RSP Permian (RSPP) - Investment Analysts' Weekly Ratings Updates

Pierre Vaugeois
Août 12, 2017

BMO Capital Markets reaffirmed a "buy" rating and set a $38.00 price target on shares of RSP Permian in a research note on Tuesday. The firm now has a $45.00 target price on the oil and natural gas company's stock. "(NYSE:RSPP) Price Target to $41.00" was first posted by Rincon Hill News and is the sole property of of Rincon Hill News.

Some buy side analysts are also providing their Analysis on RSP Permian, Inc., where 12 analysts have rated the stock as Strong buy, 17 analysts have given a Buy signal, 1 said it's a HOLD. Williams Capital initiated coverage on shares of RSP Permian in a research note on Monday, June 12th. RSP Permian has a consensus rating of Buy and an average target price of $46.58.

03/23/2017 - RSP Permian Inc was upgraded to "buy" by analysts at UBS. They set an outperform rating and a $59.00 price objective on the stock.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings results on Monday, August 7th. They set a buy rating and a $47.00 target price for the company. Royal Bank Of Canada set a $51.00 price objective on shares of RSP Permian and gave the stock a "buy" rating in a research note on Tuesday, April 25th.

Shares of RSP Permian (NYSE:RSPP) traded up 0.34% during midday trading on Wednesday, hitting $32.37. Following the transaction, the director now directly owns 8,178,851 shares of the company's stock, valued at $267,039,485.15. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 59.72 and a beta of 2.13. The Company has 52-week high of $46.92 and 52-week low of $29.67. The firm's 50 day moving average is $32.71 and its 200 day moving average is $37.62. The company reported the earnings of $0.17/Share in the last quarter where the estimated EPS by analysts was $0.15/share. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The firm had revenue of $183.10 million for the quarter, compared to the consensus estimate of $185.01 million. Next quarter's EPS is forecasted at $0.21 and the next full year EPS is projected to be $1.19. RSP Permian's revenue for the quarter was up 124.7% on a year-over-year basis. Barclays PLC reiterated an overweight rating and set a $44.00 target price on shares of RSP Permian in a research note on Wednesday, April 26th.

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In other RSP Permian news, CEO Steven D. Gray acquired 15,000 shares of the company's stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.21, for a total transaction of $676,410.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

In related news, major shareholder Richard A. Kayne sold 17,250,000 shares of the stock in a transaction dated Wednesday, May 24th. The value in dollars went from $10,598,000 to $25,087,000 increasing 136.7% since the last quarter. The disclosure for this sale can be found here. Its stake was valued at $55,037,000 an increase of 7.0% as of the end of the quarter. The firm now has a buy rating on the oil and natural gas company's stock. Van Eck Associates Corp grew its ownership by buying 463,708 shares an increase of 37.3% as of 06/30/2017. E&G Advisors LP now owns 13,700 shares of the oil and natural gas company's stock valued at $568,000 after buying an additional 2,000 shares during the last quarter. Artisan Partners Limited Partnership claims 777,396 shares worth $25,087,000. State Board of Administration of Florida Retirement System now owns 41,236 shares of the oil and natural gas company's stock worth $1,708,000 after buying an additional 450 shares during the period. Lucas Capital Management bought a new position in RSP Permian during the second quarter valued at approximately $290,000. Caymus Capital Partners L.P. now owns 1,878,800 shares of the oil and natural gas company's stock worth $77,839,000 after buying an additional 392,500 shares during the period. Finally, Teacher Retirement System of Texas raised its position in RSP Permian by 19.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company's stock worth $139,000 after buying an additional 1,705 shares during the last quarter.

Large investors have recently made changes to their positions in the company.

TRADEMARK VIOLATION WARNING: "RSP Permian, Inc". The Company is involved in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.

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