RSP Permian, Inc. (NYSE:RSPP) – Seaport Global Securities upped their FY2017 earnings per share (EPS) estimates for shares of RSP Permian in a research note issued on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings per share of $0.80 for the year, up from their previous forecast of $0.64.

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

RSPP has been the subject of several other reports. Stifel Nicolaus restated a “buy” rating and set a $46.00 target price (up from $45.00) on shares of RSP Permian in a research report on Tuesday. BMO Capital Markets set a $46.00 target price on shares of RSP Permian and gave the company a “buy” rating in a research report on Tuesday, November 14th. ValuEngine lowered shares of RSP Permian from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Barclays boosted their target price on shares of RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Scotiabank restated a “buy” rating and set a $43.00 target price on shares of RSP Permian in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.61.

Shares of RSP Permian (RSPP) opened at $37.98 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5,853.90, a P/E ratio of 60.51, a P/E/G ratio of 1.77 and a beta of 2.15. RSP Permian has a 12-month low of $28.76 and a 12-month high of $46.92.

Several institutional investors and hedge funds have recently bought and sold shares of RSPP. Mutual of America Capital Management LLC boosted its position in shares of RSP Permian by 0.9% during the second quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock worth $1,905,000 after acquiring an additional 498 shares during the last quarter. Geneva Advisors LLC boosted its position in shares of RSP Permian by 3.2% during the second quarter. Geneva Advisors LLC now owns 37,276 shares of the oil and natural gas company’s stock worth $1,203,000 after acquiring an additional 1,139 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of RSP Permian by 19.5% during the second quarter. Teacher Retirement System of Texas now owns 9,670 shares of the oil and natural gas company’s stock worth $312,000 after acquiring an additional 1,579 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of RSP Permian by 65.7% during the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock worth $139,000 after acquiring an additional 1,705 shares during the last quarter. Finally, Pacer Advisors Inc. boosted 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 acquiring an additional 2,345 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

In other RSP Permian news, CFO Scott K. Mcneill sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $37.05, for a total value of $926,250.00. Following the completion of the transaction, the chief financial officer now directly owns 94,477 shares in the company, valued at $3,500,372.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $34.74, for a total transaction of $1,459,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,973 shares of company stock valued at $6,861,844. Company insiders own 15.00% of the company’s stock.

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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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