Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in RSP Permian, Inc. (NYSE:RSPP) by 53.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,180 shares of the oil and natural gas company’s stock after selling 6,000 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in RSP Permian were worth $179,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of RSP Permian by 65.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after buying an additional 1,705 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of RSP Permian during the 2nd quarter valued at about $210,000. Gluskin Sheff & Assoc Inc. bought a new stake in shares of RSP Permian during the 2nd quarter valued at about $210,000. GSA Capital Partners LLP bought a new stake in shares of RSP Permian during the 2nd quarter valued at about $225,000. Finally, Teton Advisors Inc. bought a new stake in shares of RSP Permian during the 3rd quarter valued at about $256,000. Institutional investors and hedge funds own 86.24% of the company’s stock.
RSPP has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Royal Bank Of Canada boosted their price objective on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. KeyCorp reaffirmed a “buy” rating and set a $49.00 price objective on shares of RSP Permian in a research report on Tuesday, October 24th. Stifel Nicolaus set a $43.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, BidaskClub raised shares of RSP Permian from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.00.
RSP Permian, Inc. (RSPP) traded down $0.77 during midday trading on Thursday, reaching $35.57. 1,536,800 shares of the company’s stock traded hands, compared to its average volume of 2,037,083. RSP Permian, Inc. has a 1 year low of $28.76 and a 1 year high of $46.92. 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 company has a market cap of $5,763.50, a PE ratio of 59.57, a price-to-earnings-growth ratio of 1.75 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last issued its quarterly 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. The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The business’s revenue for the quarter was up 115.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. equities research analysts anticipate that RSP Permian, Inc. will post 0.79 earnings per share for the current year.
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RSP Permian 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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