RSP Permian (RSPP) : Zacks Investment Research ranks RSP Permian (RSPP) as 2, which is a Buy recommendation. 14 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 1.47, which indicates as a Strong Buy.
RSP Permian (RSPP) : The highest level RSP Permian (RSPP) is projected to reach is $46 for the short term and the lowest estimate is at $33. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $39.68 and the possibility the share price can swing is $3.68.
For the current week, the company shares have a recommendation consensus of Buy.
RSP Permian (NYSE:RSPP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.10 and $33.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.99, notching a gain of 3.15% for the day. The total traded volume was 821,766 . The stock had closed at $33.92 on the previous day.
RSP Permian, Inc. is an independent oil and natural gas Company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Companys properties are located on contiguous acreage blocks in the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock. As of December 31, 2014, the Company has participated in the completion of 92 horizontal wells, 45 of which the Company operated. Of these operated horizontal wells, three are Wolfcamp A wells, 17 are Wolfcamp B wells, two are Wolfcamp D wells, nine are Middle Spraberry wells, 14 are Lower Spraberry wells.