Today’s Market Runner: Could RSP Permian Inc Change Direction After Today’s Significant Increase?

Today's Market Runner: Could RSP Permian Inc Change Direction After Today's Significant Increase?

The stock of RSP Permian Inc (NYSE:RSPP) is a huge mover today! About 638,359 shares traded hands. RSP Permian Inc (NYSE:RSPP) has risen 46.71% since March 2, 2016 and is uptrending. It has outperformed by 38.45% the S&P500.
The move comes after 7 months positive chart setup for the $4.03B company. It was reported on Oct, 5 by Barchart.com. We have $57.54 PT which if reached, will make NYSE:RSPP worth $1.77 billion more.

Analysts await RSP Permian Inc (NYSE:RSPP) to report earnings on November, 7. They expect $-0.01 earnings per share, down 106.67% or $0.16 from last year’s $0.15 per share. After $-0.04 actual earnings per share reported by RSP Permian Inc for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

RSP Permian Inc (NYSE:RSPP) Ratings Coverage

Out of 24 analysts covering RSP Permian (NYSE:RSPP), 18 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 75% are positive. RSP Permian has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Northland Capital with “Outperform” on Tuesday, November 3. JP Morgan maintained RSP Permian Inc (NYSE:RSPP) on Tuesday, March 15 with “Neutral” rating. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Neutral”. The firm has “Strong Buy” rating by Raymond James given on Wednesday, May 4. Goldman Sachs maintained it with “Buy” rating and $33 target price in Tuesday, March 29 report. Wunderlich maintained it with “Buy” rating and $33 target price in Wednesday, November 4 report. Howard Weil upgraded RSP Permian Inc (NYSE:RSPP) rating on Thursday, February 25. Howard Weil has “Sector Outperform” rating and $27 price target. The company was initiated on Friday, August 14 by KeyBanc Capital Markets. The firm earned “Outperform” rating on Friday, October 9 by Iberia Capital Partners. Imperial Capital initiated RSP Permian Inc (NYSE:RSPP) rating on Wednesday, June 15. Imperial Capital has “Outperform” rating and $45 price target.

According to Zacks Investment Research, “RSP Permian, Inc. is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves primarily in the Permian Basin of West Texas. RSP Permian, Inc. is based in Dallas, United States.”

Insitutional Activity: The institutional sentiment decreased to 1.47 in 2016 Q2. Its down 0.26, from 1.73 in 2016Q1. The ratio turned negative, as 22 funds sold all RSP Permian Inc shares owned while 53 reduced positions. 40 funds bought stakes while 70 increased positions. They now own 86.99 million shares or 1.23% less from 88.07 million shares in 2016Q1.
Blackrock Fund Advsrs holds 0.02% or 1.98M shares in its portfolio. Teachers Retirement System Of The State Of Kentucky has invested 0.02% of its portfolio in RSP Permian Inc (NYSE:RSPP). Weiss Multi has 0.17% invested in the company for 64,698 shares. Blackrock Ltd has invested 0% of its portfolio in RSP Permian Inc (NYSE:RSPP). Cipher Limited Partnership has 0.31% invested in the company for 125,368 shares. Finance Architects owns 125 shares or 0% of their US portfolio. Aqr Cap Mngmt Ltd Company, a Connecticut-based fund reported 69,384 shares. Comerica Bank & Trust has 0% invested in the company for 5,359 shares. Samlyn Limited Liability Corporation holds 0.33% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 400,024 shares. The Ohio-based Meeder Asset Mgmt Inc has invested 0% in RSP Permian Inc (NYSE:RSPP). Tudor Invest Corp Et Al has invested 0.01% of its portfolio in RSP Permian Inc (NYSE:RSPP). Moreover, Geode Capital Limited Liability has 0.01% invested in RSP Permian Inc (NYSE:RSPP) for 478,189 shares. Raymond James Fincl Svcs Advisors holds 0% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 11,102 shares. Tiaa Cref Inv Lc, a New York-based fund reported 3.93 million shares. Brown Brothers Harriman & Co has invested 0% of its portfolio in RSP Permian Inc (NYSE:RSPP).

Insider Transactions: Since April 7, 2016, the stock had 1 buy, and 16 sales for $15.64 million net activity. On Wednesday, June 8 the insider Daugbjerg Erik B sold $632,275. Huck William sold 6,000 shares worth $232,560. Collins Ted Jr sold 42,000 shares worth $1.48M. 35,000 RSP Permian Inc (NYSE:RSPP) shares with value of $1.14M were sold by Pollard Tamara D.. Arrott Zane W. sold $1.59 million worth of stock or 50,000 shares. Shares for $75,520 were bought by HUSEMAN KENNETH V. Wallace Family Partnership – LP sold $4.52M worth of RSP Permian Inc (NYSE:RSPP) on Thursday, April 7.

More recent RSP Permian Inc (NYSE:RSPP) news were published by: Prnewswire.com which released: “RSP Permian, Inc. Announces Retirement of Tamara Pollard, Executive Vice …” on April 25, 2016. Also Prnewswire.com published the news titled: “RSP Permian, Inc. Announces First Quarter 2016 Financial and Operating Results” on May 02, 2016. Prnewswire.com‘s news article titled: “RSP Permian, Inc. Announces Fourth Quarter and Year-End 2015 Financial and …” with publication date: February 24, 2016 was also an interesting one.

RSPP Company Profile

RSP Permian, Inc., incorporated on September 30, 2013, is an independent oil and natural gas firm focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Firm operates through the oil and natural gas exploration and production industry in the United States segment. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock.

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