Rsp Permian, Inc. (RSPP) Files Form 4 Insider Selling : Erik B Daugbjerg Sells 17,500 Shares

Rsp Permian, Inc. (RSPP): Erik B Daugbjerg , VP of O&G Mktg/Bus. Dev. of Rsp Permian, Inc. sold 17,500 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $36.13 per share for a total value of $632,275.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, William Huck (VP, Operations) sold 10,000 shares at $33.00 per share price.On May 25, 2016, Ted Jr Collins (director 10% owner) sold 42,000 shares at $32.22 per share price.Also, On May 13, 2016, Zane W. Arrott (Chief Operating Officer) sold 50,000 shares at $31.78 per share price.On May 13, 2016, Tamara D. Pollard (EVP of Planning and Reserves) sold 35,000 shares at $32.68 per share price.

Shares of RSP Permian Inc (RSPP) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.47 points or -1.32% at $35.15 with 10,96,726 shares getting traded. Post opening the session at $35.06, the shares hit an intraday low of $35.01 and an intraday high of $35.61 and the price vacillated in this range throughout the day. The company has a market cap of $3,573 M and the number of outstanding shares has been calculated to be 10,16,44,918 shares. The 52-week high of RSP Permian Inc is $36.42 and the 52-week low is $16.74.

RSP Permian Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.RSP Permian Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $29 .The Rating was issued on May 4, 2016.RSP Permian Inc is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 4, 2016.RSP Permian Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $34 .The Rating was issued on May 3, 2016.

RSP Permian Inc. is an independent oil and natural gas Company focused on 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 a sub-basin of the Permian Basin primarily in the adjacent counties of Midland Martin Andrews Dawson Ector and Glasscock. As of December 31 2014 the Company has participated in the completion of 92 horizontal wells 45 of which the Company operated. Of these operated horizontal wells three are Wolfcamp A wells 17 are Wolfcamp B wells two are Wolfcamp D wells nine are Middle Spraberry wells 14 are Lower Spraberry wells.

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