News stories about RSP Permian (NYSE:RSPP) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RSP Permian earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the oil and natural gas company an impact score of 46.857548388974 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- RSP Permian, Inc. Announces Timing of Fourth Quarter and Full-Year 2017 Financial and Operational Results and Conference Call (bizjournals.com)
- RSP Permian, Inc. Announces Timing of Fourth Quarter and Full-Year 2017 Financial and Operational Results and Conference Call (finance.yahoo.com)
- FY2017 EPS Estimates for RSP Permian Inc Lifted by Analyst (RSPP) (americanbankingnews.com)
- RSP Permian (RSPP) Lowered to “Sell” at ValuEngine (americanbankingnews.com)
- ConocoPhillips: Post-Earnings Wall Street Ratings (finance.yahoo.com)
Shares of RSP Permian (NYSE:RSPP) opened at $33.64 on Friday. The firm has a market capitalization of $5,303.56, a P/E ratio of 55.15, a price-to-earnings-growth ratio of 0.47 and a beta of 1.97. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian has a 1-year low of $28.76 and a 1-year high of $44.11.
RSPP has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $51.00 price objective on shares of RSP Permian in a research note on Thursday, January 11th. Northland Securities set a $48.00 price objective on RSP Permian and gave the stock a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group initiated coverage on RSP Permian in a research note on Monday, December 11th. They issued an “outperform” rating and a $44.00 price objective on the stock. Zacks Investment Research lowered RSP Permian from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Royal Bank of Canada lifted their price objective on RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.93.
In other RSP Permian news, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 203,598 shares in the company, valued at $7,588,097.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the completion of the sale, the director now owns 8,052,851 shares of the company’s stock, valued at $286,762,024.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 233,473 shares of company stock valued at $9,073,416. 15.00% of the stock is currently owned by corporate insiders.
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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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