RSP Permian (RSPP) Posts Quarterly Results
RSP Permian (NASDAQ:RSPP) announced its earnings results on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01, Analyst Ratings News reports. The company had revenue of $62.36 million for the quarter, compared to the consensus estimate of $57.97 million.
RSP Permian (NASDAQ:RSPP) opened at 27.49 on Tuesday. RSP Permian has a 52 week low of $19.50 and a 52 week high of $30.34. The stock has a 50-day moving average of $28.36 and a 200-day moving average of $26.26. The company has a market cap of $1.993 billion and a P/E ratio of 21.34.
A number of research firms have recently commented on RSPP. Analysts at Zacks upgraded shares of RSP Permian from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 23rd. They now have a $31.70 price target on the stock. On a related note, analysts at KLR Group downgraded shares of RSP Permian from a “buy” rating to an “accumulate” rating in a research note on Monday, April 21st. Finally, analysts at KLR Group initiated coverage on shares of RSP Permian in a research note on Tuesday, April 15th. They set a “buy” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.67.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.