RSP Permian (RSPP) Set to Announce Earnings on Monday
RSP Permian (NASDAQ:RSPP) will be issuing its Q214 quarterly earnings data on Monday, August 11th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $69.90 million for the quarter.
RSP Permian (NASDAQ:RSPP) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts expect RSP Permian to post $1.13 EPS for the current fiscal year and $1.56 EPS for the next fiscal year.
RSP Permian (NASDAQ:RSPP) opened at 25.74 on Friday. RSP Permian has a 1-year low of $19.50 and a 1-year high of $33.67. The stock has a 50-day moving average of $30.35 and a 200-day moving average of $27.62. The company’s market cap is $1.866 billion.
Several analysts have recently commented on the stock. Analysts at Mizuho raised their price target on shares of RSP Permian from $36.00 to $38.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. On the ratings front, analysts at Jefferies Group reiterated a “buy” rating on shares of RSP Permian in a research note on Friday, July 25th. They now have a $37.00 price target on the stock, up previously from $30.00. Finally, analysts at Howard Weil raised their price target on shares of RSP Permian from $42.00 to $44.00 in a research note on Friday, July 25th. They now have a “sector outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.22.
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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