RSP Permian Inc (NYSE:RSPP) – Research analysts at Capital One Financial boosted their FY2017 earnings per share estimates for shares of RSP Permian in a report released on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will post earnings of $0.81 per share for the year, up from their previous forecast of $0.72.

A number of other analysts have also issued reports on RSPP. Williams Capital decreased their target price on shares of RSP Permian from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. Morgan Stanley raised their target price on shares of RSP Permian from $41.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. BidaskClub lowered shares of RSP Permian from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $49.00 price target on shares of RSP Permian in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $47.93.

Shares of RSP Permian (NYSE:RSPP) opened at $33.44 on Friday. RSP Permian has a 1 year low of $28.76 and a 1 year high of $44.11. The stock has a market cap of $5,693.71, a P/E ratio of 58.85, a P/E/G ratio of 0.50 and a beta of 1.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84.

In other news, insider Wallace Family Partnership, Lp sold 29,877 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $42.58, for a total value of $1,272,162.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ted Collins, Jr. sold 42,000 shares of the firm’s 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 in the company, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. In the last three months, insiders sold 233,473 shares of company stock worth $9,073,416. Insiders own 15.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Anchor Bolt Capital LP purchased a new stake in RSP Permian during the 3rd quarter worth $13,494,000. Third Point LLC increased its stake in RSP Permian by 19.5% during the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock worth $159,114,000 after buying an additional 750,000 shares during the period. Legal & General Group Plc increased its stake in RSP Permian by 21.3% during the 3rd quarter. Legal & General Group Plc now owns 58,735 shares of the oil and natural gas company’s stock worth $2,032,000 after buying an additional 10,325 shares during the period. Mitchell Group Inc. purchased a new stake in RSP Permian during the 3rd quarter worth $13,825,000. Finally, Eagle Asset Management Inc. increased its stake in RSP Permian by 21.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 3,836,027 shares of the oil and natural gas company’s stock worth $133,877,000 after buying an additional 669,488 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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