(RSPP) Stock Rating Upgraded by Goldman Sachs Group, Inc


Barclays PLC reaffirmed an "overweight" rating and set a $44.00 price objective on shares of RSP Permian in a research note on Wednesday, April 26th. (The) raised shares of RSP Permian from a "buy" rating to a "conviction-buy" rating and set a $45.00 price target for the company in a research note on Wednesday.


7/19/2017 - RSP Permian was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. Scotiabank set a $43.00 target price on shares of RSP Permian and gave the stock a "buy" rating in a research report on Saturday, July 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus target price of $46.58.

Raunaq EPC International Ltd (RAUNAQEPC.BO) shares are being watched closely by traders as the Awesome Oscillator signal is revealing a downward trend building over the past five bars, signaling that market momentum is building for the name. RSP Permian Inc has a 52-week low of 29.67 and a 52-week high of 46.92.

The most current P/E ratio is 59.70 and market cap is 5.13B. It is now trading at $32.41 marginally under the 50 day moving average of $32.71 and which is quite a bit below the 200 day moving average of $37.62.

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RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $183.10 million for the quarter, compared to the consensus estimate of $185.01 million. RSP Permian had a net margin of 12.71% and a return on equity of 1.86%. The company's revenue was up 124.7% on a year-over-year basis. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 13.3%. On average, analysts anticipate that RSP Permian, Inc. will post $0.72 EPS for the current fiscal year. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright law. The legal version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/11/rsp-permian-inc-rspp-earns-buy-rating-from-stifel-nicolaus-updated-updated-updated.html. 1,007,188 shares of the company traded hands. The total value of its holdings increased 136.7%. The sale was disclosed in a filing with the SEC, which is accessible through this link. Credit Suisse Group initiated coverage on shares of RSP Permian in a report on Thursday, June 1st. The total value of its holdings increased 59.8%. Following the completion of the purchase, the chief executive officer now directly owns 301,688 shares of the company's stock, valued at $10,918,088.72. The disclosure for this purchase can be found here. Company insiders own 15.00% of the company's stock.

Van Eck Associates Corp says it raised its position in RSP Permian, Inc.by 37.3% in the last quarter. First Trust Advisors LP now owns 155,025 shares of the oil and natural gas company's stock worth $6,423,000 after buying an additional 42,150 shares during the period. BP Capital Fund Advisors LLC increased its position in RSP Permian by 11.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 41,236 shares of the oil and natural gas company's stock worth $1,708,000 after buying an additional 450 shares during the period. 1st Global Advisors Inc. boosted its position in RSP Permian by 1.9% in the first quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company's stock worth $321,513,000 after buying an additional 1,054,281 shares during the last quarter. Creative Planning boosted its stake in shares of RSP Permian by 1,642.6% in the first quarter. FMR LLC increased its position in RSP Permian by 5.9% in the second quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the company.

Large investors have recently made changes to their positions in the company.

RSP Permian, Inc is an independent oil and natural gas company. The Company is involved in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.