RSP Permian (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 1.38 by 16 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Imperial Capital initiates coverage on RSP Permian (NYSE:RSPP). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $45 per share. The rating by the firm was issued on June 15, 2016.
RSP Permian (NYSE:RSPP) stock has received a short term price target of $ 38.39 from 18 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.53. The higher estimate of target price is $45 , while the lower price target estimate is $33
RSP Permian (NYSE:RSPP) rose 1.39% or 0.48 points on Tuesday and made its way into the gainers of the day. After trading began at $34.4 the stock was seen hitting $35.3 as a peak level and $34.1 as the lowest level. The stock ended up at $35.04. The daily volume was measured at 1,304,725 shares. The 52-week high of the share price is $36.42 and the 52-week low is $16.74. The company has a market cap of $3,562 million.
Shares of RSP Permian, Inc. rose by 0.92% in the last five trading days and 9.84% for the last 4 weeks. RSP Permian, Inc. is up 23.34% in the last 3-month period. Year-to-Date the stock performance stands at 43.67%.
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.