RSP Permian, Inc. (NYSE:RSPP)‘s stock had its “buy” rating reissued by research analysts at Barclays PLC in a research report issued on Tuesday.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised RSP Permian from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. BMO Capital Markets set a $42.00 price target on RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Williams Capital set a $47.00 price target on RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Imperial Capital began coverage on RSP Permian in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Roth Capital set a $44.00 price target on RSP Permian and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $47.00.
Shares of RSP Permian (RSPP) traded down $0.07 on Tuesday, hitting $36.04. The company’s stock had a trading volume of 1,380,800 shares, compared to its average volume of 2,061,257. 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 firm has a market cap of $5,720.00, a price-to-earnings ratio of 59.20, a price-to-earnings-growth ratio of 1.79 and a beta of 2.15. RSP Permian has a one year low of $28.76 and a one year high of $46.92.
RSP Permian (NYSE:RSPP) last posted 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 Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a return on equity of 2.04% and a net margin of 10.58%. The business’s revenue was up 115.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. analysts anticipate that RSP Permian will post 0.78 earnings per share for the current year.
In related news, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $35.61, for a total transaction of $1,495,620.00. Following the sale, the director now owns 8,052,851 shares in the company, valued at $286,762,024.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven D. Gray bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $29.99 per share, for a total transaction of $299,900.00. Following the acquisition, the chief executive officer now directly owns 311,688 shares of the company’s stock, valued at approximately $9,347,523.12. The disclosure for this purchase can be found here. Insiders have sold 180,447 shares of company stock worth $6,020,757 in the last quarter. 15.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in RSPP. BNP Paribas Arbitrage SA grew its position in shares of 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 valued at $139,000 after purchasing an additional 1,705 shares during the last quarter. Gluskin Sheff & Assoc Inc. acquired a new position in shares of RSP Permian in the second quarter valued at approximately $210,000. Sentry Investment Management LLC acquired a new position in shares of RSP Permian in the second quarter valued at approximately $210,000. Fieldpoint Private Securities LLC acquired a new position in shares of RSP Permian in the third quarter valued at approximately $233,000. Finally, GSA Capital Partners LLP acquired a new position in shares of RSP Permian in the second quarter valued at approximately $225,000. 83.77% of the stock is currently owned by hedge funds and other 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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