Insider Exclusive: Warning RSP Permian Inc (NYSE:RSPP) optimists! Ted Collins just Sold 17,000 shares.

November 26, 2016 - By Ellis Scott

Insider Exclusive: Warning RSP Permian Inc (NYSE:RSPP) optimists! Ted Collins just Sold 17,000 shares.

Ted Collins Insider Sell

Ted Collins, the well informed man, who acts as a director of Rsp Permian Inc made a sale of precisely 17,000 shares of the corporation worth about $717,578 U.S. Dollars based on an avg price of 42.2 U.S. Dollars per share. It seems he is very active lately as in the last 30 days, he silently unloaded additional 63,000 shares of the company, worth $2,542,793 USD. This large deal was executed on November 25, 2016 and is free at your disposal on the U.S. Security and Exchange Commission’s website. This substantial stocks unloading is sure to get stock traders talking about the company. Ted Collins now has ownership of 10.57 million shares of the Firm.

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 -12.25% below today’s ($42.03) stock price. RSP Permian has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 17 by Canaccord Genuity. The rating was upgraded by Roth Capital on Thursday, August 6 to “Buy”. The stock has “Neutral” rating given by TH Capital on Wednesday, August 5. The company was upgraded on Wednesday, May 4 by Raymond James. Goldman Sachs downgraded RSP Permian Inc (NYSE:RSPP) on Friday, September 11 to “Neutral” rating. The company was initiated on Wednesday, December 9 by Cowen & Co. The firm has “Buy” rating given on Friday, March 11 by Goldman Sachs. The firm has “Buy” rating given on Tuesday, March 29 by Goldman Sachs. As per Wednesday, August 24, the company rating was initiated by Wells Fargo. The rating was initiated by BMO Capital Markets with “Outperform” on Friday, January 29.

Insitutional Activity: The institutional sentiment decreased to 1.39 in Q2 2016. Its down 0.08, from 1.47 in 2016Q1. The ratio dropped, 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.

Essex Invest Mngmt Co Ltd Liability Co holds 28,136 shares or 0.16% of its portfolio. Mutual Of America Capital Management Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Diam holds 0.03% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 55,141 shares. State Of Wisconsin Board holds 0.07% or 505,431 shares in its portfolio. Teachers Advisors has invested 0.14% of its portfolio in RSP Permian Inc (NYSE:RSPP). Ladenburg Thalmann Financial Serv reported 369 shares or 0% of all its holdings. Rhumbline Advisers, a Massachusetts-based fund reported 93,552 shares. The Texas-based Texan Capital Management has invested 0.15% in RSP Permian Inc (NYSE:RSPP). Palisade Cap Mgmt Limited Company Nj, a New Jersey-based fund reported 24,610 shares. Texas Cap Financial Bank Tx holds 0.69% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 8,700 shares. Pnc Finance Svcs Grp Incorporated has 340 shares for 0% of their US portfolio. Princeton Alpha Management L P reported 17,431 shares or 0.11% of all its holdings. Blackrock Advsrs accumulated 212,516 shares or 0.01% of the stock. Legal And General Group Inc Public Llc has invested 0% of its portfolio in RSP Permian Inc (NYSE:RSPP). Brenham Capital Mgmt Limited Partnership holds 16.07% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 3.60M shares.

Insider Transactions: Since May 27, 2016, the stock had 1 buying transaction, and 14 insider sales for $10.74 million net activity. Another trade for 6,000 shares valued at $252,900 was sold by Huck William. HUSEMAN KENNETH V had bought 2,000 shares worth $75,520 on Thursday, August 11. Collins Ted Jr sold $1.43 million worth of RSP Permian Inc (NYSE:RSPP) on Tuesday, June 28. Daugbjerg Erik B had sold 17,500 shares worth $632,275 on Wednesday, June 8.

The stock decreased 1.48% or $0.63 during the last trading session, hitting $42.03. About 563,041 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 $5.35 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 earnings per share, down 58.33% or $0.07 from last year’s $0.12 per share. RSPP’s profit will be $6.36M for 210.15 P/E if the $0.05 EPS becomes a reality. After $-0.01 actual earnings per share reported by RSP Permian Inc for the previous quarter, Wall Street now forecasts -600.00% EPS growth.

More news for RSP Permian Inc (NYSE:RSPP) were recently published by: Forbes.com, which released: “RSP Permian Pays High Price For West Texas Properties” on October 14, 2016. Prnewswire.com‘s article titled: “RSP Permian, Inc. Announces Timing of Third Quarter 2016 Financial and ..” and published on October 21, 2016 is yet another important article.

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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