Rsp Permian, Inc. (RSPP) Files Form 4 Insider Selling : William Huck Sells 6,000 Shares

Rsp Permian, Inc. (RSPP): William Huck , VP, Operations of Rsp Permian, Inc. sold 6,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $37.64 per share for a total value of $225,840.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, William Huck (VP, Operations) sold 6,000 shares at $39.73 per share price.On Aug 24, 2016, Ted Jr Collins (director 10% owner) sold 42,000 shares at $39.50 per share price.Also, On Aug 15, 2016, Kenneth V Huseman (director) purchased 2,000 shares at $37.76 per share price.On Jun 10, 2016, Erik B Daugbjerg (VP of O&G Mktg/Bus. Dev.) sold 17,500 shares at $36.13 per share price.

Shares of RSP Permian Inc (RSPP) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.68 points or -1.77% at $37.64 with 14,91,804 shares getting traded. Post opening the session at $39.08, the shares hit an intraday low of $37.57 and an intraday high of $39.45 and the price vacillated in this range throughout the day. The company has a market cap of $3,826 M and the number of outstanding shares has been calculated to be 10,16,42,584 shares. The 52-week high of RSP Permian Inc is $40.74 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 Initiated by FBR & Co. to Outperform and the brokerage firm has set the Price Target at $55. The Rating was issued on Sep 13, 2016.RSP Permian Inc is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $55. The Rating was issued on Sep 13, 2016.RSP Permian Inc is Initiated by Wells Fargo to Outperform. The Rating was issued on Aug 24, 2016.RSP Permian Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 10, 2016.RSP Permian Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $41 .The Rating was issued on Aug 10, 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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