth about $662,000. NGAM Advisors L.P. purchased a new position in RSP Permian during the second quarter worth about $863,000. Great West Life Assurance Co. Can grew its position in RSP Permian by 32.5% during the second quarter. Great West Life Assurance Co. Can now owns 13,234 shares of the oil and natural gas company’s stock worth $426,000 after buying an additional 3,245 shares in the last quarter. Finally, Sei Investments Co. grew its position in RSP Permian by 107.5% during the second quarter. Sei Investments Co. now owns 169,491 shares of the oil and natural gas company’s stock worth $5,469,000 after buying an additional 87,813 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.

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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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