(NYSE:RSPP) from a sell rating to a strong sell rating in a report published on Tuesday morning. RSP Permian now has an average rating of Buy and a consensus price target of $46.58. They now have a Dollars 53 price target on the stock. Wolfe Research started coverage on RSP Permian in a research report on Thursday, June 15th. The stock has an average rating of Buy and a consensus target price of $46.58. RSP Permian, Inc.is based in Dallas, United States. Finally, Zacks Investment Research lowered shares of RSP Permian from a "buy" rating to a "hold" rating in a research report on Saturday, April 22nd.
RSP Permian (NYSE:RSPP) last posted its quarterly earnings results on Monday, August 7th. They set a "buy" rating and a $47.00 price objective for the company. Analysts reported that the Price Target for RSP Permian, Inc. might touch $63 high while the Average Price Target and Low price Target is $45.9 and $33 respectively. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Royal Bank Of Canada set a $51.00 price objective on shares of RSP Permian and gave the stock a "buy" rating in a research note on Tuesday, April 25th.
(RSPP) traded up 0.56% during midday trading on Friday, hitting $32.44. 1,007,188 shares of the stock traded hands. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 59.72 and a beta of 2.13. RSP Permian has a 52-week low of $29.67 and a 52-week high of $46.92. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts' expectations of $185.01 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The business's revenue for the quarter was up 124.7% compared to the same quarter past year.
RSP Permian, Inc., launched on September 30, 2013, is an independent oil and natural gas company.
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06/01/2017 - Credit Suisse began new coverage on RSP Permian Inc giving the company a "outperform" rating. The stock was sold at an average price of $32.17, for a total value of $1,351,140.00. Following the transaction, the chief executive officer now directly owns 301,688 shares in the company, valued at approximately $10,918,088.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Richard A. Kayne sold 17,250,000 shares of the firm's stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $32.65, for a total transaction of $685,650.00. The disclosure for this sale can be found here. Insiders have sold 17,355,000 shares of company stock valued at $672,431,130 over the last ninety days. Insiders own 15.00% of the company's stock.
BMO Capital Markets reaffirmed their buy rating on shares of RSP Permian, Inc.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BP Capital Fund Advisors LLC increased its position in RSP Permian by 11.6% in the second quarter. 1st Global Advisors Inc. now owns 6,594 shares of the oil and natural gas company's stock worth $273,000 after buying an additional 121 shares in the last quarter.
05/04/2017 - RSP Permian Inc had its "outperform" rating reiterated by analysts at FBR Capital Markets. They now have a "buy" rating on the stock. Mutual of America Capital Management LLC increased its position in RSP Permian by 1.0% in the first quarter. Artisan Partners Limited Partnership augmented its holdings by buying 539,880 shares an increase of 227.3%. State Board of Administration of Florida Retirement System now owns 41,236 shares of the oil and natural gas company's stock worth $1,708,000 after buying an additional 450 shares in the last quarter.
Large investors have recently made changes to their positions in the company.