Waratah Capital Advisors Ltd. Purchases Shares of 243,582 RSP Permian Inc (RSPP)

Waratah Capital Advisors Ltd. purchased a new stake in RSP Permian Inc (NYSE:RSPP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 243,582 shares of the oil and natural gas company’s stock, valued at approximately $9,909,000. Waratah Capital Advisors Ltd. owned approximately 0.15% of RSP Permian at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of RSP Permian in the fourth quarter valued at about $130,000. Cadence Capital Management LLC bought a new stake in shares of RSP Permian in the fourth quarter valued at about $206,000. Sentry Investment Management LLC bought a new stake in shares of RSP Permian in the second quarter valued at about $210,000. CIBC Asset Management Inc bought a new stake in shares of RSP Permian in the fourth quarter valued at about $217,000. Finally, GSA Capital Partners LLP bought a new stake in shares of RSP Permian in the second quarter valued at about $225,000. Institutional investors own 87.01% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded RSP Permian from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, January 23rd. Credit Suisse Group set a $51.00 target price on RSP Permian and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and issued a $51.00 target price on shares of RSP Permian in a research report on Thursday, January 11th. Stifel Nicolaus set a $48.00 target price on RSP Permian and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Jefferies Group set a $50.00 target price on RSP Permian and gave the company a “buy” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. RSP Permian has a consensus rating of “Buy” and a consensus price target of $47.93.

RSP Permian Inc (NYSE RSPP) opened at $35.19 on Friday. The firm has a market capitalization of $5,639.79, a P/E ratio of 57.69, a price-to-earnings-growth ratio of 0.50 and a beta of 1.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian Inc has a 12-month low of $28.76 and a 12-month high of $44.11.

In other RSP Permian news, insider Wallace Family Partnership, Lp sold 32,623 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $42.52, for a total transaction of $1,387,129.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $37.27, for a total value of $744,393.71. Following the transaction, the vice president now directly owns 203,598 shares in the company, valued at approximately $7,588,097.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,473 shares of company stock worth $7,577,796. Company insiders own 15.00% of the company’s stock.

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RSP Permian Company Profile

RSP Permian, Inc is an independent oil and natural gas company. The Company is engaged in 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, and the Delaware Basin, both sub-basins of the Permian Basin.

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Institutional Ownership by Quarter for RSP Permian (NYSE:RSPP)

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