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Stock Market & Financial Investment News

News Breaks
August 6, 2014
07:37 EDTRSPPRSP Permian files to sell 12M shares of common stock
RSP Permian announced the commencement of an underwritten public offering of 5M shares of its common stock by the Company and 7M shares of its common stock by the selling stockholders. Barclays, RBC Capital Markets, Raymond James, Tudor, Pickering, Holt & Co. and UBS Investment Bank will act as joint book-running manager for this offering.
News For RSPP From The Last 14 Days
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January 27, 2015
10:00 EDTRSPPOn the Fly: Analyst Downgrade Summary
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January 26, 2015
16:26 EDTRSPPMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
16:22 EDTRSPPRSP Permian downgraded to Neutral from Buy at UBS
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January 20, 2015
07:10 EDTRSPPRSP Permian approves $400M-$450M capital budget for 2015
RSP Permian announced its Board of Directors has approved a $400M-$450M capital budget for 2015.
07:10 EDTRSPPRSP Permian sees FY15 production up 49%-57% YoY
In 2015, RSP expects production to average between 17,500 and 18,500 Boe/d, or a 49% to 57% year-over-year growth rate from the mid-point of its previously provided 2014 expected production range. The outlook for 2015 reflects the impact of severe winter storms that hit the Permian Basin and affected the Company's production and drilling operations in early 2015. The weather had a minimal impact on fourth quarter 2014 production.

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