RSP Permian (RSPP) Receives Daily Media Impact Score of 0.27
Press coverage about RSP Permian (NYSE:RSPP) has trended positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RSP Permian earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned media headlines about the oil and natural gas company an impact score of 47.7747598713405 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 media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- RSP Permian Inc (RSPP) Expected to Announce Quarterly Sales of $242.69 Million (americanbankingnews.com)
- RSP Permian Inc (RSPP) Expected to Announce Earnings of $0.29 Per Share (americanbankingnews.com)
- Technical observation on RSP Permian, Inc. (RSPP) – The Stocks News (press release) (thestocksnews.com)
- Day Traders Must Read Before Invest – RSP Permian Inc (NYSE: RSPP) – Alpha Beta Stock (alphabetastock.com)
- What’s behind RSP Permian’s Revenue Growth in 2017? (finance.yahoo.com)
A number of research analysts recently issued reports on the company. BidaskClub upgraded RSP Permian from a “sell” rating to a “hold” rating in a report on Saturday, September 23rd. Northland Securities restated a “buy” rating and set a $52.00 price target on shares of RSP Permian in a report on Tuesday, September 26th. Stifel Nicolaus set a $43.00 price target on RSP Permian and gave the company a “buy” rating in a report on Thursday, October 5th. Jefferies Group restated a “buy” rating and set a $47.00 price target on shares of RSP Permian in a report on Tuesday, October 10th. Finally, 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 report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.32.
RSP Permian (NYSE RSPP) opened at $41.32 on Friday. RSP Permian has a twelve month low of $28.76 and a twelve month high of $44.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6,550.00, a P/E ratio of 68.87, a price-to-earnings-growth ratio of 0.74 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $201.34 million. During the same quarter in the prior year, the business earned ($0.01) EPS. The business’s revenue for the quarter was up 115.5% on a year-over-year basis. sell-side analysts expect that RSP Permian will post 0.81 earnings per share for the current fiscal year.
In other news, insider Wallace Family Partnership, Lp sold 32,623 shares of the business’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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ted Collins, Jr. sold 42,000 shares of the business’s 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 directly owns 8,052,851 shares in the company, valued at $286,762,024.11. The disclosure for this sale can be found here. Insiders have sold a total of 203,596 shares of company stock worth $7,801,254 in the last quarter. Company insiders own 15.00% of the company’s stock.
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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