Canaccord Genuity Raises Price Target on RSP Permian (RSPP) Following Delaware Basin Acquisition

KLR Group Raises Price Target on RSP Permian (RSPP) Following Delaware Acquisition

KLR Group reiterated a Buy rating on RSP Permian, Inc. (NYSE: RSPP), and raised the price target to $55.00 (from $52.00), following the company's Delaware acquisition. The transaction adds ~41k net acres in the Delaware Basin to RSPPs portfolio and ~15 MBoepd (~69% oil) of... More

Notable 52-Week Highs and Lows 10/14: (RSPP) (CSX) (TEX) High; (MNKD) (HDP) Low

52-Week High:RSP Permian, Inc. (NYSE: RSPP) $42.72. RSP Permian announced it has entered into definitive agreements to acquire Silver Hill Energy Partners, LLC and Silver Hill E&P II, LLC for $1.25 billion of cash and 31.0 million... More

Notable Mergers and Acquisitions 10/14: (EQM)/(EQT) (DK)/(ALJ) (MORN) (RSPP)

*** EQT Midstream Partners, LP (NYSE: EQM) announced that it has acquired the Allegheny Valley Connector transmission and storage system, along with several Marcellus gathering systems from EQT Corporation (NYSE: EQT) for $275 million in cash. EQM funded the acquisition with borrowings from its revolving credit facility. The acquisition was effective October 1, 2016 and is expected to be immediately accretive to EQMs distributable cash flow per unit.

The Allegheny Valley Connector (AVC) is regulated by the Federal Energy Regulatory Commission (FERC) and includes... More

RSP Permian (RSPP) Prices Larger 22M Share Common Stock Offering for Proceeds of ~$875M

RSP Permian, Inc. (NYSE: RSPP) announced that it has priced an underwritten public offering of 22,000,000 shares of its common stock at $39.75 per share. The offering was upsized to 22,000,000 shares of common stock from the original offering size of 20,000,000 shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of the Company's common stock. Total gross... More

RSP Permian (RSPP) Announces 20M Share Common Stock Offering

RSP Permian, Inc. (NYSE: RSPP) announced the commencement of an underwritten public offering of 20,000,000 shares of its common stock. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of the Company's common stock. The Company intends to use the net... More

RSP Permian (RSPP) to Acquire Silver Hill Energy Partners in $2.4B Deal; Boosts FY16 Outlook

RSP Permian, Inc. (NYSE: RSPP) announced it has entered into definitive agreements to acquire Silver Hill Energy Partners, LLC ("SHEP I") and Silver Hill E&P II, LLC for $1.25 billion of cash and 31.0 million shares of RSP common stock ("RSP Shares") in aggregate, implying a total purchase price of approximately $2.4 billion (based on the 20-day volume weighted average price of RSP Shares as of October 12, 2016).

Silver Hill is comprised of two privately held entities controlled by affiliates of Kayne Anderson Capital Advisors, LP ("Kayne Anderson") and Ridgemont Equity Partners ("Ridgemont") that collectively own ~68,000... More