Insider Selling: RSP Permian Inc (RSPP) VP Sells 4,000 Shares of Stock

RSP Permian Inc (NYSE:RSPP) VP William Huck sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $38.31, for a total value of $153,240.00. Following the sale, the vice president now owns 329,752 shares of the company’s stock, valued at approximately $12,632,799.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

William Huck also recently made the following trade(s):

  • On Wednesday, April 5th, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $41.17, for a total value of $247,020.00.

Shares of RSP Permian Inc (NYSE:RSPP) traded up 0.81% during mid-day trading on Friday, reaching $37.30. The company’s stock had a trading volume of 1,824,398 shares. The firm’s market capitalization is $5.32 billion. RSP Permian Inc has a 12 month low of $29.15 and a 12 month high of $46.92. The company has a 50 day moving average of $39.81 and a 200-day moving average of $41.32.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings results on Monday, February 27th. The oil and natural gas company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. The company had revenue of $122.93 million for the quarter, compared to the consensus estimate of $122.84 million. RSP Permian had a negative return on equity of 0.47% and a negative net margin of 15.43%. The firm’s quarterly revenue was up 67.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. Equities research analysts forecast that RSP Permian Inc will post $0.98 EPS for the current year.

Insider Buying and Selling by Quarter for RSP Permian (NYSE:RSPP)

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A number of brokerages have weighed in on RSPP. BMO Capital Markets restated a “buy” rating and set a $50.00 price objective on shares of RSP Permian in a research note on Wednesday, April 12th. Zacks Investment Research lowered RSP Permian from a “buy” rating to a “hold” rating in a research note on Saturday, April 8th. Goldman Sachs Group Inc upgraded RSP Permian from a “neutral” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, April 11th. Stifel Nicolaus initiated coverage on RSP Permian in a research note on Wednesday, April 12th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Roth Capital set a $65.00 target price on RSP Permian and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $48.07.

Several hedge funds and other institutional investors have recently bought and sold shares of RSPP. BlackRock Fund Advisors increased its position in RSP Permian by 7.9% in the third quarter. BlackRock Fund Advisors now owns 2,139,561 shares of the oil and natural gas company’s stock worth $82,972,000 after buying an additional 157,233 shares during the period. Ameriprise Financial Inc. increased its position in RSP Permian by 328.0% in the third quarter. Ameriprise Financial Inc. now owns 569,262 shares of the oil and natural gas company’s stock worth $22,077,000 after buying an additional 436,257 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in RSP Permian by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,876,837 shares of the oil and natural gas company’s stock worth $72,784,000 after buying an additional 15,523 shares during the period. Quantbot Technologies LP increased its position in RSP Permian by 125.4% in the third quarter. Quantbot Technologies LP now owns 28,478 shares of the oil and natural gas company’s stock worth $1,104,000 after buying an additional 15,846 shares during the period. Finally, Cipher Capital LP increased its position in RSP Permian by 7.5% in the fourth quarter. Cipher Capital LP now owns 177,426 shares of the oil and natural gas company’s stock worth $7,917,000 after buying an additional 12,401 shares during the period. 63.34% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:RSPP

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