Todays Report: The KeyCorp Increases RSP Permian Inc. (RSPP) Price Target to $55.00

The KeyCorp Increases RSP Permian Inc. (RSPP) Price Target to $55.00

RSP Permian Inc. (NYSE:RSPP) had its target price upped by KeyCorp to $55.00 in a research report released on Tuesday. KeyCorp currently has an overweight rating on the stock.

RSPP has been the subject of a number of other reports. RBC Capital Markets set a $46.00 target price on RSP Permian and gave the company a buy rating in a research note on Tuesday, August 9th. Barclays PLC lifted their target price on RSP Permian from $35.00 to $43.00 and gave the company an equal weight rating in a research note on Monday, August 15th. Zacks Investment Research upgraded RSP Permian from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Wednesday, October 12th. Stephens upgraded RSP Permian from an equal weight rating to an overweight rating in a research note on Monday, October 17th. Finally, BMO Capital Markets set a $40.00 target price on RSP Permian and gave the company a buy rating in a research note on Tuesday, August 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $40.68.

Shares of RSP Permian (NYSE:RSPP) opened at 42.03 on Tuesday. RSP Permian has a one year low of $16.74 and a one year high of $43.30. The firm’s market cap is $5.34 billion. The firm’s 50-day moving average price is $39.94 and its 200-day moving average price is $36.92.

In other news, VP William Huck sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $39.73, for a total transaction of $238,380.00. Following the transaction, the vice president now directly owns 381,837 shares in the company, valued at approximately $15,170,384.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ted Collins, Jr. sold 17,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $42.21, for a total transaction of $717,570.00. Following the transaction, the director now owns 8,405,688 shares in the company, valued at $354,804,090.48. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.

A number of large investors have recently modified their holdings of the company. BOKF NA acquired a new stake in shares of RSP Permian during the second quarter worth about $102,000. BNP Paribas Arbitrage SA boosted 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 worth $106,000 after buying an additional 3,046 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of RSP Permian by 121.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,191 shares of the company’s stock worth $124,000 after buying an additional 1,750 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 worth $156,000 after buying an additional 4,329 shares in the last quarter. Finally, Comerica Bank acquired a new stake in shares of RSP Permian during the second quarter worth about $205,000. Hedge funds and other institutional investors own 68.24% of the company’s stock.

RSP Permian Company Profile

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