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RSP Permian (NASDAQ:RSPP) was upgraded by stock analysts at GMP Securities from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $36.00 price objective on the stock. GMP Securities’ price objective would suggest a potential upside of 37.93% from the stock’s previous close.

A number of other analysts have also recently weighed in on RSPP. 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. Separately, 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. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. RSP Permian currently has an average rating of “Buy” and a consensus target price of $33.22.

RSP Permian (NASDAQ:RSPP) opened at 26.10 on Friday. RSP Permian has a one year low of $19.50 and a one year high of $33.67. The stock’s 50-day moving average is $29.68 and its 200-day moving average is $27.80. The company’s market cap is $2.001 billion.

RSP Permian (NASDAQ:RSPP) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.14. The company had revenue of $72.55 million for the quarter, compared to the consensus estimate of $69.90 million. On average, analysts predict that RSP Permian will post $1.12 earnings per share for the current fiscal year.

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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