RSP Permian (NYSE:RSPP) received a $48.00 price target from stock analysts at Jefferies Group in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. Jefferies Group’s price target would indicate a potential upside of 26.38% from the company’s current price.

RSPP has been the topic of a number of other research reports. Zacks Investment Research cut shares of RSP Permian from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Royal Bank of Canada upped their price target on shares of RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Northland Securities reiterated a “buy” rating and issued a $52.00 price target on shares of RSP Permian in a research note on Wednesday, November 1st. BidaskClub upgraded shares of RSP Permian from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group started coverage on shares of RSP Permian in a research note on Monday, December 11th. They issued an “outperform” rating and a $44.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.74.

Shares of RSP Permian (RSPP) opened at $37.98 on Wednesday. RSP Permian has a fifty-two week low of $28.76 and a fifty-two week high of $46.92. The company has a market cap of $5,874.52, a price-to-earnings ratio of 60.72, a PEG ratio of 1.75 and a beta of 2.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35.

RSP Permian (NYSE:RSPP) last announced its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The firm had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The company’s quarterly revenue was up 115.5% on a year-over-year basis. sell-side analysts forecast that RSP Permian will post 0.8 earnings per share for the current year.

In other news, CFO Scott K. Mcneill sold 25,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.05, for a total transaction of $926,250.00. Following the transaction, the chief financial officer now owns 94,477 shares in the company, valued at $3,500,372.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Erik B. Daugbjerg sold 19,973 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $37.27, for a total value of $744,393.71. Following the transaction, the vice president now owns 203,598 shares in the company, valued at approximately $7,588,097.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,973 shares of company stock worth $6,861,844. Insiders own 15.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RSPP. Third Point LLC lifted its holdings in RSP Permian by 92.5% in the second quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock valued at $124,240,000 after acquiring an additional 1,850,000 shares during the period. Alyeska Investment Group L.P. increased its position in shares of RSP Permian by 208.1% during the third quarter. Alyeska Investment Group L.P. now owns 2,015,071 shares of the oil and natural gas company’s stock worth $69,701,000 after purchasing an additional 1,361,049 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of RSP Permian by 38.3% during the second quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock worth $125,102,000 after purchasing an additional 1,073,137 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RSP Permian by 11.8% during the second quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after purchasing an additional 1,054,281 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of RSP Permian by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 1,322,262 shares of the oil and natural gas company’s stock worth $45,632,000 after purchasing an additional 819,846 shares in the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.

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About RSP Permian

RSP Permian, Inc is an independent oil and natural gas company. The Company is engaged 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’s properties are located on contiguous acreage blocks in the Midland Basin, and the Delaware Basin, both sub-basins of the Permian Basin.

Analyst Recommendations for RSP Permian (NYSE:RSPP)

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