Analysts’ Weekly Ratings Changes for RSP Permian (RSPP)

A number of research firms have changed their ratings and price targets for RSP Permian (NYSE: RSPP):

  • 11/22/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $43.00 price target on the stock.
  • 11/21/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 11/20/2017 – RSP Permian had its price target raised by analysts at Barclays PLC from $45.00 to $48.00. They now have an “overweight” rating on the stock.
  • 11/14/2017 – RSP Permian was given a new $46.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 11/13/2017 – RSP Permian had its price target raised by analysts at Royal Bank Of Canada from $43.00 to $45.00. They now have an “outperform” rating on the stock.
  • 11/10/2017 – RSP Permian was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 11/3/2017 – RSP Permian was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. 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. “
  • 11/1/2017 – RSP Permian was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/1/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $52.00 price target on the stock.
  • 10/24/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $49.00 price target on the stock.
  • 10/24/2017 – RSP Permian was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 10/18/2017 – RSP Permian was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/18/2017 – RSP Permian had its price target raised by analysts at Morgan Stanley from $41.00 to $46.00. They now have an “overweight” rating on the stock.
  • 10/18/2017 – RSP Permian had its price target lowered by analysts at Williams Capital from $45.00 to $43.00. They now have a “buy” rating on the stock.
  • 10/11/2017 – RSP Permian had its price target raised by analysts at Barclays PLC from $38.00 to $45.00. They now have an “overweight” rating on the stock.
  • 10/11/2017 – RSP Permian was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. 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. “
  • 10/10/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $47.00 price target on the stock.
  • 10/5/2017 – RSP Permian was given a new $43.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.

RSP Permian, Inc. (RSPP) opened at $36.73 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $5,830.00, a PE ratio of 58.62, a price-to-earnings-growth ratio of 1.72 and a beta of 2.15. RSP Permian, Inc. has a one year low of $28.76 and a one year high of $46.92.

RSP Permian (NYSE:RSPP) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same quarter last year, the business earned ($0.01) EPS. The firm’s revenue was up 115.5% compared to the same quarter last year. equities research analysts forecast that RSP Permian, Inc. will post 0.79 earnings per share for the current fiscal year.

In other news, Director Ted Collins, Jr. sold 21,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $31.15, for a total transaction of $654,150.00. Following the transaction, the director now owns 8,136,851 shares in the company, valued at approximately $253,462,908.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $35.61, for a total value of $1,495,620.00. Following the transaction, the director now owns 8,052,851 shares in the company, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,000 shares of company stock valued at $5,629,050. 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.

Receive News & Ratings for RSP Permian Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply