RSP Permian (RSPP) Announces Quarterly Earnings Results, Misses Expectations By $0.14 EPS
RSP Permian (NASDAQ:RSPP) issued its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.14, ARN reports. The company had revenue of $72.55 million for the quarter, compared to the consensus estimate of $69.90 million.
Shares of RSP Permian (NASDAQ:RSPP) opened at 26.21 on Thursday. 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 $29.82 and a 200-day moving average of $27.8. The company’s market cap is $2.009 billion.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of RSP Permian from $34.00 to $38.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. On the ratings front, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. RSP Permian has an average rating of “Buy” and a consensus price target of $33.11.
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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