Capital One Financial Corp. Begins Coverage on RSP Permian Inc. (RSPP)
Several other analysts also recently issued reports on RSPP. Jefferies Group restated a buy rating and issued a $42.00 price objective (up from $38.00) on shares of RSP Permian in a research report on Wednesday, June 8th. Wunderlich upped their target price on RSP Permian from $34.00 to $38.00 and gave the company a buy rating in a research note on Tuesday, June 14th. KeyCorp upped their target price on RSP Permian from $43.00 to $45.00 and gave the company an overweight rating in a research note on Monday, August 22nd. Imperial Capital started coverage on RSP Permian in a research note on Wednesday, June 15th. They issued an outperform rating and a $45.00 target price for the company. Finally, Nomura reiterated a buy rating and issued a $17.00 target price on shares of RSP Permian in a research note on Monday, September 26th. Six investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $37.28.
RSP Permian (NYSE:RSPP) opened at 41.74 on Thursday. The stock’s market cap is $4.24 billion. The stock has a 50 day moving average price of $38.53 and a 200 day moving average price of $34.74. RSP Permian has a 52 week low of $16.74 and a 52 week high of $41.82.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). RSP Permian had a positive return on equity of 0.31% and a negative net margin of 13.38%. The business had revenue of $81.50 million for the quarter, compared to the consensus estimate of $71.12 million. During the same period in the prior year, the business earned $0.16 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that RSP Permian will post ($0.19) earnings per share for the current year.
In related news, Director Ted Collins, Jr. sold 21,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $33.77, for a total value of $709,170.00. Following the sale, the director now owns 8,590,088 shares of the company’s stock, valued at approximately $290,087,271.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth V. Huseman purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average cost of $37.76 per share, for a total transaction of $75,520.00. Following the acquisition, the director now owns 19,510 shares in the company, valued at approximately $736,697.60. The disclosure for this purchase can be found here. 23.50% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. BOKF NA bought a new stake in shares of RSP Permian during the second quarter valued at about $102,000. BNP Paribas Arbitrage SA boosted its stake in RSP Permian by 50,766.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,052 shares of the company’s stock valued at $106,000 after buying an additional 3,046 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in RSP Permian by 3,330.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,459 shares of the company’s stock valued at $156,000 after buying an additional 4,329 shares in the last quarter. Comerica Bank acquired a new stake in RSP Permian during the second quarter valued at approximately $205,000. Finally, Jane Street Group LLC acquired a new stake in RSP Permian during the second quarter valued at approximately $208,000. 86.36% of the stock is currently owned by institutional investors and hedge funds.
RSP Permian Company Profile
RSP Permian, Inc is an independent oil and natural gas company focused on 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 operates through the oil and natural gas exploration and production industry in the United States segment.
Receive News & Ratings for RSP Permian Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian Inc. and related companies with MarketBeat.com's FREE daily email newsletter.