Simplex Trading buys $466,130 stake in RSP Permian Inc (RSPP)

RSP Permian Inc (RSPP) : Simplex Trading scooped up 10,386 additional shares in RSP Permian Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 11,768 shares of RSP Permian Inc which is valued at $466,130.RSP Permian Inc makes up approximately 0.06% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in RSPP by selling 3,070 shares or 24.96% in the most recent quarter. The Hedge Fund company now holds 9,230 shares of RSPP which is valued at $365,600. RSP Permian Inc makes up approx 0.05% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in RSPP in the latest quarter, The investment management firm added 3,289 additional shares and now holds a total of 6,341 shares of RSP Permian Inc which is valued at $252,562. Washington Trust Bank added RSPP to its portfolio by purchasing 52 company shares during the most recent quarter which is valued at $2,071.

RSP Permian Inc closed down -0.1 points or -0.25% at $39.61 with 15,28,061 shares getting traded on Friday. Post opening the session at $39.84, the shares hit an intraday low of $39.37 and an intraday high of $40.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. FBR & Co. Initiated RSP Permian Inc on Sep 13, 2016 to “Outperform”, Price Target of the shares are set at $55.FBR Capital Initiated RSP Permian Inc on Sep 13, 2016 to “Outperform”, Price Target of the shares are set at $55.RSP Permian Inc was Initiated by Wells Fargo to “Outperform” on Aug 24, 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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