Rsp Permian, Inc. (RSPP): Zane W. Arrott , Chief Operating Officer of Rsp Permian, Inc. sold 50,000 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $31.78 per share for a total value of $1,589,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, William Huck (VP, Operations) sold 4,000 shares at $29.81 per share price.On Apr 27, 2016, Ted Jr Collins (director 10% owner) sold 42,000 shares at $31.77 per share price.Also, On Mar 21, 2016, Tamara D. Pollard (EVP of Planning and Reserves) sold 20,000 shares at $29.26 per share price.On Mar 21, 2016, Zane W. Arrott (Chief Operating Officer) sold 50,000 shares at $29.09 per share price.
RSP Permian Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in RSP Permian Inc which led to swings in the share price. The shares opened for trading at $30.58 and hit $31.89 on the upside , eventually ending the session at $31.86, with a gain of 4.53% or 1.38 points. The heightened volatility saw the trading volume jump to 11,67,786 shares. The 52-week high of the share price is $32.715 and the company has a market cap of $3,238 M . The 52-week low of the share price is at $16.74.
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 Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 11, 2016.RSP Permian Inc is Upgraded by Susquehanna to Positive. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 29, 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.