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

RSP Permian, Inc. (NYSE:RSPP) has been given a $46.00 target price by BMO Capital Markets in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ target price indicates a potential upside of 27.53% from the stock’s current price.

Several other equities research analysts have also recently weighed in on RSPP. Roth Capital set a $44.00 target price on RSP Permian and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Imperial Capital began coverage on RSP Permian in a research note on Tuesday, August 15th. They set an “outperform” rating and a $42.00 target price for the company. Goldman Sachs Group, Inc. (The) upgraded 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 upped their target price on RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, BidaskClub cut RSP Permian from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. RSP Permian currently has an average rating of “Buy” and a consensus price target of $46.88.

Shares of RSP Permian (NYSE:RSPP) opened at $36.07 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. RSP Permian has a 12 month low of $28.76 and a 12 month high of $46.92. The firm has a market capitalization of $5,890.38, a price-to-earnings ratio of 60.88, a price-to-earnings-growth ratio of 1.86 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last released its earnings results 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 return on equity of 2.32% and a net margin of 13.69%. The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 115.5% on a year-over-year basis. equities analysts anticipate that RSP Permian will post 0.77 EPS for the current fiscal year.

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In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $30.71, for a total transaction of $1,289,820.00. Following the completion of the sale, the director now directly owns 8,136,851 shares in the company, valued at approximately $249,882,694.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP James E. Mutrie sold 12,447 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $31.47, for a total value of $391,707.09. Following the sale, the vice president now owns 38,005 shares of the company’s stock, valued at $1,196,017.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,560 shares of company stock valued at $5,999,303. Company insiders own 15.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its position in RSP Permian by 0.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock valued at $1,905,000 after acquiring an additional 498 shares in the last quarter. Legal & General Group Plc lifted its position in shares of RSP Permian by 2.7% during the 1st quarter. Legal & General Group Plc now owns 35,697 shares of the oil and natural gas company’s stock worth $1,476,000 after buying an additional 945 shares in the last quarter. Denver Investment Advisors LLC lifted its position in shares of RSP Permian by 8.3% during the 2nd quarter. Denver Investment Advisors LLC now owns 12,365 shares of the oil and natural gas company’s stock worth $399,000 after buying an additional 950 shares in the last quarter. Geneva Advisors LLC lifted its position in shares of RSP Permian by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 37,276 shares of the oil and natural gas company’s stock worth $1,203,000 after buying an additional 1,139 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of RSP Permian by 19.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,670 shares of the oil and natural gas company’s stock worth $312,000 after buying an additional 1,579 shares in the last quarter. 87.02% of the stock is currently owned by institutional investors.

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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