Brenham Capital Management buys $136,440,000 stake in RSP Permian Inc (RSPP)

RSP Permian Inc (RSPP) : Brenham Capital Management scooped up 100,000 additional shares in RSP Permian Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,600,000 shares of RSP Permian Inc which is valued at $136,440,000.RSP Permian Inc makes up approximately 15.93% of Brenham Capital Management’s portfolio.

Other Hedge Funds, Including , Pier Capital added RSPP to its portfolio by purchasing 170,166 company shares during the most recent quarter which is valued at $6,449,291. RSP Permian Inc makes up approx 1.10% of Pier Capital’s portfolio. Deimos Asset Management added RSPP to its portfolio by purchasing 12,450 company shares during the most recent quarter which is valued at $471,855. RSP Permian Inc makes up approx 0.39% of Deimos Asset Management’s portfolio. Comerica Bank added RSPP to its portfolio by purchasing 5,359 company shares during the most recent quarter which is valued at $203,106. Dynamic Technology Lab Private Ltd sold out all of its stake in RSPP during the most recent quarter. The investment firm sold 24,374 shares of RSPP which is valued $923,775.

RSP Permian Inc opened for trading at $38.87 and hit $39.165 on the upside on Thursday, eventually ending the session at $39.1, with a gain of 0.13% or 0.05 points. The heightened volatility saw the trading volume jump to 8,50,496 shares. Company has a market cap of $3,974 M.

On the company’s financial health, RSP Permian Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.03. The company had revenue of $81.50 million for the quarter, compared to analysts expectations of $78.37 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on RSP Permian Inc. RSP Permian Inc was Initiated by Wells Fargo to “Outperform” on Aug 24, 2016. RSP Permian Inc was Downgraded by Goldman to ” Neutral” on Aug 10, 2016. Company shares were Reiterated by Wunderlich on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .

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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