RSP Permian (RSPP) has an average broker rating of 1.38, which is interpreted as a Strong Buy, as rated by 21 equity analysts. Nonetheless, 16 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
RSP Permian (RSPP) : Currently there are 20 street experts covering RSP Permian (RSPP) stock. The most bullish and bearish price target for the stock is $55 and $33 respectively for the short term. The average price target of all the analysts comes to $44.45. The estimated standard deviation from the target is $4.71.
Also, Wells Fargo initiates coverage on RSP Permian (NYSE:RSPP) . Analysts at the Wells Fargo have a current rating of Outperform on the shares. The rating by the firm was issued on August 24, 2016.
RSP Permian (NYSE:RSPP): After opening at $36.71, the stock dipped to an intraday low of $36.34 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.3 and the buying power remained strong till the end. The stock closed at $37.18 for the day, a gain of 1.53% for the day session. The total traded volume was 767,567. The stocks close on the previous trading day was $36.62.
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.