James E. Mutrie Sells 12,447 Shares of RSP Permian, Inc. (RSPP) Stock
RSP Permian, Inc. (NYSE:RSPP) VP James E. Mutrie sold 12,447 shares of RSP Permian stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $31.47, for a total value of $391,707.09. Following the completion of the transaction, the vice president now directly owns 38,005 shares of the company’s stock, valued at $1,196,017.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
RSP Permian, Inc. (NYSE RSPP) opened at 31.37 on Friday. RSP Permian, Inc. has a 12-month low of $29.31 and a 12-month high of $46.92. The company has a market cap of $4.98 billion, a PE ratio of 57.88 and a beta of 2.15. The stock’s 50 day moving average price is $32.15 and its 200 day moving average price is $36.34.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The company had revenue of $183.10 million during the quarter, compared to the consensus estimate of $185.01 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 124.7% compared to the same quarter last year. Equities research analysts anticipate that RSP Permian, Inc. will post $0.73 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in RSPP. Sentry Investment Management LLC acquired a new stake in RSP Permian during the second quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd acquired a new stake in RSP Permian during the second quarter valued at approximately $1,003,000. Public Employees Retirement System of Ohio acquired a new stake in RSP Permian during the second quarter valued at approximately $1,892,000. Verition Fund Management LLC acquired a new stake in RSP Permian during the second quarter valued at approximately $310,000. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in RSP Permian during the second quarter valued at approximately $6,454,000. 86.60% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on RSPP. Roth Capital set a $44.00 price target on RSP Permian and gave the company a “buy” rating in a report on Wednesday, August 9th. Scotiabank set a $43.00 price target on RSP Permian and gave the company a “buy” rating in a report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) raised RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 price target for the company in a report on Wednesday, August 9th. Imperial Capital began coverage on RSP Permian in a report on Tuesday, August 15th. They issued an “outperform” rating and a $42.00 price target for the company. Finally, BidaskClub cut RSP Permian from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.67.
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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