The Somewhat Positive News Coverage Likely to Affect RSP Permian (RSPP) Stock Price

The Somewhat Positive News Coverage Likely to Affect RSP Permian (RSPP) Stock Price

These are some of the news articles that may have impacted AlphaOne’s scoring:

News coverage about RSP Permian (NYSE:RSPP) has been trending somewhat positive on Monday, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. RSP Permian earned a coverage optimism score of 0.25 on AlphaOne’s scale. AlphaOne also assigned media stories about the oil and natural gas company an impact score of 80 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next several days.

Several equities research analysts have recently commented on the stock. Scotiabank set a $54.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, April 11th. Goldman Sachs Group Inc upgraded shares of RSP Permian from a “neutral” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday, April 11th. Barclays PLC restated an “overweight” rating and set a $46.00 price objective (up from $44.00) on shares of RSP Permian in a research note on Wednesday, May 17th. Finally, Deutsche Bank AG reduced their price objective on shares of RSP Permian to $52.00 and set a “buy” rating for the company in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.57. Shares of RSP Permian (RSPP) opened at 36.37 on Monday. The company has a 50-day moving average of $38.71 and a 200 day moving average of $41.18. RSP Permian has a 12 month low of $32.25 and a 12 month high of $46.92. The company has a market cap of $5.77 billion, a PE ratio of 141.52 and a beta of 2.29.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. RSP Permian had a negative return on equity of 0.47% and a negative net margin of 15.43%. The firm had revenue of $169.93 million for the quarter, compared to analyst estimates of $159.81 million. On average, analysts anticipate that RSP Permian will post $1.00 earnings per share for the current year. In related news, CEO Steven D. Gray acquired 15,000 shares of RSP Permian stock in a transaction dated Thursday, June 1st. The shares were acquired at an average cost of $36.19 per share, for a total transaction of $542,850.00. Following the completion of the transaction, the chief executive officer now directly owns 301,688 shares of the company’s stock, valued at $10,918,088.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP William Huck sold 6,000 shares of the company’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $41.17, for a total value of $247,020.00. Following the completion of the sale, the vice president now owns 334,452 shares in the company, valued at $13,769,388.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,397,000 shares of company stock worth $674,831,440. 23.50% of the stock is owned by company insiders.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. RSP Permian had a negative return on equity of 0.47% and a negative net margin of 15.43%. The firm had revenue of $169.93 million for the quarter, compared to analyst estimates of $159.81 million. On average, analysts anticipate that RSP Permian will post $1.00 earnings per share for the current year. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RSPP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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