RSP Permian (RSPP) Shares are Up 8.69%

RSP Permian (RSPP) has been under a strong bear grip, hence the stock is down -1.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 8.51% in the past 1 week. The stock has risen by 8.69% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.9% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.74% and the 50-Day Moving Average is 3.34%.The 200 Day SMA reached 26.69%


RSP Permian (NYSE:RSPP): After opening at $38.2, the stock dipped to an intraday low of $37.82 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.19 and the buying power remained strong till the end. The stock closed at $38.78 for the day, a gain of 2.43% for the day session. The total traded volume was 1,338,139. The stocks close on the previous trading day was $38.78.

RSP Permian (RSPP) has been rated by 20 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $55 and the lowest price target forecast is $33. The average forecast of all the analysts is $44.45 and the expected standard deviation is $4.71.

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.

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