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Equities research analysts at KLR Group assumed coverage on shares of RSP Permian (NASDAQ:RSPP) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $36.00 price target on the stock. KLR Group’s price objective indicates a potential upside of 29.40% from the stock’s previous close.

RSPP has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of RSP Permian from $27.00 to $31.00 in a research note on Tuesday, April 1st. They now have an “overweight” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of RSP Permian from $27.00 to $31.00 in a research note on Tuesday, March 25th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of RSP Permian from $27.00 to $30.00 in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.29.

Shares of RSP Permian (NASDAQ:RSPP) opened at 27.82 on Tuesday. RSP Permian has a one year low of $19.50 and a one year high of $30.34. The stock’s 50-day moving average is $27.97 and its 200-day moving average is $25.5. The company has a market cap of $2.017 billion and a price-to-earnings ratio of 21.88.

RSP Permian (NASDAQ:RSPP) last posted its quarterly earnings results on Monday, March 31st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. On average, analysts predict that RSP Permian will post $0.77 earnings per share for the current fiscal year.

RSP Permian, Inc is an independent oil and natural gas Company focused on 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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