RSP Permian, Inc. (NYSE:RSPP) – US Capital Advisors raised their Q4 2017 earnings per share (EPS) estimates for RSP Permian in a research note issued to investors on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $0.36 for the quarter, up from their prior forecast of $0.29. US Capital Advisors also issued estimates for RSP Permian’s Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.54 EPS and FY2019 earnings at $2.14 EPS.

A number of other research analysts have also weighed in on RSPP. Roth Capital set a $44.00 target price on RSP Permian and gave the company a “buy” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) upgraded RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 target price on the stock in a report on Wednesday, August 9th. Imperial Capital began coverage on RSP Permian in a report on Tuesday, August 15th. They issued an “outperform” rating and a $42.00 target price on the stock. Zacks Investment Research upgraded RSP Permian from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, BidaskClub lowered RSP Permian from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.00.

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RSP Permian (NYSE RSPP) opened at $36.48 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 quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5,785.70, a P/E ratio of 59.80, a PEG ratio of 1.79 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. During the same quarter last year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was up 115.5% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in RSPP. Nisa Investment Advisors LLC grew its position in shares of RSP Permian by 24.1% in the second quarter. Nisa Investment Advisors LLC now owns 19,280 shares of the oil and natural gas company’s stock valued at $668,000 after purchasing an additional 3,750 shares in the last quarter. Aperio Group LLC grew its position in shares of RSP Permian by 27.1% in the second quarter. Aperio Group LLC now owns 17,908 shares of the oil and natural gas company’s stock valued at $578,000 after purchasing an additional 3,814 shares in the last quarter. Quantitative Systematic Strategies LLC grew its position in shares of RSP Permian by 25.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 56,391 shares of the oil and natural gas company’s stock valued at $1,786,000 after purchasing an additional 11,484 shares in the last quarter. Goodwin Daniel L purchased a new position in shares of RSP Permian in the second quarter valued at $323,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of RSP Permian in the second quarter valued at $662,000. Institutional investors own 83.77% of the company’s stock.

In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ted Collins, Jr. sold 21,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $34.78, for a total value of $730,380.00. Following the completion of the sale, the director now directly owns 8,094,851 shares of the company’s stock, valued at $281,538,917.78. The disclosure for this sale can be found here. Insiders sold 180,447 shares of company stock valued at $6,020,757 over the last three months. Company insiders own 15.00% of the company’s stock.

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.

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

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