BMO Capital Markets restated their buy rating on shares of RSP Permian (NYSE:RSPP) in a research report report published on Thursday morning. They currently have a $51.00 target price on the oil and natural gas company’s stock.
Several other analysts have also recently weighed in on RSPP. Piper Jaffray Companies reissued a buy rating and issued a $50.00 price objective on shares of RSP Permian in a research note on Tuesday, January 9th. Northland Securities reissued a buy rating and issued a $52.00 price objective on shares of RSP Permian in a research note on Tuesday, September 26th. Jefferies Group reissued a buy rating and issued a $47.00 price objective on shares of RSP Permian in a research note on Tuesday, October 10th. BidaskClub raised shares of RSP Permian from a strong sell rating to a sell rating in a research note on Friday, September 15th. Finally, 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 report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $46.32.
Shares of RSP Permian (NYSE RSPP) traded up $0.07 during trading on Thursday, hitting $42.09. 1,280,900 shares of the company traded hands, compared to its average volume of 2,000,278. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian has a one year low of $28.76 and a one year high of $44.11. The company has a market capitalization of $6,680.00, a PE ratio of 70.15, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. RSP Permian’s revenue for the quarter was up 115.5% on a year-over-year basis. equities research analysts anticipate that RSP Permian will post 0.81 EPS for the current year.
In other news, insider Wallace Family Partnership, Lp sold 32,623 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $42.52, for a total transaction of $1,387,129.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $35.61, for a total transaction of $1,495,620.00. Following the transaction, the director now owns 8,052,851 shares in the company, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,596 shares of company stock worth $7,801,254. 15.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in RSPP. BNP Paribas Arbitrage SA raised its holdings in shares of RSP Permian by 65.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after purchasing an additional 1,705 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new position in shares of RSP Permian during the second quarter valued at about $210,000. Sentry Investment Management LLC acquired a new position in shares of RSP Permian during the second quarter valued at about $210,000. GSA Capital Partners LLP acquired a new position in shares of RSP Permian during the second quarter valued at about $225,000. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of RSP Permian during the third quarter valued at about $233,000. Hedge funds and other institutional investors own 86.19% 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.
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