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.

Receive RSP Permian Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian Inc with MarketBeat.com's FREE daily email newsletter.



Like this

Latest


09 October 2017
Honest Trailers creator Andy Signore accused of sexual harassment
Dawn also posted to Twitter accusing Signore of attempting to sexually assault her on multiple occasions. The HR team was made aware of the allegations which prompted an investigation.

09 October 2017
NASCAR Monster Energy Series Predictions - Bank of America 500 10/8/17
During the pit stops that followed, the teams of Larson and Johnson had missteps, pushing them out of the top 10 for the restart. Martin Truex Jr . won his second NASCAR Cup Series playoff race, Sunday's Bank of America 500 at at Charlotte Motor Speedway .

09 October 2017
North Korean workers operating in closed, South-invested factory zone
Speaking to reporters on Saturday ahead of a trip to North Carolina, Trump said he had nothing more to clarify. Mr Trump also told a recent gathering of journalists that this period could be the calm before the storm .

09 October 2017
No firecracker sale in Delhi-NCR this Diwali, rules Supreme Court
Both the petitioner and permanent licence holders have sought the modification of September 12 direction by the top court. The Supreme Court has banned the sale of firecrackers during Diwali this year in the National Capital Region.

09 October 2017
Vice President Pence leaves 49ers-Colts game after anthem protest
Colts players wore T-shirts drawing attention to equality and justice and stood with their arms locked during the anthem. But after seeing 49ers players kneeling during the anthem, Pence and Second Lady Karen Pence got up and left .

09 October 2017
Godhra case: Gujarat HC commutes death sentence for 11 to life term
Within hours, deadly riots had broken across the western state that raged on for days and killed more than 1,000 people. After stone-pelting, they locked the doors of the S6 coach from outside, poured petrol inside and set it on fire.

09 October 2017
Next Weeks Broker Price Targets For Brookfield Infrastructure Partners LP (NYSE:BIP)
Short traders are feeling a little more bearish on shares of the company at least if you consider the rise in short interest. It fall, as 50 investors sold vehicle shares while 64 reduced holdings. 15 funds opened positions while 50 raised stakes.

09 October 2017
Chevron Wheatstone project produces first liquefied natural gas
All eyes in the LNG market will be on how smoothly Wheatstone progresses following the troubled start-up at Chevron's bigger Gorgon LNG project.

09 October 2017
Man jumps to death after stabbing wife
Around midnight, her husband Jaswinder Singh came to the house and asked her to come to the terrace on the fourth floor. He fell onto a white Swift auto and thereafter on the road, thus smashing his head against the ground.

09 October 2017
Alex Iwobi breaks dressing room silence over Alexis Sanchez and Mesut Ozil
Sanchez is wanted by Manchester City, who were only denied signing him in the summer when Thomas Lemar snubbed a move from Monaco to Arsenal on deadline day.



Recommended