Analysts’ Weekly Ratings Updates for RSP Permian (RSPP)

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

  • 2/8/2018 – RSP Permian was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 2/1/2018 – RSP Permian is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $55.00 price target on the stock.
  • 1/30/2018 – RSP Permian was given a new $50.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 1/29/2018 – RSP Permian was given a new $48.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/29/2018 – RSP Permian was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating.
  • 1/24/2018 – RSP Permian had its price target raised by analysts at Morgan Stanley from $46.00 to $52.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – RSP Permian was given a new $51.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/23/2018 – RSP Permian was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 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. “
  • 1/22/2018 – RSP Permian had its price target raised by analysts at Roth Capital from $44.00 to $50.50. They now have a “buy” rating on the stock.
  • 1/21/2018 – RSP Permian was given a new $52.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/11/2018 – RSP Permian had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $51.00 price target on the stock.
  • 1/9/2018 – RSP Permian had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $50.00 price target on the stock.
  • 12/20/2017 – RSP Permian was given a new $47.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 12/20/2017 – RSP Permian was given a new $48.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 12/19/2017 – RSP Permian had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $46.00 price target on the stock, up previously from $45.00.
  • 12/19/2017 – RSP Permian is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $46.00 price target on the stock.

Shares of RSP Permian Inc (RSPP) opened at $34.95 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $5,540.00, a P/E ratio of 58.25, a price-to-earnings-growth ratio of 0.47 and a beta of 1.97. RSP Permian Inc has a one year low of $28.76 and a one year high of $44.11.

In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $41.47, for a total value of $1,741,740.00. Following the completion of the sale, the director now directly owns 7,968,851 shares in the company, valued at $330,468,250.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wallace Family Partnership, Lp sold 29,877 shares of RSP Permian stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $42.58, for a total transaction of $1,272,162.66. The disclosure for this sale can be found here. Insiders sold 233,473 shares of company stock valued at $9,073,416 over the last quarter. Corporate 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.

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