RSP Permian Downgraded by Zacks (RSPP)
RSP Permian (NASDAQ:RSPP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $31.10 price objective on the stock. Zacks‘s price objective indicates a potential upside of 12.84% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at GMP Securities upgraded shares of RSP Permian from a “hold” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $36.00 price target on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $33.01.
RSP Permian (NASDAQ:RSPP) traded down 0.18% on Wednesday, hitting $27.51. 239,072 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’s 50-day moving average is $28.81 and its 200-day moving average is $28.28. The company’s market cap is $2.126 billion.
RSP Permian (NASDAQ:RSPP) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that RSP Permian will post $1.11 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.
To view Zacks’ full report, visit Zacks’ official website.
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