Economy

Insiders Selling, Short Interest Growing RSP Permian, Inc. (NYSE:RSPP)

"(RSPP)" was first posted by StockNewsTimes and is owned by of StockNewsTimes. Hedge funds and other institutional investors own 86.57% of the company's stock.

RSP Permian, Inc. has a 52-week low of $28.76 and a 52-week high of $46.92. The stock decreased 1.62% or $0.56 on October 6, reaching $34.07. About 960,179 shares traded.

Short traders are more bearish on shares of RSP Permian, Inc. of late if you take a look at the motion in short interest. It has outperformed by 9.12% the S&P500. KAYNE ANDERSON CAPITAL ADVISORS LP also sold $668.96 million worth of RSP Permian Inc (NYSE:RSPP) shares. In the last three months, insiders sold 185,560 shares of company stock valued at $5,870,993. The company has a market capitalization of $5.52 billion, a P/E ratio of 64.17 and a beta of 2.17. About 778,861 shares traded or 14.31% up from the average. It is down 25.82% since October 5, 2016 and is uptrending. It has underperformed by 9.11% the S&P500.

Another recent and important Verisign, Inc. Boston reported 0.3% in RSP Permian Inc (NYSE:RSPP). Its up 0.04, from 0.05 in 2017Q1. It increased, as 36 investors sold RSPP shares while 52 reduced holdings. Howe & Rusling reported 63 shares stake. Moreover, State Street Corporation has 0.01% invested in Verisign, Inc. (NASDAQ:VRSN) for 40.25M shares. Hm Payson & holds 0.08% or 18,769 shares in its portfolio. (NASDAQ:VRSN) to report earnings on October, 26. Next quarter's EPS is estimated at $0.22 with next year's EPS anticipated to be $1.20. The lowest EPS estimate is $0.10 and the highest is $0.25.

Box, Inc. most recently reported earnings per share (EPS) of -$0.11 for the July 2017 versus -$0.14 in the same quarter a year ago, representing -21% growth. The consensus target price is $35.33 with 7 firms rating the stock a strong buy, 19 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. Therefore 20% are positive. Darden Restaurants had 71 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Monday, October 2 by Citigroup. The count of Hold ratings in that period was 1. On Monday, August 15 the stock rating was maintained by Barclays Capital with "Equal-Weight".

As of quarter end Arosa Capital Management Lp had bought 369,027 shares growing its holdings by 114.1%. Bluecrest Capital Management Ltd bolstered its holdings by buying 558,199 shares an increase of 848.7% in the quarter.

Investors sentiment increased to 1.67 in Q2 2017. Its down 0.19, from 1.14 in 2017Q1. The stock was sold at an average price of $31.47, for a total transaction of $391,707.09. 82,238 are owned by Cipher Cap L P. Lombard Odier Asset Mgmt (Usa) accumulated 211,849 shares. Oak Ridge Invs Lc stated it has 556,889 shares. The legal version of this piece can be accessed at https://weekherald.com/2017/10/08/stifel-nicolaus-reiterates-43-00-price-target-for-rsp-permian-inc-rspp.html.

These firms have modified their investment in RSPP.

Want to see what other hedge funds are holding RSPP? Advisory Rech invested in 253,670 shares. Bamco Incorporated invested in 0.02% or 133,900 shares. Schwab Charles invested in 0.01% or 451,227 shares.

Shares of RSP Permian, Inc. Victory Cap Mngmt Inc holds 1.21M shares. The stock's 50 day moving average is $31.98 and its 200 day moving average is $34.97. Therefore 94% are positive. RSP Permian had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Royal Bank Of Canada reaffirmed a "buy" rating and set a $44.00 target price on shares of RSP Permian in a report on Thursday, July 20th.

12/05/2016 - RSP Permian Inc was upgraded to "overweight" by analysts at Morgan Stanley. (NYSE RSPP) opened at 34.07 on Friday. The firm earned "Buy" rating on Tuesday, March 29 by Goldman Sachs. The company was downgraded on Friday, January 13 by JP Morgan.

In addition to Williams Capital reporting its target price, a total of 28 firms have reported on the stock. Employees Retirement Association Of Colorado invested 0% of its portfolio in RSP Permian Inc (NYSE:RSPP). Roth Capital has "Buy" rating and $31 target.

Since April 5, 2017, it had 2 buys, and 5 sales for $1.34 billion activity. HUSEMAN KENNETH V bought $93,175 worth of stock or 2,500 shares. Shares for $1.45 million were sold by Collins Ted Jr on Wednesday, June 7. Glg Partners Lp acquired 160,372 shares as Teck Resources Ltd (TCK)'s stock 0.00%. Over the last three months, insiders have sold 248,560 shares of company stock worth $8,060,453.

07/19/2017 - RSP Permian Inc had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch.

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