RSP Permian, Inc. (NYSE:RSPP) – Investment analysts at KeyCorp raised their FY2017 EPS estimates for RSP Permian in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will earn $0.85 per share for the year, up from their prior estimate of $0.77. KeyCorp has a “Buy” rating and a $49.00 price target on the stock. KeyCorp also issued estimates for RSP Permian’s Q4 2017 earnings at $0.33 EPS, Q4 2018 earnings at $0.63 EPS and Q1 2019 earnings at $0.69 EPS.

RSPP has been the subject of several other reports. BMO Capital Markets set a $46.00 price target on RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, November 14th. ValuEngine downgraded RSP Permian from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Barclays increased their target price on RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Scotiabank reiterated a “buy” rating and set a $43.00 target price on shares of RSP Permian in a research report on Wednesday, November 22nd. Finally, Piper Jaffray Companies lowered their target price on RSP Permian from $49.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. RSP Permian currently has a consensus rating of “Buy” and a consensus price target of $45.87.

RSP Permian (RSPP) opened at $36.87 on Thursday. RSP Permian has a 52 week low of $28.76 and a 52 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 $5,882.45, a P/E ratio of 60.80, a price-to-earnings-growth ratio of 1.79 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. During the same period in the prior year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 115.5% compared to the same quarter last year.

In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $34.74, for a total value of $1,459,080.00. The sale was disclosed in a filing 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 dated 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 approximately $281,538,917.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,973 shares of company stock worth $6,861,844. Insiders own 15.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Third Point LLC lifted its holdings in shares of RSP Permian by 92.5% during the second quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock worth $124,240,000 after purchasing an additional 1,850,000 shares during the period. Alyeska Investment Group L.P. raised its position in 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 valued at $69,701,000 after acquiring an additional 1,361,049 shares in the last quarter. Westwood Holdings Group Inc. raised its position in 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 valued at $125,102,000 after acquiring an additional 1,073,137 shares in the last quarter. Vanguard Group Inc. raised its position in 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 valued at $321,513,000 after acquiring an additional 1,054,281 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in 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 valued at $45,632,000 after acquiring an additional 819,846 shares in the last quarter. 86.24% 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.

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

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