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. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.35, which indicates as a Strong Buy.
RSP Permian (RSPP) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $46 and the lowest price target forecast is $33. The average forecast of all the analysts is $38.94 and the expected standard deviation is $3.62.
For the current week, the company shares have a recommendation consensus of Buy.
RSP Permian (NYSE:RSPP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.65 and $35.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.32, notching a gain of 4.46% for the day. The total traded volume was 1,240,598 . The stock had closed at $34.77 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.