Impact of Brokerage Rating on RSP Permian, Inc.(RSPP)

Many RSP Permian, Inc.(RSPP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. RSP Permian Inc was Upgraded by Guggenheim to Buy on Dec 19, 2016. RSP Permian Inc was Upgraded by JP Morgan to Overweight on Dec 8, 2016. RSP Permian Inc was Reiterated by FBR & Co. on Dec 6, 2016 to Outperform, Lowers Price Target to $ 51 from a previous price target of $55 .RSP Permian Inc was Upgraded by Morgan Stanley to Overweight on Dec 5, 2016.

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, William Huck (VP, Operations) sold 6,000 shares at 42.69 per share price.On Nov 25, 2016, Ted Jr Collins (director 10% owner) sold 17,000 shares at 42.48 per share price.On Aug 15, 2016, Kenneth V Huseman (director) purchased 2,000 shares at 37.76 per share price.

RSP Permian Inc Last issued its quarterly earnings results on Nov 1, 2016. The company reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $-0.02. The company had revenue of $93.62 million for the quarter, compared to analysts expectations of $93.56 million. The companys revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

RSP Permian, Inc. (NYSE:RSPP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.22 by 23 Brokerage Firm. 20 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.

RSP Permian, Inc. (NYSE:RSPP): 22 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $51.98 in RSP Permian, Inc. (NYSE:RSPP). However, the stock price could fluctuate by $ 7.39 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $65 price target with the lower price estimate is calculated at $33

RSP Permian, Inc. (NYSE:RSPP) rose 3.51% or 1.46 points on Tuesday and made its way into the gainers of the day. After trading began at $41.99 the stock was seen hitting $43.16 as a peak level and $41.15 as the lowest level. The stock ended up at $43.1. The daily volume was measured at 1,686,094 shares. The 52-week high of the share price is $46.92 and the 52-week low is $18.93. The company has a market cap of $6,119 million.

RSP Permian, Inc. is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves primarily in the Permian Basin of West Texas. RSP Permian, Inc. is based in Dallas, United States.


For any feedback and suggestions contact author at

Add Comment