RSP Permian Inc. (RSPP) is Trading Lower on Unusual Volume for January 18
RSP Permian Inc. (RSPP) experienced unusually high volume on Jan. 18, as the stock lost 2.27% to a closing price of $20.65. The stock saw 2.97 million shares trade hands over the course of the day on 21,792 trades. Given that the stock’s average daily volume over the last month has been 1.68 million shares a day, this represents a pretty substantial spike over the norm.
RSP Permian Inc. has a P/B ratio of 1.26. It also has a P/E ratio of 16. The stock has traded between $31.15 and $19.20 over the last 52-weeks, its 50-day SMA is now $25.70, and its 200-day SMA $25.98.
RSP Permian Inc is an 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.
Headquartered in Dallas, TX, RSP Permian Inc. has 79 employees and is currently under the leadership of CEO Steven Gray.
For a complete fundamental analysis analysis of RSP Permian Inc., check out Equities.com’s Stock Valuation Analysis report for RSPP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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Source: Equities.com News
(January 18, 2016 - 11:33 AM EST)
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