Wall Street brokerages forecast that RSP Permian, Inc. (NYSE:RSPP) will report $236.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for RSP Permian’s earnings, with the lowest sales estimate coming in at $203.80 million and the highest estimate coming in at $259.00 million. RSP Permian posted sales of $122.93 million in the same quarter last year, which suggests a positive year over year growth rate of 92.7%. The company is expected to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that RSP Permian will report full-year sales of $236.93 million for the current fiscal year, with estimates ranging from $759.30 million to $820.55 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.14 billion per share, with estimates ranging from $788.80 million to $1.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover RSP Permian.

RSP Permian (NYSE:RSPP) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The business had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. During the same quarter in the previous year, the company earned ($0.01) EPS. The business’s quarterly revenue was up 115.5% compared to the same quarter last year.

RSPP has been the subject of a number of research reports. Zacks Investment Research cut shares of RSP Permian from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Royal Bank of Canada boosted their price target on shares of RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Barclays boosted their price target on shares of RSP Permian from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Scotiabank reissued a “buy” rating and issued a $43.00 price target on shares of RSP Permian in a research note on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $49.00 price objective on shares of RSP Permian in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. RSP Permian presently has an average rating of “Buy” and a consensus price target of $45.87.

In related news, Director Ted Collins, Jr. sold 21,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $34.78, for a total transaction of $730,380.00. Following the completion of the sale, the director now directly owns 8,094,851 shares in the company, valued at approximately $281,538,917.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Erik B. Daugbjerg sold 19,973 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the sale, the vice president now owns 203,598 shares of the company’s stock, valued at $7,588,097.46. The disclosure for this sale can be found here. Insiders have sold a total of 191,973 shares of company stock valued at $6,861,844 over the last quarter. 15.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of RSPP. Third Point LLC raised its holdings in RSP Permian by 92.5% in the 2nd quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock worth $124,240,000 after purchasing an additional 1,850,000 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in RSP Permian by 208.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,015,071 shares of the oil and natural gas company’s stock worth $69,701,000 after purchasing an additional 1,361,049 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in RSP Permian by 38.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock worth $125,102,000 after purchasing an additional 1,073,137 shares in the last quarter. Vanguard Group Inc. raised its holdings in RSP Permian by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after purchasing an additional 1,054,281 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in RSP Permian by 163.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,322,262 shares of the oil and natural gas company’s stock worth $45,632,000 after purchasing an additional 819,846 shares in the last quarter. Institutional investors own 86.24% of the company’s stock.

RSP Permian (RSPP) traded down $0.35 during mid-day trading on Monday, reaching $36.52. 1,900,800 shares of the company’s stock were exchanged, compared to its average volume of 2,019,450. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian has a fifty-two week low of $28.76 and a fifty-two week high of $46.92. The stock has a market cap of $5,792.04, a PE ratio of 59.87, a PEG ratio of 1.75 and a beta of 2.15.

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About RSP Permian

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

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