RSP Permian (NYSE:RSPP) Share Price May Be About to Change Direction; Roth Capital Downgrades Them

April 17, 2018 - By Vivian Park

RSP Permian, Inc. (NYSE:RSPP) Logo

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.11, from 1.28 in 2017Q3. It turned negative, as 28 investors sold RSP Permian, Inc. shares while 78 reduced holdings. 48 funds opened positions while 76 raised stakes. 134.36 million shares or 0.75% more from 133.37 million shares in 2017Q3 were reported.

Ftb Advisors accumulated 313 shares. Renaissance Techs Ltd Llc accumulated 0% or 105,600 shares. First Personal Financial Svcs invested in 0.01% or 1,112 shares. Raymond James Serv holds 18,559 shares or 0% of its portfolio. 20 are owned by Winfield Assoc Inc. Channing Management Limited Liability Corporation has invested 0.16% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Commercial Bank Of Montreal Can reported 0.01% in RSP Permian, Inc. (NYSE:RSPP). Weiss Multi has invested 0.34% in RSP Permian, Inc. (NYSE:RSPP). Amalgamated National Bank & Trust holds 0.03% or 24,711 shares in its portfolio. Mutual Of America Capital Llc accumulated 0% or 950 shares. Morgan Stanley invested 0.01% in RSP Permian, Inc. (NYSE:RSPP). Stifel Fin Corporation owns 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 12,407 shares. Denver Inv Ltd Llc holds 0.02% or 11,997 shares in its portfolio. Cadence Capital Mgmt Ltd Liability Company invested in 5,062 shares. Moreover, Aperio Grp has 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 23,795 shares.

Since December 11, 2017, it had 0 insider buys, and 5 selling transactions for $8.25 million activity. 25,000 shares were sold by McNeill Scott K., worth $926,250. Collins Ted Jr sold $1.74M worth of RSP Permian, Inc. (NYSE:RSPP) on Wednesday, January 3.

RSP Permian (NYSE:RSPP) Receives a Downgrade

In analysts note shared with investors on Monday morning, Roth Capital has decided to downgraded rating on RSP Permian (NYSE:RSPP) shares to a “Neutral”. RSPP’s prior rating was a “Buy”.

Investors sentiment decreased to 1.17 in Q4 2017. Its down 0.11, from 1.28 in 2017Q3. It turned negative, as 28 investors sold RSP Permian, Inc. shares while 78 reduced holdings. 48 funds opened positions while 76 raised stakes. 134.36 million shares or 0.75% more from 133.37 million shares in 2017Q3 were reported.

Ftb Advisors accumulated 313 shares. Renaissance Techs Ltd Llc accumulated 0% or 105,600 shares. First Personal Financial Svcs invested in 0.01% or 1,112 shares. Raymond James Serv holds 18,559 shares or 0% of its portfolio. 20 are owned by Winfield Assoc Inc. Channing Management Limited Liability Corporation has invested 0.16% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Commercial Bank Of Montreal Can reported 0.01% in RSP Permian, Inc. (NYSE:RSPP). Weiss Multi has invested 0.34% in RSP Permian, Inc. (NYSE:RSPP). Amalgamated National Bank & Trust holds 0.03% or 24,711 shares in its portfolio. Mutual Of America Capital Llc accumulated 0% or 950 shares. Morgan Stanley invested 0.01% in RSP Permian, Inc. (NYSE:RSPP). Stifel Fin Corporation owns 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 12,407 shares. Denver Inv Ltd Llc holds 0.02% or 11,997 shares in its portfolio. Cadence Capital Mgmt Ltd Liability Company invested in 5,062 shares. Moreover, Aperio Grp has 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 23,795 shares.

Since December 11, 2017, it had 0 insider buys, and 5 selling transactions for $8.25 million activity. 25,000 shares were sold by McNeill Scott K., worth $926,250. Collins Ted Jr sold $1.74M worth of RSP Permian, Inc. (NYSE:RSPP) on Wednesday, January 3.

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

Among 22 analysts covering RSP Permian (NYSE:RSPP), 12 have Buy rating, 0 Sell and 10 Hold. Therefore 55% are positive. RSP Permian has $55 highest and $41.0 lowest target. $51.68’s average target is 7.73% above currents $47.97 stock price. RSP Permian had 48 analyst reports since October 18, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 20 by RBC Capital Markets. The rating was maintained by Susquehanna on Wednesday, January 17 with “Buy”. As per Monday, March 5, the company rating was maintained by Susquehanna. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, November 14. Goldman Sachs downgraded RSP Permian, Inc. (NYSE:RSPP) on Thursday, March 29 to “Neutral” rating. Northland Capital downgraded the shares of RSPP in report on Thursday, March 29 to “Market Perform” rating. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Buy” rating by Stephens on Tuesday, March 13. Roth Capital maintained the stock with “Buy” rating in Monday, January 22 report. Imperial Capital downgraded RSP Permian, Inc. (NYSE:RSPP) on Thursday, March 29 to “In-Line” rating. The firm has “Buy” rating given on Monday, March 12 by BMO Capital Markets.

The stock increased 0.33% or $0.16 during the last trading session, reaching $47.97. About 1.84M shares traded. 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 $78.12 million for 24.47 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.

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 $7.65 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 32.19 P/E ratio.

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

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