Morgan Stanley Initiates Coverage on RSP Permian Inc to Equal-weight

Morgan Stanley Initiates Coverage on RSP Permian Inc(NYSE:RSPP). The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 21, 2016.

In a different note, Imperial Capital said it Initiates Coverage on RSP Permian Inc, according to a research note issued on Jun 15, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on RSP Permian Inc. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Jefferies said it Maintains its rating on RSP Permian Inc. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Roth Capital said it Maintains its rating on RSP Permian Inc. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Roth Capital said it Maintains its rating on RSP Permian Inc. In the research note, the firm Rau the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. On May 4, 2016, Raymond James said it Upgrades its rating on RSP Permian Inc. The shares have been rated ‘Strong Buy’ by the firm.

RSP Permian Inc (RSPP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.93% or 0.32 points. Due to strong positive momentum, the stock ended at $34.9, which is also near the day’s high of $35.14. The stock began the session at $34.32 and the volume stood at 7,88,470 shares. The 52-week high of the shares is $37.1 and the 52 week low is $16.74. The company has a current market capitalization of $3,547 M and it has 10,16,44,918 shares in outstanding.

RSP Permian Inc(RSPP) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $57.77M. Analysts had an estimated revenue of $60.65M. Earnings per share were $-0.16. Analysts had estimated an EPS of $-0.13.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Ted Jr Collins (director 10% owner) sold 42,000 shares at $34.27 per share price.Also, On Jun 10, 2016, Erik B Daugbjerg (VP of O&G Mktg/Bus. Dev.) sold 17,500 shares at $36.13 per share price.On Jun 1, 2016, William Huck (VP, Operations) sold 10,000 shares at $33.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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