RSP Permian, Inc. (RSPP) PT Set at $43.00 by Stifel Nicolaus

Brunilde Fioravanti
Ottobre 19, 2017

Taking a look at insider trading at RSP Permian, Inc. (NYSE:RSPP) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

The collective rating of 1.7 for RSP Permian, Inc. BEATTIE ART P also sold $2.42 million worth of Southern Co (NYSE:SO) shares. The Arosa Capital Management Lp holds 692,386 shares with $22.34 million value, up from 323,359 last quarter.

RSP Permian (RSPP) traded down 0.59% during midday trading on Thursday, hitting $33.78. At the moment, RSP Permian, Inc. BlackRock Inc. now owns 7,398,913 shares of the oil and natural gas company's stock worth $306,537,000 after buying an additional 7,351,042 shares during the last quarter. Amalgamated Bank has invested 0.03% in RSP Permian Inc (NYSE:RSPP). There were 41 sold out positions, amounting to 5.41 million shares. The total amount of shares outstanding is 158.56 million, giving the company a market capitalization of about 5.39 billion.

What Does Wall Street Say about Company? Advisory Research reported 0.15% of its portfolio in RSP Permian Inc (NYSE:RSPP). (RSPP) opened at 33.98 on Wednesday. RSP Permian, Inc. has a 52 week low of $28.76 and a 52 week high of $46.92. Company shares last traded at $34.27 which is marginally over the 50 day moving average which is $32.55 and a tad below the 200 day moving average of $34.73. The oil and natural gas company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Moreover, Channing Cap Mgmt Limited Liability Corporation has 0.15% invested in RSP Permian Inc (NYSE:RSPP). The business had revenue of $183.10 million during the quarter, compared to analyst estimates of $185.01 million. Analysts expect next quarter's EPS to be $0.24 with next year's EPS projected to be $1.23. The stock increased 3.45% or $0.04 during the last trading session, reaching $1.2. Following the completion of the transaction, the chief executive officer now owns 311,688 shares in the company, valued at $9,347,523.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Following the completion of the sale, the director now directly owns 8,178,851 shares of the company's stock, valued at approximately $267,857,370.25. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 248,560 shares of company stock valued at $8,060,453.

More notable recent Southern Co (NYSE:SO) news were published by: Seekingalpha.com which released: "Better Utility Dividend Stock: Consolidated Edison Or Southern Company?" on September 21, 2017, also Streetinsider.com with their article: "Southern Co".

ILLEGAL ACTIVITY WARNING: This story was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another site, it was illegally stolen and reposted in violation of worldwide trademark & copyright law. 2,500 RSP Permian Inc (NYSE:RSPP) shares with value of $93,175 were bought by HUSEMAN KENNETH V. Mutrie James E. sold $429,880 worth of stock. BMO Capital Markets set a $42.00 price target on shares of RSP Permian and gave the stock a "buy" rating in a report on Tuesday, August 8th. Janney Capital initiated the stock with "Buy" rating in Wednesday, September 16 report. RSP Permian had 105 analyst reports since July 21, 2015 according to SRatingsIntel.

RSP Permian Inc (RSPP) formed multiple bottom with $31.62 target or 7.00% below today's $34.00 share price. Roth Capital dropped their price target on RSP Permian from $64.50 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, July 25th. On Tuesday, October 3 the stock rating was maintained by Jefferies with "Buy". Finally, Northland Securities set a $52.00 price target on shares of RSP Permian and gave the stock a "buy" rating in a research note on Monday, July 17th. Ci Investments Inc who had been investing in Rsp Permian Inc for a number of months, seems to be bullish on the $5.39 billion market cap 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.

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