Research Analysts Offer Predictions for RSP Permian Inc’s Q1 2018 Earnings (RSPP)
RSP Permian Inc (NYSE:RSPP) – Equities research analysts at Seaport Global Securities increased their Q1 2018 earnings per share estimates for shares of RSP Permian in a report released on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and natural gas company will earn $0.42 per share for the quarter, up from their prior estimate of $0.41. Seaport Global Securities also issued estimates for RSP Permian’s Q2 2018 earnings at $0.48 EPS and Q4 2018 earnings at $0.49 EPS.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $249.02 million for the quarter, compared to analyst estimates of $246.71 million. RSP Permian had a return on equity of 3.10% and a net margin of 28.88%.
Shares of RSP Permian (NYSE:RSPP) opened at $40.04 on Thursday. The firm has a market capitalization of $6,108.20, a price-to-earnings ratio of 26.87, a P/E/G ratio of 0.53 and a beta of 1.91. RSP Permian has a 52-week low of $28.76 and a 52-week high of $43.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35.
Several institutional investors have recently made changes to their positions in RSPP. American International Group Inc. bought a new stake in shares of RSP Permian during the 4th quarter valued at about $119,000. Cerebellum GP LLC acquired a new position in RSP Permian during the 4th quarter worth approximately $130,000. Cadence Capital Management LLC acquired a new position in RSP Permian during the 4th quarter worth approximately $206,000. CIBC Asset Management Inc acquired a new position in RSP Permian during the 4th quarter worth approximately $217,000. Finally, Fieldpoint Private Securities LLC acquired a new position in RSP Permian during the 3rd quarter worth approximately $233,000. Institutional investors own 89.64% of the company’s stock.
In related news, VP Erik B. Daugbjerg sold 19,973 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $37.27, for a total transaction of $744,393.71. Following the sale, the vice president now owns 203,598 shares in the company, valued at approximately $7,588,097.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $35.86, for a total value of $1,506,120.00. Following the sale, the director now owns 8,010,851 shares in the company, valued at approximately $287,269,116.86. The disclosure for this sale can be found here. In the last 90 days, insiders have 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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