RSP Permian Receives Average Recommendation of “Buy” from Analysts (NASDAQ:RSPP)
Shares of RSP Permian (NASDAQ:RSPP) have been given an average recommendation of “Buy” by the fourteen ratings firms that are currently covering the stock, StockRatingsNetwork reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $33.01.
Shares of RSP Permian (NASDAQ:RSPP) opened at 28.09 on Friday. 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 $28.65 and a 200-day moving average of $28.27. The company’s market cap is $2.171 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. Analysts expect that RSP Permian will post $1.09 EPS for the current fiscal year.
A number of analysts have recently weighed in on RSPP shares. Analysts at Zacks downgraded shares of RSP Permian from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $31.10 price target on the stock. Separately, 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. Finally, 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.
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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