ValuEngine downgraded shares of RSP Permian (NYSE:RSPP) from a hold rating to a sell rating in a research note published on Thursday morning.

RSPP has been the topic of several other reports. Stifel Nicolaus reissued a buy rating and set a $46.00 price target (up from $45.00) on shares of RSP Permian in a research report on Tuesday, December 19th. BMO Capital Markets set a $46.00 price target on RSP Permian and gave the stock a buy rating in a research report on Tuesday, November 14th. Piper Jaffray Companies reissued a buy rating and set a $50.00 price target on shares of RSP Permian in a research report on Tuesday, January 9th. Barclays boosted their price target on RSP Permian from $38.00 to $45.00 and gave the stock an overweight rating in a research report on Wednesday, October 11th. Finally, Scotiabank reissued a buy rating and set a $43.00 price target on shares of RSP Permian in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. RSP Permian presently has an average rating of Buy and a consensus target price of $47.93.

RSP Permian (RSPP) opened at $33.64 on Thursday. The company has a market capitalization of $5,335.27, a P/E ratio of 55.15, a P/E/G ratio of 0.47 and a beta of 1.97. 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 has a 52-week low of $28.76 and a 52-week high of $44.11.

In other RSP Permian news, insider Wallace Family Partnership, Lp sold 32,623 shares of the company’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 document filed with the SEC, which is available through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $35.61, for a total value of $1,495,620.00. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 233,473 shares of company stock worth $9,073,416. 15.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. acquired a new position in shares of RSP Permian in the 4th quarter valued at approximately $119,000. Cerebellum GP LLC bought a new stake in shares of RSP Permian in the 4th quarter valued at approximately $130,000. Cadence Capital Management LLC bought a new stake in shares of RSP Permian in the 4th quarter valued at approximately $206,000. CIBC Asset Management Inc bought a new stake in shares of RSP Permian in the 4th quarter valued at approximately $217,000. Finally, Sentry Investment Management LLC bought a new stake in shares of RSP Permian in the 2nd quarter valued at approximately $210,000. 86.06% of the stock is currently owned by institutional investors.

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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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Analyst Recommendations for RSP Permian (NYSE:RSPP)

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