FY2017 EPS Estimates for RSP Permian Inc Lifted by Analyst (RSPP)

RSP Permian Inc (NYSE:RSPP) – Research analysts at Capital One Financial increased their FY2017 earnings per share (EPS) estimates for RSP Permian in a note issued to investors on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will post earnings of $0.81 per share for the year, up from their previous forecast of $0.72.

A number of other equities analysts have also weighed in on RSPP. ValuEngine lowered RSP Permian from a “hold” rating to a “sell” rating in a research note on Thursday. Deutsche Bank assumed coverage on RSP Permian in a research note on Thursday, February 1st. They set a “buy” rating and a $55.00 price objective for the company. Jefferies Group set a $50.00 price objective on RSP Permian and gave the company a “buy” rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a $48.00 price objective on RSP Permian and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Roth Capital lifted their price objective on RSP Permian from $44.00 to $50.50 and gave the company a “buy” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. RSP Permian has a consensus rating of “Buy” and an average price target of $47.93.

RSP Permian (RSPP) opened at $33.44 on Friday. The firm has a market capitalization of $5,693.71, a PE ratio of 58.85, a price-to-earnings-growth ratio of 0.50 and a beta of 1.97. RSP Permian has a 52 week low of $28.76 and a 52 week high of $44.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84.

A number of hedge funds have recently bought and sold shares of the stock. Boston Partners boosted its holdings in RSP Permian by 20.1% in the 4th quarter. Boston Partners now owns 8,836,699 shares of the oil and natural gas company’s stock worth $359,476,000 after buying an additional 1,475,996 shares during the last quarter. Third Point LLC boosted its holdings in RSP Permian by 19.5% in the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock worth $159,114,000 after buying an additional 750,000 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in RSP Permian by 21.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 3,836,027 shares of the oil and natural gas company’s stock worth $133,877,000 after buying an additional 669,488 shares during the last quarter. State Street Corp boosted its holdings in RSP Permian by 6.1% in the 2nd quarter. State Street Corp now owns 3,833,760 shares of the oil and natural gas company’s stock worth $123,714,000 after buying an additional 219,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in RSP Permian by 15.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,716,237 shares of the oil and natural gas company’s stock worth $93,954,000 after buying an additional 369,400 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

In related news, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $37.27, for a total value of $744,393.71. Following the completion of the transaction, the vice president now owns 203,598 shares in the company, valued at approximately $7,588,097.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the completion of the sale, the director now owns 8,052,851 shares in the company, valued at $286,762,024.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 233,473 shares of company stock valued at $9,073,416. 15.00% of the stock is owned by company insiders.

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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.

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

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