News articles about RSP Permian (NYSE:RSPP) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RSP Permian earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the oil and natural gas company an impact score of 45.9692911643596 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Third Point Upped Its Position in Rsp Permian (RSPP) as Stock Price Declined; Veritable LP Has Lifted Its Occidental … – Hill Country Times (hillcountrytimes.com)
- Diverse Level of Factors Affect on RSP Permian, Inc. (RSPP) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- RSP Permian, Inc. (NYSE:RSPP) – Do A Company’s Size and Market Value Matter? – Nasdaq Journal (press release) (nasdaqjournal.com)
- Analysts Predict 12% Gains Ahead For The Holdings of FXN (nasdaq.com)
- 5 High-Octane Oil Stocks Poised to Produce a Gusher of Oil in 2018 (finance.yahoo.com)
Several brokerages have commented on RSPP. Northland Securities reissued a “buy” rating and set a $52.00 price target on shares of RSP Permian in a report on Tuesday, September 26th. Jefferies Group set a $48.00 price target on RSP Permian and gave the company a “buy” rating in a report on Wednesday, December 20th. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price target (up from $45.00) on shares of RSP Permian in a report on Tuesday, December 19th. Piper Jaffray Companies lowered their price target on RSP Permian from $49.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Finally, Royal Bank of Canada set a $47.00 price target on RSP Permian and gave the company a “buy” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. RSP Permian has an average rating of “Buy” and a consensus price target of $45.50.
RSP Permian (RSPP) traded up $0.04 during trading hours on Tuesday, reaching $40.68. The company’s stock had a trading volume of 1,180,100 shares, compared to its average volume of 2,020,278. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6,451.82, a PE ratio of 66.69, a PEG ratio of 1.91 and a beta of 2.15. RSP Permian has a twelve month low of $28.76 and a twelve month high of $46.92.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18. The firm had revenue of $201.70 million during the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The business’s quarterly revenue was up 115.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. research analysts forecast that RSP Permian will post 0.81 EPS for the current year.
In related news, CFO Scott K. Mcneill sold 25,000 shares of RSP Permian stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.05, for a total value of $926,250.00. Following the completion of the transaction, the chief financial officer now owns 94,477 shares in the company, valued at $3,500,372.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $34.74, for a total value of $1,459,080.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,973 shares of company stock valued at $6,861,844. Company insiders own 15.00% of the company’s stock.
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.
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