Wallace Family Partnership, Lp Sells 32,623 Shares of RSP Permian Inc (RSPP) Stock
RSP Permian Inc (NYSE:RSPP) insider Wallace Family Partnership, Lp sold 32,623 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $42.52, for a total value of $1,387,129.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
RSP Permian Inc (RSPP) traded up $0.07 during midday trading on Friday, hitting $42.09. The stock had a trading volume of 1,275,449 shares, compared to its average volume of 2,000,278. The firm has a market cap of $6,680.00, a P/E ratio of 70.15, a PEG ratio of 1.03 and a beta of 2.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian Inc has a 12 month low of $28.76 and a 12 month high of $44.11.
RSP Permian (NYSE:RSPP) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the 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 the consensus estimate of $201.34 million. During the same quarter last year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 115.5% on a year-over-year basis. equities analysts predict that RSP Permian Inc will post 0.81 EPS for the current fiscal year.
RSPP has been the subject of a number of recent research reports. Northland Securities set a $48.00 price target on RSP Permian and gave the stock a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research downgraded RSP Permian from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Credit Suisse Group initiated coverage on RSP Permian in a research report on Monday, December 11th. They set an “outperform” rating and a $44.00 price target for the company. Royal Bank of Canada upped their price target on RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Finally, Scotiabank reissued a “buy” rating and issued a $43.00 price objective on shares of RSP Permian in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.32.
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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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