RSP Permian Inc (NYSE:RSPP) Sentiment Increased, Despite

April 17, 2018 - By Stephen Andrade

RSP Permian, Inc. (NYSE:RSPP) Logo

Sentiment for RSP Permian Inc (NYSE:RSPP)

RSP Permian Inc (NYSE:RSPP) institutional sentiment decreased to 1.17 in Q4 2017. Its down -0.11, from 1.28 in 2017Q3. The ratio turned negative, as 124 institutional investors increased and opened new holdings, while 106 cut down and sold holdings in RSP Permian Inc. The institutional investors in our partner’s database now own: 134.36 million shares, up from 133.37 million shares in 2017Q3. Also, the number of institutional investors holding RSP Permian Inc in their top 10 holdings increased from 8 to 9 for an increase of 1. Sold All: 28 Reduced: 78 Increased: 76 New Position: 48.

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 $7.67 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 32.28 P/E ratio.

The stock increased 0.61% or $0.2925 during the last trading session, reaching $48.1025. About 4.05 million shares traded or 4.11% up from the average. RSP Permian, Inc. (NYSE:RSPP) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await RSP Permian, Inc. (NYSE:RSPP) to report earnings on May, 1. They expect $0.49 earnings per share, up 206.25 % or $0.33 from last year’s $0.16 per share. RSPP’s profit will be $78.12M for 24.54 P/E if the $0.49 EPS becomes a reality. After $0.32 actual earnings per share reported by RSP Permian, Inc. for the previous quarter, Wall Street now forecasts 53.13 % EPS growth.

Caymus Capital Partners L.P. holds 10.79% of its portfolio in RSP Permian, Inc. for 1.90 million shares. Brenham Capital Management L.P. owns 1.80 million shares or 8.22% of their US portfolio. Moreover, Cambrian Capital Limited Partnership has 5.53% invested in the company for 111,250 shares. The Connecticut-based Tide Point Capital Management Lp has invested 5.45% in the stock. Sir Capital Management L.P., a New York-based fund reported 547,983 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 5 insider sales for $8.25 million activity.

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

Ratings analysis reveals 55% of RSP Permian’s analysts are positive. Out of 22 Wall Street analysts rating RSP Permian, 12 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $41.0 while the high is $55. The stock’s average target of $51.68 is 7.44% above today’s ($48.1025) share price. RSPP was included in 48 notes of analysts from October 18, 2017. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Buy” rating given on Tuesday, March 13 by Stephens. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Buy” rating given on Friday, November 10 by RBC Capital Markets. The firm earned “Market Perform” rating on Thursday, March 29 by Northland Capital. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Buy” rating by Piper Jaffray on Tuesday, January 9. The firm has “Buy” rating given on Wednesday, April 11 by BMO Capital Markets. On Monday, October 23 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Buy” rating by Northland Capital on Thursday, March 1. The firm has “Buy” rating by RBC Capital Markets given on Thursday, March 1. The stock has “Buy” rating by Northland Capital on Monday, December 11. On Tuesday, November 14 the stock rating was maintained by BMO Capital Markets with “Buy”.

RSP Permian, Inc. (NYSE:RSPP) Institutional Positions Chart

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