FY2017 EPS Estimates for RSP Permian, Inc. Boosted by Analyst (RSPP)

RSP Permian, Inc. (NYSE:RSPP) – Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of RSP Permian in a research report issued on Monday. Jefferies Group analyst M. Hsu now anticipates that the oil and natural gas company will post earnings per share of $0.76 for the year, up from their previous forecast of $0.74. Jefferies Group has a “Buy” rating and a $47.00 price target on the stock. Jefferies Group also issued estimates for RSP Permian’s Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.50 EPS, Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.53 EPS.

RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $201.70 million for 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%. RSP Permian’s revenue for the quarter was up 115.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS.

COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for RSP Permian, Inc. Boosted by Analyst (RSPP)” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/11/14/fy2017-eps-estimates-for-rsp-permian-inc-boosted-by-analyst-rspp.html.

Several other analysts also recently commented on RSPP. Northland Securities set a $52.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a report on Monday, July 17th. Zacks Investment Research downgraded shares of RSP Permian from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Bank of America Corporation initiated coverage on shares of RSP Permian in a report on Wednesday, July 19th. They set a “buy” rating and a $45.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 target price on shares of RSP Permian in a report on Thursday, July 20th. Finally, Roth Capital reduced their target price on shares of RSP Permian from $64.50 to $44.00 and set a “buy” rating for the company in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.71.

Shares of RSP Permian (NYSE:RSPP) opened at $37.14 on Tuesday. The company has a market cap of $6,022.02, a PE ratio of 62.25, a P/E/G ratio of 1.90 and a beta of 2.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84. RSP Permian has a twelve month low of $28.76 and a twelve month high of $46.92.

A number of hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its position in RSP Permian by 0.9% during the 2nd 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 purchasing an additional 498 shares in the last quarter. Legal & General Group Plc increased its position in RSP Permian by 2.7% during the 1st quarter. Legal & General Group Plc now owns 35,697 shares of the oil and natural gas company’s stock worth $1,476,000 after purchasing an additional 945 shares in the last quarter. Denver Investment Advisors LLC increased its position in RSP Permian by 8.3% during the 2nd quarter. Denver Investment Advisors LLC now owns 12,365 shares of the oil and natural gas company’s stock worth $399,000 after purchasing an additional 950 shares in the last quarter. Geneva Advisors LLC increased its position in RSP Permian by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 37,276 shares of the oil and natural gas company’s stock worth $1,203,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in RSP Permian by 19.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,670 shares of the oil and natural gas company’s stock worth $312,000 after purchasing an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 87.02% of the company’s stock.

In other news, VP James E. Mutrie sold 12,447 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $31.47, for a total transaction of $391,707.09. Following the completion of the sale, the vice president now owns 38,005 shares of the company’s stock, valued at approximately $1,196,017.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Zane W. Arrott sold 47,113 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $31.29, for a total transaction of $1,474,165.77. Following the transaction, the chief operating officer now owns 86,614 shares of the company’s stock, valued at $2,710,152.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,560 shares of company stock valued at $5,999,303. 15.00% of the stock is currently owned by insiders.

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.

Receive News & Ratings for RSP Permian Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply