RSP Permian, Inc. (RSPP) PT Set at $46.00 by BMO Capital Markets

RSP Permian, Inc. (NYSE:RSPP) received a $46.00 price objective from research analysts at BMO Capital Markets in a report issued on Tuesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 28.53% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Roth Capital set a $44.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Imperial Capital assumed coverage on shares of RSP Permian in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $42.00 target price for the company. Goldman Sachs Group, Inc. (The) raised shares of RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 target price for the company in a research note on Wednesday, August 9th. Royal Bank Of Canada boosted their target price on shares of RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, BidaskClub downgraded shares of RSP Permian from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $46.88.

RSP Permian (NYSE RSPP) opened at $35.79 on Tuesday. RSP Permian has a 1-year low of $28.76 and a 1-year high of $46.92. The stock has a market cap of $5,890.38, a PE ratio of 60.88, a P/E/G ratio of 1.86 and a beta of 2.15. 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 (NYSE:RSPP) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. During the same period last year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was up 115.5% on a year-over-year basis. equities analysts predict that RSP Permian will post 0.77 earnings per share for the current fiscal year.

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In related news, CEO Steven D. Gray purchased 10,000 shares of RSP Permian stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $29.99 per share, for a total transaction of $299,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 311,688 shares of the company’s stock, valued at $9,347,523.12. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $34.74, for a total transaction of $1,459,080.00. The disclosure for this sale can be found here. Insiders sold 138,447 shares of company stock valued at $4,525,137 in the last quarter. Corporate insiders own 15.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its holdings in shares of RSP Permian by 8.1% in the second quarter. Eagle Asset Management Inc. now owns 3,166,539 shares of the oil and natural gas company’s stock valued at $102,184,000 after buying an additional 236,985 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of RSP Permian by 49.2% in the second quarter. Victory Capital Management Inc. now owns 1,214,602 shares of the oil and natural gas company’s stock valued at $39,195,000 after buying an additional 400,254 shares during the period. Cipher Capital LP boosted its holdings in shares of RSP Permian by 54.7% in the second quarter. Cipher Capital LP now owns 82,238 shares of the oil and natural gas company’s stock valued at $2,654,000 after buying an additional 29,094 shares during the period. Capital Advisors Inc. OK acquired a new position in shares of RSP Permian in the second quarter valued at approximately $7,907,000. Finally, Rhumbline Advisers boosted its holdings in shares of RSP Permian by 5.4% in the second quarter. Rhumbline Advisers now owns 134,423 shares of the oil and natural gas company’s stock valued at $4,338,000 after buying an additional 6,870 shares during the period. Institutional investors own 87.02% of the company’s stock.

RSP Permian Company Profile

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.

Analyst Recommendations for RSP Permian (NYSE:RSPP)

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