The stock of RSP Permian Inc (NYSE:RSPP) is a huge mover today! About 773,123 shares traded hands. RSP Permian Inc (NYSE:RSPP) has risen 26.64% since April 13, 2016 and is uptrending. It has outperformed by 22.71% the S&P500.
The move comes after 7 months positive chart setup for the $5.00B company. It was reported on Nov, 15 by Barchart.com. We have $54.47 PT which if reached, will make NYSE:RSPP worth $1.80 billion more.
RSP Permian Inc (NYSE:RSPP) Ratings Coverage
Out of 25 analysts covering RSP Permian (NYSE:RSPP), 20 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 80% are positive. RSP Permian has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Roth Capital maintained the stock with “Buy” rating in Tuesday, October 13 report. Canaccord Genuity initiated RSP Permian Inc (NYSE:RSPP) rating on Tuesday, October 20. Canaccord Genuity has “Hold” rating and $28 price target. The rating was maintained by Jefferies with “Buy” on Wednesday, June 8. As per Wednesday, August 5, the company rating was maintained by Wunderlich. The company was initiated on Friday, August 14 by KeyBanc Capital Markets. On Wednesday, June 15 the stock rating was initiated by Imperial Capital with “Outperform”. BMO Capital Markets initiated the shares of RSPP in a report on Friday, January 29 with “Outperform” rating. FBR Capital initiated RSP Permian Inc (NYSE:RSPP) on Tuesday, September 13 with “Outperform” rating. The firm has “Neutral” rating given on Wednesday, August 5 by TH Capital. Deutsche Bank maintained the shares of RSPP in a report on Tuesday, June 14 with “Buy” rating.
According to Zacks Investment Research, “RSP Permian, Inc. is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves primarily in the Permian Basin of West Texas. RSP Permian, Inc. is based in Dallas, United States.”
Insitutional Activity: The institutional sentiment decreased to 1.47 in 2016 Q2. Its down 0.26, from 1.73 in 2016Q1. The ratio turned negative, as 22 funds sold all RSP Permian Inc shares owned while 53 reduced positions. 40 funds bought stakes while 70 increased positions. They now own 86.99 million shares or 1.23% less from 88.07 million shares in 2016Q1.
Citigroup Incorporated owns 1,705 shares or 0% of their US portfolio. The Switzerland-based Swiss Bancshares has invested 0.01% in RSP Permian Inc (NYSE:RSPP). Jpmorgan Chase And Company, a New York-based fund reported 620,273 shares. Engineers Gate Manager L P owns 102,717 shares or 0.26% of their US portfolio. Bessemer Group Incorporated Inc owns 87 shares or 0% of their US portfolio. The New York-based Teachers Inc has invested 0.14% in RSP Permian Inc (NYSE:RSPP). Principal Fincl has 215,251 shares for 0.01% of their US portfolio. Geneva Advisors Limited Liability Corporation has 0.02% invested in the company for 23,298 shares. The Pennsylvania-based Sei has invested 0.02% in RSP Permian Inc (NYSE:RSPP). Balyasny Asset Management Llc has 0.01% invested in the company for 59,303 shares. Wfg Lp accumulated 1 shares or 0% of the stock. Parametric Portfolio Limited Company last reported 57,357 shares in the company. Architects has 0% invested in the company for 125 shares. Automobile Association owns 539,570 shares or 0.07% of their US portfolio. Channing Capital Management Limited Liability Company accumulated 1.63% or 1.11 million shares.
Insider Transactions: Since May 23, 2016, the stock had 1 buy, and 14 insider sales for $11.29 million net activity. HUSEMAN KENNETH V bought $75,520 worth of RSP Permian Inc (NYSE:RSPP) on Thursday, August 11. $632,275 worth of RSP Permian Inc (NYSE:RSPP) was sold by Daugbjerg Erik B. Huck William had sold 6,000 shares worth $232,560. On Monday, October 24 Collins Ted Jr sold $1.65 million worth of the stock or 42,000 shares.
More recent RSP Permian Inc (NYSE:RSPP) news were published by: Prnewswire.com which released: “RSP Permian, Inc. Announces Change in Timing of Third Quarter 2016 Financial …” on October 27, 2016. Also Prnewswire.com published the news titled: “RSP Permian, Inc. Announces Public Offering of Common Stock” on October 13, 2016. Prnewswire.com‘s news article titled: “RSP Permian, Inc. Announces Timing of Third Quarter 2016 Financial and …” with publication date: October 21, 2016 was also an interesting one.
RSPP Company Profile
RSP Permian, Inc., incorporated on September 30, 2013, is an independent oil and natural gas firm focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Firm operates through the oil and natural gas exploration and production industry in the United States segment. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock.
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