The RSP Permian Inc. (RSPP) VP William Huck Sold 6,000 Shares

The RSP Permian Inc. (RSPP) VP William Huck Sold 6,000 Shares

RSP Permian Inc. (NYSE:RSPP) VP William Huck sold 6,000 shares of RSP Permian stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $39.79, for a total transaction of $238,740.00. Following the sale, the vice president now owns 369,837 shares in the company, valued at $14,715,814.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

William Huck also recently made the following trade(s): On Wednesday, September 21st, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $37.64, for a total transaction of $225,840.00. On Wednesday, September 7th, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $39.73, for a total transaction of $238,380.00. On Wednesday, August 17th, William Huck sold 6,000 shares of RSP Permian stock. The shares were sold at an average price of $38.76, for a total transaction of $232,560.00.

RSP Permian Inc. (NYSE:RSPP) opened at 39.61 on Friday. The company’s market capitalization is $4.03 billion. RSP Permian Inc. has a 12 month low of $16.74 and a 12 month high of $40.74. The firm has a 50-day moving average price of $38.42 and a 200 day moving average price of $34.50.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). RSP Permian had a positive return on equity of 0.31% and a negative net margin of 13.38%. The company earned $81.50 million during the quarter, compared to the consensus estimate of $71.12 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts expect that RSP Permian Inc. will post ($0.19) EPS for the current year.

Several large investors have recently made changes to their positions in RSPP. BOKF NA acquired a new stake in shares of RSP Permian during the second quarter valued at about $102,000. BNP Paribas Arbitrage SA increased its stake in shares of RSP Permian by 50,766.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,052 shares of the company’s stock valued at $106,000 after buying an additional 3,046 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of RSP Permian by 3,330.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,459 shares of the company’s stock valued at $156,000 after buying an additional 4,329 shares during the period. Comerica Bank acquired a new stake in shares of RSP Permian during the second quarter valued at about $205,000. Finally, Jane Street Group LLC acquired a new stake in shares of RSP Permian during the second quarter valued at about $208,000. Institutional investors own 86.36% of the company’s stock.

A number of brokerages recently weighed in on RSPP. Piper Jaffray Cos. lifted their price objective on shares of RSP Permian from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. cut shares of RSP Permian from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $38.00 to $39.00 in a research note on Wednesday, August 10th. Barclays PLC lifted their target price on RSP Permian from $35.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, August 15th. BMO Capital Markets set a $40.00 target price on RSP Permian and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, RBC Capital Markets set a $46.00 target price on RSP Permian and gave the stock a “buy” rating in a report on Tuesday, August 9th. Seven investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. RSP Permian presently has an average rating of “Buy” and an average price target of $37.03.

About RSP Permian

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