News articles about RSP Permian (NYSE:RSPP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RSP Permian earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and natural gas company an impact score of 47.3356663855766 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Caesars Entertainment Corporation (NASDAQ: CZR), RSP Permian, Inc. (NYSE: RSPP) – Make a hit with these Stocks: – Production Investments (press release) (productioninvestments.com)
- Know the Secrets in Technical Analysis of RSP Permian, Inc. (RSPP) – Wall Street Morning (wallstreetmorning.com)
- RSP Permian, Inc. (NYSE:RSPP) – Glistening Stock’s Review – Nasdaq Journal (nasdaqjournal.com)
- RSP Permian, Inc. (RSPP) Stock Showing Pleasant/Unpleasant Sentiment? – Investing News Update (investingbizz.com)
- Research Analysts Issue Forecasts for RSP Permian Inc’s Q1 2018 Earnings (RSPP) (americanbankingnews.com)
A number of equities analysts have commented on the stock. Jefferies Group set a $51.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a research report on Monday. Zacks Investment Research downgraded shares of RSP Permian from a “strong-buy” rating to a “hold” rating in a report on Friday, March 16th. Stephens reiterated a “buy” rating and issued a $53.00 price target on shares of RSP Permian in a report on Thursday, March 15th. Piper Jaffray Companies set a $54.00 price target on shares of RSP Permian and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, UBS started coverage on shares of RSP Permian in a research note on Wednesday, March 7th. They issued a “buy” rating and a $50.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.76.
RSP Permian (NYSE:RSPP) last released its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. RSP Permian had a net margin of 28.88% and a return on equity of 3.07%. The business had revenue of $249.02 million during the quarter, compared to the consensus estimate of $246.71 million. analysts forecast that RSP Permian will post 2.23 earnings per share for the current year.
In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $41.47, for a total value of $1,741,740.00. Following the completion of the transaction, the director now owns 7,968,851 shares of the company’s stock, valued at $330,468,250.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Wallace Family Partnership, Lp sold 32,623 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $42.52, for a total transaction of $1,387,129.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,500 shares of company stock valued at $4,401,033. 15.00% of the stock is currently owned by corporate insiders.
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RSP Permian Company Profile
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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