RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 21,000 shares of RSP Permian stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $32.65, for a total transaction of $685,650.00. Following the completion of the transaction, the director now directly owns 8,178,851 shares in the company, valued at $267,039,485.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of RSP Permian, Inc. (NYSE:RSPP) traded up 0.31% during midday trading on Friday, hitting $32.36. 1,328,963 shares of the company’s stock traded hands. RSP Permian, Inc. has a 52 week low of $29.67 and a 52 week high of $46.92. The company has a 50 day moving average of $32.71 and a 200 day moving average of $37.62. The stock has a market cap of $5.13 billion, a P/E ratio of 59.70 and a beta of 2.13.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $183.10 million for the quarter, compared to analyst estimates of $185.01 million. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The company’s quarterly revenue was up 124.7% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. On average, equities analysts forecast that RSP Permian, Inc. will post $0.72 EPS for the current fiscal year.

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A number of equities analysts have recently commented on RSPP shares. TheStreet raised shares of RSP Permian from a “c” rating to a “b” rating in a report on Monday, May 22nd. Williams Capital started coverage on shares of RSP Permian in a report on Monday, June 12th. They issued a “buy” rating and a $47.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 target price on shares of RSP Permian in a report on Friday, June 16th. Roth Capital set a $65.00 target price on shares of RSP Permian and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, BMO Capital Markets set a $38.00 target price on shares of RSP Permian and gave the company a “buy” rating in a report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. RSP Permian presently has a consensus rating of “Buy” and a consensus price target of $46.58.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of RSP Permian by 4.3% in the first quarter. Teacher Retirement System of Texas now owns 8,091 shares of the oil and natural gas company’s stock worth $335,000 after buying an additional 331 shares during the period. OppenheimerFunds Inc. raised its position in shares of RSP Permian by 24.3% in the first quarter. OppenheimerFunds Inc. now owns 13,448 shares of the oil and natural gas company’s stock worth $557,000 after buying an additional 2,627 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of RSP Permian by 27.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 592,654 shares of the oil and natural gas company’s stock worth $24,554,000 after buying an additional 128,887 shares during the period. Legal & General Group Plc raised its position in shares of RSP Permian by 2.7% in the first quarter. Legal & General Group Plc now owns 35,697 shares of the oil and natural gas company’s stock worth $1,476,000 after buying an additional 945 shares during the period. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of RSP Permian by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,000 shares of the oil and natural gas company’s stock worth $829,000 after buying an additional 600 shares during the period. 77.43% 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.

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

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