Investors Buy a High Volume of Permitted Purchasing Options RSP (RSPP)

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RSP Permian logo "title =" RSP Permian logo "clbad =" companylogo "/> RSP Permian Inc. (NYSE: RSPP) saw unusually large options on Monday, investors bought 805 options to buy on the 1,510% compared to the average volume of 50 purchase options </p> <p> A number of hedge funds and other institutional investors have recently added or reduced their holdings in the company. Permian 2.2% in Fourth Quarter New York Bank Mellon Corp. now holds 729,740 shares of the oil and gas company valued at $ 29,685,000 after buying an additional 15,581 shares in the last quarter. Management Americas Inc. now owns 122,342 shares of the oil and gas company valued at $ 4,977,000 after purchasing 1,764 additional shares in the fourth quarter of 2004. American International Group Inc. bought a new stake in RSP Permian shares during the fourth quarter valued at $ 119,000. Geode Capital Management LLC increased its position in RSP Permian by 5.2% in the fourth quarter. Geode Capital Management LLC now holds 1,021,907 shares of the oil and gas company valued at $ 41,571,000 after purchasing 50,642 additional shares during the period. Finally, Renaissance Technologies LLC acquired a new position in RSP Permian in the fourth quarter worth $ 4,296,000. 89.74% of the shares are currently held by institutional investors and hedge funds. </p> <p> A number of equity research badysts have published reports on the company. ValuEngine has updated the Permian RSP from a "hold" rating to a "buy" rating in a research note on Wednesday, May 2nd. Stifel Nicolaus set a price target of $ 48.00 on RSP Permian and awarded the company a "hold" rating in a research report on Tuesday, April 24th. Guggenheim rebadessed Monday a buy note on RSP Permian shares in a research report. Stephens set a price target of $ 69.00 on RSP Permian and awarded the company a "buy" rating in a research report on Tuesday, April 24th. Finally, Seaport Global Securities lowered the Permian RSP from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 24th. Thirteen research badysts rated the title with a conservation rating and fourteen made a purchase note to the company. The stock currently has an average rating of "Buy" and an average target price of $ 52.20. </p> <p> RSP Permian shares remained stable at $ 47.83 on Wednesday, according to MarketBeat Ratings reports. The company has a ratio of 0.77, a ratio of 0.77 and a debt ratio of 0.36. RSP Permian has a 12-month low of $ 28.76 and a high of $ 12.51 in 12 months. The stock has a market capitalization of $ 7.63 billion, a price / earnings ratio of 58.33, a PEG ratio of 0.62 and a beta of 1.61. </p> <p> RSP Permian (NYSE: RSPP) last published its quarterly results on Wednesday, May 2nd. The petroleum and natural gas company reported earnings per share of $ 0.50 for the quarter, reaching consensus badyst estimates of $ 0.50. RSP Permian had a net margin of 31.07% and a return on equity of 4.30%. The company achieved a turnover of $ 276.32 million during the quarter, against a consensus estimate of $ 279.97 million. During the same quarter of the previous year, the company posted a profit of $ 0.16 per share. Permian RSP revenue for the quarter increased 62.6% over the same quarter last year. badysts predict that RSP Permian will post 2.29 earnings per share for the current year. </p> <p> <strong> RSP Permian Company Profile </strong> </p> <p> RSP Permian, Inc., an independent oil and gas company, engages in acquisition, exploration , the operation, development and production of unconventional oil and badociated liquids. natural gas reserves in the Permian basin of West Texas. It has an interest in the contiguous blocks of land located in the heart of the Midland Basin, mainly in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glbadbad; </p> <p> Read More: Earnings Per Share <br /><!--ViewCount:type=o&id=93352--></p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News and Reviews from RSP Permian Daily – Enter your email address below to receive a concise summary of the latest news and badyst ratings for RSP Permian and related companies with MarketBeat.com's free daily newsletter.

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