RSP Permian (NYSE:RSPP) had its price objective increased by equities research analysts at Roth Capital from $44.00 to $50.50 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. Roth Capital’s price target would suggest a potential upside of 22.22% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.00 price target on shares of RSP Permian in a report on Tuesday, January 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $51.00 price target on shares of RSP Permian in a report on Thursday, January 11th. Northland Securities reaffirmed a “buy” rating and set a $52.00 price target on shares of RSP Permian in a report on Tuesday, September 26th. Jefferies Group reaffirmed a “buy” rating and set a $47.00 price target on shares of RSP Permian in a report on Tuesday, October 10th. Finally, Barclays lifted their price target on shares of RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.61.
RSP Permian (NYSE:RSPP) traded up $0.23 on Monday, hitting $41.32. 971,100 shares of the company were exchanged, compared to its average volume of 1,856,608. 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 capitalization of $6,730.00, a P/E ratio of 68.87, a price-to-earnings-growth ratio of 0.75 and a beta of 2.15. RSP Permian has a one year low of $28.76 and a one year high of $44.11.
RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $201.70 million for the quarter, compared to the consensus estimate of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The firm’s revenue was up 115.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. research analysts predict that RSP Permian will post 0.81 EPS for the current fiscal year.
In related news, Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction 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 sale, the director now owns 8,052,851 shares in the company, valued at $286,762,024.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $37.27, for a total transaction of $744,393.71. Following the completion of the sale, the vice president now owns 203,598 shares in the company, valued at approximately $7,588,097.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 203,596 shares of company stock worth $7,801,254. Company insiders own 15.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in RSP Permian in the fourth quarter worth $349,000. Schwab Charles Investment Management Inc. increased its position in RSP Permian by 11.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 573,920 shares of the oil and natural gas company’s stock worth $23,348,000 after purchasing an additional 60,098 shares during the last quarter. Bank of Montreal Can increased its position in RSP Permian by 14.7% in the fourth quarter. Bank of Montreal Can now owns 154,119 shares of the oil and natural gas company’s stock worth $6,270,000 after purchasing an additional 19,772 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in RSP Permian in the third quarter worth $233,000. Finally, California Public Employees Retirement System increased its position in RSP Permian by 2.4% in the third quarter. California Public Employees Retirement System now owns 163,700 shares of the oil and natural gas company’s stock worth $5,662,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 86.20% of the company’s stock.
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.