Rsp Permian, Inc. (RSPP) Files Form 4 Insider Selling : Ted Jr Collins Sells 42,000 Shares

Rsp Permian, Inc. (RSPP): Ted Jr Collins , director 10% owner of Rsp Permian, Inc. sold 42,000 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $34.27 per share for a total value of $1,432,360.00 , 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 10, 2016, Erik B Daugbjerg (VP of O&G Mktg/Bus. Dev.) sold 17,500 shares at $36.13 per share price.On Jun 1, 2016, William Huck (VP, Operations) sold 10,000 shares at $33.00 per share price.Also, On May 25, 2016, Ted Jr Collins (director 10% owner) sold 42,000 shares at $32.22 per share price.On May 13, 2016, Zane W. Arrott (Chief Operating Officer) sold 50,000 shares at $31.78 per share price.

RSP Permian Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in RSP Permian Inc which led to swings in the share price. The shares opened for trading at $34.34 and hit $35.155 on the upside , eventually ending the session at $34.62, with a gain of 2.76% or 0.93 points. The heightened volatility saw the trading volume jump to 11,75,150 shares. The 52-week high of the share price is $36.495 and the company has a market cap of $3,519 M . The 52-week low of the share price is at $16.74.

RSP Permian Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.RSP Permian Inc is Initiated by Imperial Capital to Outperform and the brokerage firm has set the Price Target at $45. The Rating was issued on Jun 15, 2016.RSP Permian Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 38 from a previous price target of $34 .The Rating was issued on Jun 14, 2016.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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RSP Permian Inc - Is it time to Sell?

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