Roth Capital lowered shares of RSP Permian (NYSE:RSPP) from a buy rating to a neutral rating in a research report released on Monday morning, Marketbeat.com reports. The firm currently has $51.00 target price on the oil and natural gas company’s stock.
RSPP has been the topic of several other reports. TheStreet upgraded shares of RSP Permian from a c+ rating to a b- rating in a report on Friday, March 23rd. UBS assumed coverage on shares of RSP Permian in a report on Wednesday, March 7th. They issued a buy rating and a $50.00 price objective on the stock. Stifel Nicolaus restated a buy rating and issued a $46.00 price objective (up from $45.00) on shares of RSP Permian in a report on Tuesday, December 19th. ValuEngine lowered shares of RSP Permian from a hold rating to a sell rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of RSP Permian from a strong-buy rating to a hold rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $50.43.
Shares of RSPP stock opened at $49.14 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.35. RSP Permian has a one year low of $28.76 and a one year high of $50.00. The company has a market capitalization of $7,635.65, a PE ratio of 59.93, a P/E/G ratio of 0.64 and a beta of 1.67.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. RSP Permian had a net margin of 28.88% and a return on equity of 3.07%. The firm had revenue of $249.02 million for the quarter, compared to analyst estimates of $246.71 million. equities analysts expect that RSP Permian will post 2.25 earnings per share for the current year.
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 document filed with the SEC, which is available through this hyperlink. 15.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hartree Partners LP grew its position in shares of RSP Permian by 2.7% in the 4th quarter. Hartree Partners LP now owns 62,125 shares of the oil and natural gas company’s stock valued at $2,527,000 after buying an additional 1,625 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of RSP Permian by 1.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 122,342 shares of the oil and natural gas company’s stock valued at $4,977,000 after buying an additional 1,764 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of RSP Permian by 38.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,156 shares of the oil and natural gas company’s stock valued at $291,000 after buying an additional 1,976 shares during the last quarter. Cambiar Investors LLC grew its position in shares of RSP Permian by 2.5% in the 4th quarter. Cambiar Investors LLC now owns 96,949 shares of the oil and natural gas company’s stock valued at $3,944,000 after buying an additional 2,344 shares during the last quarter. Finally, American International Group Inc. purchased a new position in shares of RSP Permian in the 4th quarter valued at $119,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.
RSP Permian Company Profile
RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.
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