Today Stifel Nicolaus Maintains a Hold Rating on RSP Permian (NYSE:RSPP) and a $48.0000 Target Price

April 25, 2018 - By Vivian Park

RSP Permian, Inc. (NYSE:RSPP) Logo

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.11, from 1.28 in 2017Q3. It is 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.

Citadel Advisors Limited Liability accumulated 1.74M shares or 0.04% of the stock. Moreover, E&G Advsrs Lp has 0.22% invested in RSP Permian, Inc. (NYSE:RSPP). Eagle Asset Mgmt Inc has invested 1.01% in RSP Permian, Inc. (NYSE:RSPP). Utah Retirement, Utah-based fund reported 24,421 shares. Employees Retirement System Of Ohio invested 0.01% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Tricadia Capital Mgmt Ltd Limited Liability Company accumulated 14,160 shares. Quantitative Systematic Strategies Limited Liability Co has 20,033 shares for 0.21% of their portfolio. Monarch Partners Asset Mgmt Lc stated it has 0.82% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Finance Architects holds 800 shares. Goldman Sachs Grp Inc reported 4.69 million shares. Tiaa Cref Investment Mngmt Ltd holds 0.15% or 5.52M shares in its portfolio. Gradient Investments Limited Co reported 12,578 shares or 0.03% of all its holdings. Viking Fund Mgmt Limited Liability Company stated it has 1.2% in RSP Permian, Inc. (NYSE:RSPP). Samlyn Capital Ltd Liability Corp reported 694,533 shares. First Personal accumulated 1,112 shares or 0.01% of the stock.

Since December 11, 2017, it had 0 insider purchases, and 6 sales for $11.31 million activity. Another trade for 25,000 shares valued at $926,250 was made by McNeill Scott K. on Monday, December 11. $1.74M worth of RSP Permian, Inc. (NYSE:RSPP) was sold by Collins Ted Jr.

RSP Permian (NYSE:RSPP) Rating Reaffirmed

Recently, In analysts report revealed on Monday, 23 April, RSP Permian (NYSE:RSPP) shares have had their Hold Rating reaffirmed by equity research analysts at Stifel Nicolaus, who currently has a $48.0000 target price on company. This target by Stifel Nicolaus means the possibile downside of -0.52 % from the close price.

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.11, from 1.28 in 2017Q3. It is 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.

Citadel Advisors Limited Liability accumulated 1.74M shares or 0.04% of the stock. Moreover, E&G Advsrs Lp has 0.22% invested in RSP Permian, Inc. (NYSE:RSPP). Eagle Asset Mgmt Inc has invested 1.01% in RSP Permian, Inc. (NYSE:RSPP). Utah Retirement, Utah-based fund reported 24,421 shares. Employees Retirement System Of Ohio invested 0.01% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Tricadia Capital Mgmt Ltd Limited Liability Company accumulated 14,160 shares. Quantitative Systematic Strategies Limited Liability Co has 20,033 shares for 0.21% of their portfolio. Monarch Partners Asset Mgmt Lc stated it has 0.82% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). Finance Architects holds 800 shares. Goldman Sachs Grp Inc reported 4.69 million shares. Tiaa Cref Investment Mngmt Ltd holds 0.15% or 5.52M shares in its portfolio. Gradient Investments Limited Co reported 12,578 shares or 0.03% of all its holdings. Viking Fund Mgmt Limited Liability Company stated it has 1.2% in RSP Permian, Inc. (NYSE:RSPP). Samlyn Capital Ltd Liability Corp reported 694,533 shares. First Personal accumulated 1,112 shares or 0.01% of the stock.

Since December 11, 2017, it had 0 insider purchases, and 6 sales for $11.31 million activity. Another trade for 25,000 shares valued at $926,250 was made by McNeill Scott K. on Monday, December 11. $1.74M worth of RSP Permian, Inc. (NYSE:RSPP) was sold by Collins Ted Jr.

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 $5700 highest and $41.0 lowest target. $51.88’s average target is 7.52% above currents $48.25 stock price. RSP Permian had 49 analyst reports since November 8, 2017 according to SRatingsIntel. On Monday, December 11 the stock rating was maintained by Northland Capital with “Buy”. The firm has “Buy” rating by Piper Jaffray given on Monday, November 20. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, November 8. The rating was downgraded by RBC Capital Markets to “Hold” on Thursday, March 29. The rating was maintained by Jefferies with “Buy” on Monday, March 19. BMO Capital Markets maintained RSP Permian, Inc. (NYSE:RSPP) rating on Wednesday, April 11. BMO Capital Markets has “Buy” rating and $5100 target. Stifel Nicolaus maintained RSP Permian, Inc. (NYSE:RSPP) on Tuesday, December 19 with “Buy” rating. RBC Capital Markets maintained it with “Hold” rating and $5300 target in Friday, April 13 report. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Buy” rating given on Monday, January 29 by Stifel Nicolaus. The rating was initiated by Credit Suisse with “Buy” on Monday, December 11.

The stock increased 1.56% or $0.74 during the last trading session, reaching $48.25. About 646,681 shares traded. RSP Permian, Inc. (NYSE:RSPP) has 0.00% since April 25, 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 24.62 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 $7.69 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 32.38 P/E ratio.

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

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