Analysts Showing Optimistic Trends For RSP Permian, Inc. (RSPP)

RSP Permian now has a consensus rating of "Buy" and a consensus price target of $46.58. They now have a $38.00 price target on the stock.

Other research analysts have also issued reports about the stock. Bank of America Corporation assumed coverage on RSP Permian in a research report on Wednesday, July 19th. The brokerage now has a $45.00 price objective on the oil and natural gas company's stock. Credit Suisse Group started coverage on RSP Permian in a research report on Thursday, June 1st. The value of the investment in RSPP went from $105,888,000 to $75,729,000 a change of 28.5% quarter to quarter. Williams Capital initiated coverage on shares of RSP Permian in a report on Monday, June 12th. They set a buy rating and a $47.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock.

7/20/2017 - RSP Permian had its "buy" rating reaffirmed by analysts at Royal Bank Of Canada.

Shares of RSP Permian (RSPP) opened at 32.26 on Friday. 1,007,188 shares of the company traded hands. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 59.52 and a beta of 2.13. The Company has 52-week high of $46.92 and 52-week low of $29.67. It is now trading at $32.41 marginally under the 50 day moving average of $32.71 and significantly below the 200 day moving average of $37.62.

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Nicky Delmonico will be in left field while Leury Garcia mans right and Avisail Garcia grabs a seat on the White Sox' bench. Duffy fell to 7-8 after allowing five runs and seven hits in 6 1/3 innings, striking out eight and walking zero.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.02. The Return on Equity (ROE) value stands at 1.1%. The firm had revenue of $183.10 million for the quarter, compared to the consensus estimate of $185.01 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The company's revenue was up 124.7% on a year-over-year basis. Barclays PLC reiterated an overweight rating and set a $44.00 target price on shares of RSP Permian in a research note on Wednesday, April 26th.

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CEO Steven D. Gray acquired 15,000 shares at an average price of $36.19 on Thursday the 1st. Following the transaction, the director now owns 8,220,851 shares in the company, valued at $264,464,776.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. The stock was sold at an average price of $32.65, for a total transaction of $685,650.00. The disclosure for this purchase can be found here. Its position was worth $55,037,000 an increase of $3,590,000 as of the end of the quarter. The firm now has a buy rating on the oil and natural gas company's stock. 1st Global Advisors Inc. raised its position in RSP Permian by 1.9% in the first quarter. American Century Companies Inc. now owns 157,636 shares of the oil and natural gas company's stock worth $6,531,000 after buying an additional 9,480 shares during the period. BNP Paribas Arbitrage SA increased its stake in RSP Permian by 65.7% in the second quarter. BP Capital Fund Advisors LLC now owns 162,940 shares of the oil and natural gas company's stock worth $5,258,000 after buying an additional 16,899 shares during the last quarter. 1st Global Advisors Inc. boosted its position in RSP Permian by 1.9% in the first quarter. The brokerage now has a $38.00 target price on the oil and natural gas company's stock. GSA Capital Partners LLP acquired a new position in RSP Permian during the second quarter valued at approximately $225,000. Finally, Two Sigma Securities LLC purchased a new position in RSP Permian during the first quarter worth approximately $279,000. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company's stock valued at $139,000 after buying an additional 1,705 shares in the last quarter. Hedge funds and other institutional investors own 77.43% of the company's stock. TheStreet lowered shares of RSP Permian from a b- rating to a c rating in a research note on Wednesday, July 5th. The Company is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.

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