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Mizuho began coverage on shares of RSP Permian (NASDAQ:RSPP) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

RSP Permian (NASDAQ:RSPP) traded up 0.15% during mid-day trading on Wednesday, hitting $27.54. 354,275 shares of the company’s stock traded hands. RSP Permian has a 52 week low of $19.50 and a 52 week high of $30.34. The stock’s 50-day moving average is $27.75 and its 200-day moving average is $26.47. The company’s market cap is $1.997 billion.

RSP Permian (NASDAQ:RSPP) last released its earnings data on Tuesday, May 13th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $62.36 million for the quarter, compared to the consensus estimate of $57.97 million. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts expect that RSP Permian will post $1.03 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of RSP Permian from $31.00 to $33.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of RSP Permian from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. RSP Permian presently has an average rating of “Buy” and an average target price of $31.12.

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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