RSP Permian Inc (NYSE:RSPP) – Capital One Financial upped their Q4 2017 earnings estimates for RSP Permian in a note issued to investors on Tuesday. Capital One Financial analyst R. Tullis now forecasts that the oil and natural gas company will earn $0.30 per share for the quarter, up from their prior estimate of $0.21. Capital One Financial also issued estimates for RSP Permian’s FY2018 earnings at $2.30 EPS.

A number of other brokerages have also weighed in on RSPP. Zacks Investment Research upgraded RSP Permian from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, January 23rd. Credit Suisse Group set a $51.00 price objective on RSP Permian and gave the company a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. BMO Capital Markets restated a “buy” rating and set a $51.00 price objective on shares of RSP Permian in a research note on Thursday, January 11th. 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, 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned 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.

Shares of RSP Permian (NYSE:RSPP) opened at $33.64 on Thursday. RSP Permian has a 12 month low of $28.76 and a 12 month high of $44.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5,340.00, a PE ratio of 56.07, a PEG ratio of 0.50 and a beta of 1.97.

Several institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. acquired a new position in shares of RSP Permian in the 4th quarter worth approximately $119,000. Virtu Financial LLC bought a new stake in shares of RSP Permian in the 4th quarter worth approximately $681,000. UBS Asset Management Americas Inc. lifted its holdings in shares of RSP Permian by 1.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 122,342 shares of the oil and natural gas company’s stock worth $4,977,000 after purchasing an additional 1,764 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new stake in shares of RSP Permian in the 4th quarter worth approximately $9,909,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of RSP Permian by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 729,740 shares of the oil and natural gas company’s stock worth $29,685,000 after purchasing an additional 15,581 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

In other news, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction that occurred on 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on 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 transaction, the director now owns 8,052,851 shares of the company’s stock, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 233,473 shares of company stock valued at $9,073,416. Insiders own 15.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Q4 2017 EPS Estimates for RSP Permian Inc (RSPP) Raised by Analyst” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/02/10/q4-2017-eps-estimates-for-rsp-permian-inc-rspp-raised-by-analyst.html.

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)

Receive News & Ratings for RSP Permian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian and related companies with MarketBeat.com's FREE daily email newsletter.