RSP Permian (NYSE:RSPP) Buy Rating Maintained Today By BMO Capital; The Target Price per Share Given is $46.0

February 21, 2018 - By Ellis Scott

 RSP Permian (NYSE:RSPP) Buy Rating Maintained Today By BMO Capital; The Target Price per Share Given is $46.0

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.39, from 1.67 in 2017Q2. It is negative, as 35 investors sold RSP Permian, Inc. shares while 59 reduced holdings. 36 funds opened positions while 84 raised stakes. 133.37 million shares or 0.04% less from 133.41 million shares in 2017Q2 were reported.

Comerica Natl Bank holds 123,197 shares or 0.03% of its portfolio. Moore Cap Lp has 0.05% invested in RSP Permian, Inc. (NYSE:RSPP). Bbt Capital Management Limited Co accumulated 31,900 shares. 369,462 were accumulated by Oak Ridge Invs Ltd Liability Co. Macquarie Grp Inc Ltd has invested 0.04% in RSP Permian, Inc. (NYSE:RSPP). The Maryland-based Proshare Advsr Lc has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Fifth Third Retail Bank has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Credit Suisse Ag owns 178,095 shares. Janney Montgomery Scott reported 11,888 shares. Texas Cap Natl Bank Tx holds 22,713 shares. 3.40M are owned by Brenham Capital Management Lp. Rhumbline Advisers accumulated 131,617 shares. Barclays Plc owns 0.01% invested in RSP Permian, Inc. (NYSE:RSPP) for 155,182 shares. Blackrock Incorporated has invested 0.01% in RSP Permian, Inc. (NYSE:RSPP).

Since August 31, 2017, it had 0 insider purchases, and 7 insider sales for $8.47 million activity. Wallace Family Partnership – LP sold 29,877 shares worth $1.27M. $1.46M worth of RSP Permian, Inc. (NYSE:RSPP) was sold by Collins Ted Jr. Mutrie James E. also sold $391,707 worth of RSP Permian, Inc. (NYSE:RSPP) on Thursday, August 31.

RSP Permian (NYSE:RSPP) Rating Reaffirmed

Recently, In an analyst report issued to clients and investors on 14 November, RSP Permian (NYSE:RSPP) shares have had their Buy Rating maintained by research analysts at BMO Capital, who currently has a $46.0 target price per share on company. This target by BMO Capital would suggest the possibile upside of 30.42 % from the last stock price.

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.39, from 1.67 in 2017Q2. It is negative, as 35 investors sold RSP Permian, Inc. shares while 59 reduced holdings. 36 funds opened positions while 84 raised stakes. 133.37 million shares or 0.04% less from 133.41 million shares in 2017Q2 were reported.

Comerica Natl Bank holds 123,197 shares or 0.03% of its portfolio. Moore Cap Lp has 0.05% invested in RSP Permian, Inc. (NYSE:RSPP). Bbt Capital Management Limited Co accumulated 31,900 shares. 369,462 were accumulated by Oak Ridge Invs Ltd Liability Co. Macquarie Grp Inc Ltd has invested 0.04% in RSP Permian, Inc. (NYSE:RSPP). The Maryland-based Proshare Advsr Lc has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Fifth Third Retail Bank has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Credit Suisse Ag owns 178,095 shares. Janney Montgomery Scott reported 11,888 shares. Texas Cap Natl Bank Tx holds 22,713 shares. 3.40M are owned by Brenham Capital Management Lp. Rhumbline Advisers accumulated 131,617 shares. Barclays Plc owns 0.01% invested in RSP Permian, Inc. (NYSE:RSPP) for 155,182 shares. Blackrock Incorporated has invested 0.01% in RSP Permian, Inc. (NYSE:RSPP).

Since August 31, 2017, it had 0 insider purchases, and 7 insider sales for $8.47 million activity. Wallace Family Partnership – LP sold 29,877 shares worth $1.27M. $1.46M worth of RSP Permian, Inc. (NYSE:RSPP) was sold by Collins Ted Jr. Mutrie James E. also sold $391,707 worth of RSP Permian, Inc. (NYSE:RSPP) on Thursday, August 31.

RSP Permian, Inc. (NYSE:RSPP) Ratings Coverage

Among 36 analysts covering RSP Permian (NYSE:RSPP), 34 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. RSP Permian has $63 highest and $21 lowest target. $43.34’s average target is 22.88% above currents $35.27 stock price. RSP Permian had 129 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, December 2, the company rating was upgraded by Deutsche Bank. Susquehanna maintained the stock with “Buy” rating in Wednesday, January 17 report. The company was upgraded on Thursday, February 25 by Howard Weil. On Tuesday, August 8 the stock rating was maintained by Morgan Stanley with “Overweight”. Roth Capital maintained it with “Buy” rating and $31 target in Tuesday, October 13 report. The firm earned “Strong Buy” rating on Wednesday, May 4 by Raymond James. The firm earned “Buy” rating on Monday, January 29 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of RSPP in report on Thursday, July 13 with “Buy” rating. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, December 19. RBC Capital Markets maintained the stock with “Buy” rating in Friday, November 10 report.

The stock increased 0.57% or $0.2 during the last trading session, reaching $35.27. About 791,703 shares traded. RSP Permian, Inc. (NYSE:RSPP) has risen 25.82% since February 21, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

Analysts await RSP Permian, Inc. (NYSE:RSPP) to report earnings on February, 27 after the close. They expect $0.32 earnings per share, up 220.00 % or $0.22 from last year’s $0.1 per share. RSPP’s profit will be $50.75 million for 27.55 P/E if the $0.32 EPS becomes a reality. After $0.18 actual earnings per share reported by RSP Permian, Inc. for the previous quarter, Wall Street now forecasts 77.78 % EPS growth.

RSP Permian, Inc., an independent oil and natural gas company, engages 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 has market cap of $5.59 billion. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock. It has a 56.43 P/E ratio.

More news for RSP Permian, Inc. (NYSE:RSPP) were recently published by: Nasdaq.com, which released: “RSP Permian (RSPP) Shares Cross Below 200 DMA” on February 08, 2018. Thestreet.com‘s article titled: “Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says” and published on February 16, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.