The stock of RSP Permian Inc (NYSE:RSPP) is a huge mover today! About 2.09M shares traded hands. RSP Permian Inc (NYSE:RSPP) has risen 22.26% since April 27, 2016 and is uptrending. It has outperformed by 17.03% the S&P500.
The move comes after 8 months positive chart setup for the $5.55 billion company. It was reported on Nov, 30 by Barchart.com. We have $46.02 PT which if reached, will make NYSE:RSPP worth $166.50 million more.
Analysts await RSP Permian Inc (NYSE:RSPP) to report earnings on February, 22. They expect $0.05 earnings per share, down 58.33% or $0.07 from last year’s $0.12 per share. RSPP’s profit will be $6.21M for 223.40 P/E if the $0.05 EPS becomes a reality. After $-0.01 actual earnings per share reported by RSP Permian Inc for the previous quarter, Wall Street now forecasts -600.00% EPS growth.
RSP Permian Inc (NYSE:RSPP) Ratings Coverage
Out of 25 analysts covering RSP Permian (NYSE:RSPP), 20 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 80% are positive. RSP Permian has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, June 15 by Imperial Capital. The company was maintained on Tuesday, June 14 by Deutsche Bank. As per Tuesday, October 13, the company rating was maintained by TH Capital. The firm has “Outperform” rating given on Wednesday, August 24 by Wells Fargo. As per Friday, October 9, the company rating was initiated by Iberia Capital Partners. The rating was downgraded by Goldman Sachs on Friday, September 11 to “Neutral”. The rating was maintained by Canaccord Genuity with “Buy” on Monday, October 17. The stock has “Buy” rating given by Wunderlich on Wednesday, November 4. Deutsche Bank maintained it with “Buy” rating and $48 target price in Wednesday, August 10 report. The company was initiated on Tuesday, October 27 by Bank of America.
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 1.39 in 2016 Q2. Its down 0.08, from 1.47 in 2016Q1. The ratio fall, 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.
Morgan Stanley last reported 152,120 shares in the company. The New York-based Cipher Cap Limited Partnership has invested 0.31% in RSP Permian Inc (NYSE:RSPP). Bbt Cap Mgmt Ltd Liability holds 0.15% or 26,900 shares in its portfolio. State Common Retirement Fund, a New York-based fund reported 273,276 shares. Pier Cap Limited last reported 170,166 shares in the company. Bocage Cap Limited Liability Company owns 285,431 shares or 6.26% of their US portfolio. The Minnesota-based Ameriprise has invested 0% in RSP Permian Inc (NYSE:RSPP). Bessemer has 87 shares for 0% of their US portfolio. Legal And General Grp Public Ltd Liability Corporation reported 17,747 shares or 0% of all its holdings. Tiger Eye Capital Ltd Liability Co holds 2.61% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 532,141 shares. Moreover, Credit Suisse Ag has 0% invested in RSP Permian Inc (NYSE:RSPP) for 68,206 shares. Blackrock Fund last reported 1.98 million shares in the company. Jpmorgan Chase And holds 0.01% or 620,273 shares in its portfolio. Raymond James Trust Na accumulated 9,201 shares or 0.03% of the stock. Blackrock reported 44,650 shares or 0% of all its holdings.
Insider Transactions: Since June 8, 2016, the stock had 1 insider purchase, and 15 insider sales for $11.46 million net activity. Collins Ted Jr sold $889,140 worth of stock or 21,000 shares. HUSEMAN KENNETH V bought $75,520 worth of RSP Permian Inc (NYSE:RSPP) on Thursday, August 11. Huck William had sold 6,000 shares worth $225,840. Daugbjerg Erik B sold $632,275 worth of RSP Permian Inc (NYSE:RSPP) on Wednesday, June 8.
More news for RSP Permian Inc (NYSE:RSPP) were recently published by: Forbes.com, which released: “RSP Permian Pays High Price For West Texas Properties” on October 14, 2016. Prnewswire.com‘s article titled: “RSP Permian, Inc. Completes First Part of Silver Hill Energy Partners Transaction” and published on November 28, 2016 is yet another important article.
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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