RSP Permian, Inc. Announces Public Offering of Common Stock
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Canaccord Genuity Raises Price Target on RSP Permian (RSPP) Following Delaware Basin Acquisition
October 17, 2016 9:49 AM EDTCanaccord Genuity reiterated a Buy rating on RSP Permian, Inc. (NYSE: RSPP), and raised the price target to $50.00 (from $42.00), Following Delaware basin acquisition. The company now enters one of the best parts of the basin accretively while maintaining a relatively clean balance sheet and improving its... More
RSP Permian (RSPP) Prices Larger 22M Share Common Stock Offering for Proceeds of ~$875M
October 14, 2016 5:50 AM EDTRSP 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
