Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded RSP Permian from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Wednesday, October 11th. KeyCorp restated a buy rating and issued a $49.00 price objective on shares of RSP Permian in a research report on Tuesday, October 24th. ValuEngine cut shares of RSP Permian from a hold rating to a sell rating in a research report on Friday, September 1st. BidaskClub upgraded shares of RSP Permian from a sell rating to a hold rating in a research report on Saturday, September 23rd. Finally, Stifel Nicolaus set a $43.00 price objective on shares of RSP Permian and gave the stock a buy rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. RSP Permian presently has a consensus rating of Buy and an average target price of $47.00.
Shares of RSP Permian (RSPP) opened at $36.00 on Tuesday. RSP Permian has a 52-week low of $28.76 and a 52-week high of $46.92. The firm has a market capitalization of $5,715.92, a PE ratio of 59.08, a PEG ratio of 1.79 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 (NYSE:RSPP) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting 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 firm had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The company’s revenue was up 115.5% on a year-over-year basis. sell-side analysts predict that RSP Permian will post 0.78 EPS for the current year.
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In other news, Director Ted Collins, Jr. sold 21,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $31.15, for a total transaction of $654,150.00. Following the completion of the sale, the director now owns 8,136,851 shares of the company’s stock, valued at $253,462,908.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $30.71, for a total value of $1,289,820.00. Following the sale, the director now directly owns 8,136,851 shares of the company’s stock, valued at approximately $249,882,694.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,447 shares of company stock valued at $6,020,757. Insiders own 15.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in RSP Permian by 65.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock worth $139,000 after acquiring an additional 1,705 shares during the period. Gluskin Sheff & Assoc Inc. purchased a new stake in RSP Permian in the second quarter worth $210,000. Sentry Investment Management LLC purchased a new stake in RSP Permian in the second quarter worth $210,000. GSA Capital Partners LLP purchased a new stake in RSP Permian in the second quarter worth $225,000. Finally, Fieldpoint Private Securities LLC purchased a new stake in RSP Permian in the third quarter worth $233,000. 83.77% of the stock is owned by institutional investors.
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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