News headlines about RSP Permian (NYSE:RSPP) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RSP Permian earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the oil and natural gas company an impact score of 46.0050320112903 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Should You Buy RSP Permian (RSPP) Ahead of Earnings? (zacks.com)
- RSP Permian Inc (RSPP) Position Raised by Teacher Retirement System of Texas (americanbankingnews.com)
- RSP Permian (RSPP) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Stocks under Analysis: Plains GP Holdings, LP (PAGP), RSP Permian, Inc. (RSPP) – ClickLancashire (clicklancashire.com)
- Schroder Investment Management Group Trims Holdings in RSP Permian Inc (RSPP) (americanbankingnews.com)
Several research analysts have recently commented on RSPP shares. BMO Capital Markets reissued a “buy” rating and issued a $51.00 price objective on shares of RSP Permian in a research note on Thursday, January 11th. Northland Securities set a $48.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group started coverage on shares of RSP Permian in a research note on Monday, December 11th. They issued an “outperform” rating and a $44.00 price objective for the company. Zacks Investment Research lowered shares of RSP Permian from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Scotiabank reissued a “buy” rating and issued a $43.00 price objective on shares of RSP Permian in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $47.93.
In related news, CFO Scott K. Mcneill sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.05, for a total value of $926,250.00. Following the sale, the chief financial officer now owns 94,477 shares of the company’s stock, valued at $3,500,372.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Erik B. Daugbjerg sold 19,973 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the completion of the sale, the vice president now directly owns 203,598 shares in the company, valued at approximately $7,588,097.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,473 shares of company stock worth $7,577,796. 15.00% of the stock is owned by corporate insiders.
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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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