RSP Permian Inc (NYSE:RSPP) VP William Huck sold 4,000 shares of RSP Permian stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $38.31, for a total transaction of $153,240.00. Following the sale, the vice president now directly owns 329,752 shares in the company, valued at approximately $12,632,799.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
William Huck also recently made the following trade(s):
- On Wednesday, April 5th, William Huck sold 6,000 shares of RSP Permian stock. The stock was sold at an average price of $41.17, for a total value of $247,020.00.
RSP Permian Inc (NYSE:RSPP) traded up 0.81% during trading on Friday, reaching $37.30. The company’s stock had a trading volume of 1,824,398 shares. The company’s 50-day moving average is $39.81 and its 200-day moving average is $41.32. The company’s market capitalization is $5.32 billion. RSP Permian Inc has a 1-year low of $29.15 and a 1-year high of $46.92.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, February 27th. The oil and natural gas company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. RSP Permian had a negative return on equity of 0.47% and a negative net margin of 15.43%. The firm earned $122.93 million during the quarter, compared to analyst estimates of $122.84 million. During the same quarter last year, the firm earned $0.12 EPS. RSP Permian’s quarterly revenue was up 67.2% on a year-over-year basis. Equities analysts anticipate that RSP Permian Inc will post $0.98 EPS for the current year.
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Large investors have recently modified their holdings of the stock. Geneva Advisors LLC raised its stake in shares of RSP Permian by 0.7% in the third quarter. Geneva Advisors LLC now owns 23,470 shares of the oil and natural gas company’s stock worth $910,000 after buying an additional 172 shares during the period. US Bancorp DE raised its stake in shares of RSP Permian by 0.8% in the third quarter. US Bancorp DE now owns 28,306 shares of the oil and natural gas company’s stock worth $1,097,000 after buying an additional 225 shares during the period. Swiss National Bank raised its stake in shares of RSP Permian by 0.3% in the third quarter. Swiss National Bank now owns 116,291 shares of the oil and natural gas company’s stock worth $4,510,000 after buying an additional 300 shares during the period. Aperio Group LLC raised its stake in shares of RSP Permian by 18.5% in the third quarter. Aperio Group LLC now owns 7,116 shares of the oil and natural gas company’s stock worth $276,000 after buying an additional 1,109 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of RSP Permian by 0.5% in the third quarter. New York State Common Retirement Fund now owns 274,663 shares of the oil and natural gas company’s stock worth $10,651,000 after buying an additional 1,387 shares during the period. Hedge funds and other institutional investors own 63.34% of the company’s stock.
Several research analysts have recently commented on RSPP shares. Deutsche Bank AG reduced their price target on RSP Permian to $52.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Zacks Investment Research upgraded RSP Permian from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, March 15th. Scotiabank set a $51.00 price target on RSP Permian and gave the stock a “buy” rating in a report on Monday, March 27th. Royal Bank of Canada reiterated a “buy” rating and set a $52.00 price target on shares of RSP Permian in a report on Tuesday, January 3rd. Finally, Goldman Sachs Group Inc upgraded RSP Permian from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, April 11th. Three analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. RSP Permian currently has a consensus rating of “Buy” and an average target price of $48.07.
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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