Equities analysts forecast that RSP Permian Inc (NYSE:RSPP) will post $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for RSP Permian’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.48. RSP Permian reported earnings of $0.10 per share in the same quarter last year, which suggests a positive year over year growth rate of 190%. The company is expected to issue its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that RSP Permian will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.72 to $1.00. For the next fiscal year, analysts expect that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.13 to $2.16. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow RSP Permian.

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

RSPP has been the subject of several recent research reports. Zacks Investment Research cut RSP Permian from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Royal Bank of Canada upped their price objective on RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $51.00 price objective on shares of RSP Permian in a research report on Thursday, January 11th. Northland Securities reaffirmed a “buy” rating and set a $52.00 price objective on shares of RSP Permian in a research report on Wednesday, November 1st. Finally, Credit Suisse Group initiated coverage on RSP Permian in a research report on Monday, December 11th. They set an “outperform” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.32.

RSP Permian (NYSE RSPP) traded up $0.08 during mid-day trading on Thursday, hitting $41.09. The stock had a trading volume of 1,086,003 shares, compared to its average volume of 1,820,000. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6,520.00, a PE ratio of 68.48, a P/E/G ratio of 1.02 and a beta of 2.15. RSP Permian has a 52 week low of $28.76 and a 52 week high of $44.11.

In related news, CFO Scott K. Mcneill sold 25,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.05, for a total transaction of $926,250.00. Following the completion of the transaction, the chief financial officer now directly owns 94,477 shares of the company’s stock, valued at $3,500,372.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 directly owns 8,052,851 shares of the company’s stock, valued at $286,762,024.11. The disclosure for this sale can be found here. Insiders have sold 203,596 shares of company stock valued at $7,801,254 over the last three months. Insiders own 15.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RSPP. Third Point LLC raised its stake in RSP Permian by 92.5% in the second quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock valued at $124,240,000 after buying an additional 1,850,000 shares during the period. Alyeska Investment Group L.P. raised its stake in RSP Permian by 208.1% in the third quarter. Alyeska Investment Group L.P. now owns 2,015,071 shares of the oil and natural gas company’s stock valued at $69,701,000 after buying an additional 1,361,049 shares during the period. Westwood Holdings Group Inc. raised its stake in RSP Permian by 38.3% in the second quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock valued at $125,102,000 after buying an additional 1,073,137 shares during the period. Vanguard Group Inc. raised its stake in RSP Permian by 11.8% in the second quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock valued at $321,513,000 after buying an additional 1,054,281 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in RSP Permian by 163.2% in the third quarter. JPMorgan Chase & Co. now owns 1,322,262 shares of the oil and natural gas company’s stock valued at $45,632,000 after buying an additional 819,846 shares during the period. 86.19% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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