News coverage about RSP Permian (NYSE:RSPP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RSP Permian earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the oil and natural gas company an impact score of 46.7336631855356 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
RSPP has been the topic of several analyst reports. Northland Securities set a $48.00 price target on RSP Permian and gave the stock a “buy” rating in a report on Monday, December 11th. Scotiabank reiterated a “buy” rating and set a $43.00 price target on shares of RSP Permian in a report on Wednesday, November 22nd. Barclays restated a “buy” rating on shares of RSP Permian in a report on Tuesday, November 21st. BMO Capital Markets set a $46.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, KeyCorp restated a “buy” rating and issued a $49.00 price objective on shares of RSP Permian in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. RSP Permian currently has a consensus rating of “Buy” and a consensus target price of $47.93.
Shares of RSP Permian (NYSE RSPP) traded down $0.37 during trading hours on Friday, reaching $35.19. 1,027,793 shares of the company’s stock were exchanged, compared to its average volume of 2,615,135. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $5,581.10, a price-to-earnings ratio of 57.69, a PEG ratio of 0.49 and a beta of 1.97. RSP Permian has a one year low of $28.76 and a one year high of $44.11.
In other RSP Permian news, insider Wallace Family Partnership, Lp sold 29,877 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $42.58, for a total transaction of $1,272,162.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of the business’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 $7,588,097.46. The disclosure for this sale can be found here. Insiders have sold 191,473 shares of company stock worth $7,577,796 over the last quarter. 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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