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Analysts at Howard Weil boosted their target price on shares of RSP Permian (NASDAQ:RSPP) from $38.00 to $42.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s target price points to a potential upside of 46.39% from the stock’s previous close.

Shares of RSP Permian (NASDAQ:RSPP) traded up 4.18% on Thursday, hitting $29.89. 415,722 shares of the company’s stock traded hands. RSP Permian has a 52 week low of $19.50 and a 52 week high of $33.67. The stock has a 50-day moving average of $29.49 and a 200-day moving average of $27.25. The company’s market cap is $2.167 billion.

RSP Permian (NASDAQ:RSPP) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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. RSP Permian’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that RSP Permian will post $1.10 EPS for the current fiscal year.

RSPP has been the subject of a number of other recent research reports. Analysts at GMP Securities initiated coverage on shares of RSP Permian in a research note on Tuesday, June 24th. They set a “hold” rating and a $35.00 price target on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of RSP Permian in a research note on Tuesday, June 17th. They set an “accumulate” rating and a $34.00 price target on the stock. Finally, analysts at Mizuho initiated coverage on shares of RSP Permian in a research note on Wednesday, June 11th. They set a “buy” rating and a $33.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.30.

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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