RSP Permian (NYSE: RSPP) recently received a number of ratings updates from brokerages and research firms:

  • 9/26/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $52.00 price target on the stock.
  • 9/23/2017 – RSP Permian was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/18/2017 – RSP Permian had its price target lowered by analysts at Piper Jaffray Companies from $49.00 to $37.00. They now have an “overweight” rating on the stock.
  • 9/15/2017 – RSP Permian was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/1/2017 – RSP Permian was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/24/2017 – RSP Permian was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/21/2017 – RSP Permian was given a new $52.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 8/16/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $46.00 price target on the stock.
  • 8/15/2017 – RSP Permian is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $42.00 price target on the stock.
  • 8/15/2017 – RSP Permian was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “RSP Permian, Inc. is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves primarily in the Permian Basin of West Texas. RSP Permian, Inc. is based in Dallas, United States. “
  • 8/9/2017 – RSP Permian was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “conviction-buy” rating. They now have a $45.00 price target on the stock.
  • 8/9/2017 – RSP Permian was given a new $44.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 8/8/2017 – RSP Permian was given a new $47.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 8/8/2017 – RSP Permian was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/8/2017 – RSP Permian had its price target lowered by analysts at Morgan Stanley from $45.00 to $41.00. They now have an “overweight” rating on the stock.
  • 8/8/2017 – RSP Permian was given a new $42.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.

Shares of RSP Permian, Inc. (RSPP) traded down 0.03% during mid-day trading on Wednesday, hitting $34.70. The stock had a trading volume of 1,067,722 shares. The stock has a 50 day moving average price of $31.71 and a 200 day moving average price of $35.02. RSP Permian, Inc. has a 52 week low of $28.76 and a 52 week high of $46.92. The firm has a market cap of $5.50 billion, a PE ratio of 64.02 and a beta of 2.17.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. RSP Permian had a net margin of 12.71% and a return on equity of 1.86%. The business had revenue of $183.10 million during the quarter, compared to the consensus estimate of $185.01 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The company’s revenue was up 124.7% on a year-over-year basis. Equities research analysts expect that RSP Permian, Inc. will post $0.74 EPS for the current fiscal year.

In other news, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $32.17, for a total value of $1,351,140.00. Following the completion of the transaction, the director now owns 8,220,851 shares of the company’s stock, valued at $264,464,776.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Zane W. Arrott sold 47,113 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $31.29, for a total transaction of $1,474,165.77. Following the completion of the transaction, the chief operating officer now directly owns 86,614 shares of the company’s stock, valued at approximately $2,710,152.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,560 shares of company stock worth $7,222,133. Company insiders own 15.00% of the company’s stock.

RSP Permian, Inc is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, and the Delaware Basin, both sub-basins of the Permian Basin.

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