Wall Street brokerages forecast that RSP Permian Inc (NYSE:RSPP) will report sales of $246.71 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for RSP Permian’s earnings. The highest sales estimate is $257.77 million and the lowest is $227.92 million. RSP Permian posted sales of $122.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 100.7%. The business is expected to issue its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that RSP Permian will report full-year sales of $246.71 million for the current year, with estimates ranging from $782.60 million to $818.63 million. For the next financial year, analysts expect that the firm will post sales of $1.22 billion per share, with estimates ranging from $1.02 billion to $1.43 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow RSP Permian.

A number of research analysts recently weighed in on RSPP shares. Royal Bank of Canada raised their target price on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Northland Securities reissued a “buy” rating and issued a $52.00 target price on shares of RSP Permian in a report on Wednesday, November 1st. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, November 3rd. BidaskClub raised shares of RSP Permian from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Morgan Stanley raised their target price on shares of RSP Permian from $41.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. RSP Permian has a consensus rating of “Buy” and a consensus price target of $47.93.

In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $35.61, for a total transaction of $1,495,620.00. Following the completion of the transaction, the director now directly owns 8,052,851 shares of the company’s stock, valued at $286,762,024.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction on Monday, December 4th. The stock was sold at an average price of $37.27, for a total transaction of $744,393.71. Following the transaction, the vice president now directly owns 203,598 shares of the company’s stock, valued at $7,588,097.46. The disclosure for this sale can be found here. Insiders have sold 233,473 shares of company stock valued at $9,073,416 over the last ninety days. 15.00% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its position in shares of RSP Permian by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 60,660 shares of the oil and natural gas company’s stock worth $2,098,000 after purchasing an additional 1,632 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of RSP Permian by 1.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 122,342 shares of the oil and natural gas company’s stock worth $4,977,000 after purchasing an additional 1,764 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RSP Permian by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,156 shares of the oil and natural gas company’s stock worth $291,000 after purchasing an additional 1,976 shares during the last quarter. Cambiar Investors LLC lifted its position in shares of RSP Permian by 2.5% during the fourth quarter. Cambiar Investors LLC now owns 96,949 shares of the oil and natural gas company’s stock worth $3,944,000 after purchasing an additional 2,344 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of RSP Permian by 11.5% during the third quarter. Pacer Advisors Inc. now owns 22,808 shares of the oil and natural gas company’s stock worth $789,000 after purchasing an additional 2,345 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

RSP Permian (NYSE RSPP) traded up $0.20 during mid-day trading on Tuesday, hitting $33.64. 3,379,385 shares of the company were exchanged, compared to its average volume of 2,347,219. RSP Permian has a 1 year low of $28.76 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $5,335.27, a price-to-earnings ratio of 55.15, a PEG ratio of 0.47 and a beta of 1.97.

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RSP Permian Company Profile

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.

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Earnings History and Estimates for RSP Permian (NYSE:RSPP)

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