RSP Permian Inc (NYSE:RSPP) – Analysts at US Capital Advisors upped their FY2017 earnings per share estimates for shares of RSP Permian in a note issued to investors on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $0.88 for the year, up from their prior estimate of $0.87. US Capital Advisors also issued estimates for RSP Permian’s Q4 2017 earnings at $0.37 EPS and Q1 2018 earnings at $0.55 EPS.

RSPP has been the subject of a number of other reports. Stifel Nicolaus reissued a “buy” rating and set a $46.00 target price (up from $45.00) on shares of RSP Permian in a research note on Tuesday, December 19th. BMO Capital Markets set a $46.00 target price on shares of RSP Permian and gave the company a “buy” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies reissued a “buy” rating and set a $50.00 target price on shares of RSP Permian in a research note on Tuesday, January 9th. Barclays boosted their target price on shares of RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Finally, Scotiabank reissued a “buy” rating and set a $43.00 target price on shares of RSP Permian in a research note on Wednesday, November 22nd. One investment 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $47.93.

RSP Permian (NYSE:RSPP) opened at $35.90 on Tuesday. 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 cap of $5,690.00, a PE ratio of 59.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.97. RSP Permian has a one year low of $28.76 and a one year high of $44.11.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of RSP Permian by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after purchasing an additional 1,054,281 shares in the last quarter. Boston Partners raised its holdings in shares of 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 purchasing an additional 1,475,996 shares in the last quarter. Third Point LLC raised its holdings in shares of 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 purchasing an additional 750,000 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of RSP Permian by 38.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock worth $125,102,000 after purchasing an additional 1,073,137 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 669,488 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

In related news, VP Erik B. Daugbjerg sold 19,973 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.27, for a total value of $744,393.71. Following the sale, the vice president now directly owns 203,598 shares in the company, valued at approximately $7,588,097.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $35.86, for a total transaction of $1,506,120.00. Following the completion of the sale, the director now owns 8,010,851 shares in the company, valued at $287,269,116.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 233,473 shares of company stock valued at $9,073,416. Company insiders own 15.00% of the company’s stock.

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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.

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

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