Insiders Worth Watching: Ted Collins Insider Sale for 21,000 Shares of RSP Permian Inc (NYSE:RSPP)

November 24, 2016 - By Peter Kolinski

Insiders Worth Watching: Ted Collins Insider Sale for 21,000 Shares of RSP Permian Inc (NYSE:RSPP)

Ted Collins Insider Sell

Ted Collins, director of Rsp Permian Inc is the insider, our financial writers want to inform you for. Mr. Ted submitted a report with the D.C. based-SEC informing the public of a deal for 21,000 shares of the company, the one he is an insider in. At the time of the selling transaction, the average market stock price of Rsp Permian Inc was $42.3, making the insider stocks unloading worth $889,140 U.S Dollars. He also sold 42,000 shares with a market value $1,653,653 USD in the last 30 days. This deal was pretty big one, so clearly it won’t go unseen. Presently, he owns a total of 8.42 million shares or 10%+ of the company’s total market capitalization.

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. $55 is the highest target while $21 is the lowest. The $36.88 average target is -13.55% below today’s ($42.66) stock price. RSP Permian has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Buy” rating and $48 target price in Wednesday, August 10 report. The rating was initiated by FBR Capital with “Outperform” on Tuesday, September 13. As per Friday, March 11, the company rating was upgraded by Goldman Sachs. The rating was initiated by Wells Fargo on Wednesday, August 24 with “Outperform”. The firm has “Buy” rating by Roth Capital given on Tuesday, October 13. The company was upgraded on Thursday, August 6 by Roth Capital. The rating was initiated by Cowen & Co with “Market Perform” on Wednesday, December 9. The stock of RSP Permian Inc (NYSE:RSPP) earned “Neutral” rating by JP Morgan on Tuesday, March 15. The firm earned “Outperform” rating on Friday, January 29 by BMO Capital Markets. Northland Capital maintained RSP Permian Inc (NYSE:RSPP) rating on Tuesday, November 3. Northland Capital has “Outperform” rating and $35 price target.

Insitutional Activity: The institutional sentiment decreased to 1.39 in Q2 2016. Its down 0.08, from 1.47 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.

The New York-based Bamco Inc Ny has invested 0.03% in RSP Permian Inc (NYSE:RSPP). Fin Services Corporation reported 52 shares or 0% of all its holdings. Viking Fund Ltd Limited Liability Company last reported 350,000 shares in the company. Cipher L P has invested 0.31% of its portfolio in RSP Permian Inc (NYSE:RSPP). Amalgamated Fincl Bank last reported 0.02% of its portfolio in the stock. Thrivent Fincl For Lutherans has 0.02% invested in the company for 132,900 shares. Cornerstone Ltd has 7,100 shares for 0% of their US portfolio. Weiss Asset Mgmt Ltd Partnership has invested 0.1% of its portfolio in RSP Permian Inc (NYSE:RSPP). Talara Management Lc, a New York-based fund reported 623,408 shares. Ami Asset Mgmt Corp accumulated 0.53% or 218,379 shares. Rr Limited Liability, a Texas-based fund reported 160,000 shares. Moreover, Voya Management Ltd Liability Corporation has 0% invested in RSP Permian Inc (NYSE:RSPP) for 32,479 shares. Aqr Capital Mgmt Ltd Liability Corp last reported 0% of its portfolio in the stock. Ladenburg Thalmann Fin Service Inc accumulated 369 shares or 0% of the stock. Raymond James Ser Inc last reported 11,102 shares in the company.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 13 selling transactions for $9.85 million net activity. 6,000 shares were sold by Huck William, worth $238,380. $1.65 million worth of RSP Permian Inc (NYSE:RSPP) was sold by Collins Ted Jr on Monday, August 22. 17,500 shares were sold by Daugbjerg Erik B, worth $632,275 on Wednesday, June 8. On Thursday, August 11 HUSEMAN KENNETH V bought $75,520 worth of the stock or 2,000 shares.

The stock increased 0.19% or $0.08 during the last trading session, hitting $42.66. About 1.12M shares traded hands. RSP Permian Inc (NYSE:RSPP) has risen 32.40% since April 22, 2016 and is uptrending. It has outperformed by 26.99% the S&P500.

RSP Permian, Inc. 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 company has a market cap of $5.40 billion. The Firm operates through the oil and natural gas exploration and production industry in the United States segment. It currently has negative earnings. 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.

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.”

Analysts await RSP Permian Inc (NYSE:RSPP) to report earnings on February, 22. They expect $0.05 EPS, down 58.33% or $0.07 from last year’s $0.12 per share. RSPP’s profit will be $6.33M for 213.30 P/E if the $0.05 EPS becomes a reality. After $-0.01 actual EPS reported by RSP Permian Inc for the previous quarter, Wall Street now forecasts -600.00% EPS growth.

More recent RSP Permian Inc (NYSE:RSPP) news were published by: Prnewswire.com which released: “RSP Permian, Inc. Announces Timing of Third Quarter 2016 Financial and ..” on October 21, 2016. Also Forbes.com published the news titled: “RSP Permian Pays High Price For West Texas Properties” on October 14, 2016. Prnewswire.com‘s news article titled: “RSP Permian, Inc. Announces Retirement of Tamara Pollard, Executive Vice ..” with publication date: April 25, 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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