RSP Permian, Inc. (NYSE:RSPP) – Stock analysts at KeyCorp lowered their Q1 2018 earnings per share (EPS) estimates for shares of RSP Permian in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.22. KeyCorp currently has a “Buy” rating and a $49.00 target price on the stock.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same period last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 115.5% on a year-over-year basis.

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RSPP has been the topic of several other reports. BMO Capital Markets set a $46.00 price target on RSP Permian and gave the company a “buy” rating in a research report on Tuesday, November 14th. ValuEngine cut RSP Permian from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Barclays PLC lifted their price target on RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Scotiabank reiterated a “buy” rating and set a $43.00 price target on shares of RSP Permian in a research report on Wednesday. Finally, Piper Jaffray Companies lowered their price target on RSP Permian from $49.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.00.

Shares of RSP Permian (NYSE:RSPP) traded up $0.48 during mid-day trading on Thursday, hitting $36.48. The stock had a trading volume of 1,754,300 shares, compared to its average volume of 2,057,340. RSP Permian has a one year low of $28.76 and a one year high of $46.92. The firm has a market cap of $5,709.57, a PE ratio of 59.02, a PEG ratio of 1.78 and a beta of 2.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35.

In other news, VP James E. Mutrie sold 12,447 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $31.47, for a total value of $391,707.09. Following the completion of the sale, the vice president now owns 38,005 shares of the company’s stock, valued at $1,196,017.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven D. Gray bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $29.99 per share, with a total value of $299,900.00. Following the transaction, the chief executive officer now owns 311,688 shares of the company’s stock, valued at $9,347,523.12. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 180,447 shares of company stock valued at $6,020,757. 15.00% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in shares of RSP Permian by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock worth $1,905,000 after buying an additional 498 shares during the period. Denver Investment Advisors LLC boosted its position in shares of RSP Permian by 8.3% in the second quarter. Denver Investment Advisors LLC now owns 12,365 shares of the oil and natural gas company’s stock worth $399,000 after buying an additional 950 shares during the period. Geneva Advisors LLC boosted its position in shares of RSP Permian by 3.2% in the second quarter. Geneva Advisors LLC now owns 37,276 shares of the oil and natural gas company’s stock worth $1,203,000 after buying an additional 1,139 shares during the period. Teacher Retirement System of Texas boosted its position in shares of RSP Permian by 19.5% in the second quarter. Teacher Retirement System of Texas now owns 9,670 shares of the oil and natural gas company’s stock worth $312,000 after buying an additional 1,579 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of RSP Permian by 65.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock worth $139,000 after buying an additional 1,705 shares during the period. 83.77% of the stock is owned by institutional investors and hedge funds.

RSP Permian Company Profile

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.

Earnings History and Estimates for RSP Permian (NYSE:RSPP)

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