Why RSP Permian (RSPP) Stock Is Falling Today

NEW YORK (TheStreet) -- RSP Permian (RSPP) was falling -1.3% to $25.56 Thursday after announcing the pricing of its 10 million share offering.

The company priced the 10 million share offering at $25.65 a share. RSP Permian will sell 4,166,667 shares in the offering, while certain shareholders will sell the remaining 5,833,333 shares in the 10 million share offering.

RSP Permian expects net proceeds of $102.3 million from the offering, which it plans to use to repay amounts under its revolving credit facility.

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

RSPP ChartRSPP data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

Tesla Shares Jump on New $78,000 Model 3 Plan, China Trade War Truce

Tesla Shares Jump on New $78,000 Model 3 Plan, China Trade War Truce

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019