RSP Permian (NYSE:RSPP) – Analysts at Jefferies Group dropped their Q1 2018 earnings estimates for RSP Permian in a research report issued on Monday, March 19th, Zacks Investment Research reports. Jefferies Group analyst M. Lear now anticipates that the oil and natural gas company will post earnings per share of $0.48 for the quarter, down from their previous estimate of $0.51. Jefferies Group currently has a “Hold” rating and a $51.00 target price on the stock. Jefferies Group also issued estimates for RSP Permian’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.27 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $0.86 EPS and FY2019 earnings at $3.08 EPS.
Several other research analysts have also recently commented on the stock. Stifel Nicolaus cut shares of RSP Permian from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a report on Monday. ValuEngine cut shares of RSP Permian from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. Seaport Global Securities cut shares of RSP Permian from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Credit Suisse Group cut shares of RSP Permian from an “outperform” rating to a “hold” rating and lowered their price target for the stock from $53.00 to $51.00 in a report on Tuesday, April 3rd. Finally, Raymond James Financial restated a “market perform” rating on shares of RSP Permian in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.28.
Shares of RSPP stock traded down $0.20 during trading on Tuesday, reaching $45.48. The company’s stock had a trading volume of 3,919,661 shares, compared to its average volume of 3,618,379. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $6,997.88, a P/E ratio of 55.80, a price-to-earnings-growth ratio of 0.59 and a beta of 1.67. RSP Permian has a 1-year low of $28.76 and a 1-year high of $47.17.
RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $249.02 million during the quarter, compared to analysts’ expectations of $246.71 million. RSP Permian had a net margin of 28.88% and a return on equity of 3.07%.
A number of institutional investors have recently made changes to their positions in RSPP. Aperio Group LLC raised its position in RSP Permian by 16.4% during the 3rd quarter. Aperio Group LLC now owns 20,853 shares of the oil and natural gas company’s stock worth $721,000 after buying an additional 2,945 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of RSP Permian by 25.0% during the 3rd quarter. American Century Companies Inc. now owns 186,191 shares of the oil and natural gas company’s stock worth $6,440,000 after purchasing an additional 37,283 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of RSP Permian by 14.4% during the 3rd quarter. New York State Common Retirement Fund now owns 628,522 shares of the oil and natural gas company’s stock worth $21,741,000 after purchasing an additional 79,203 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of RSP Permian during the 3rd quarter worth about $444,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of RSP Permian by 6.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 714,159 shares of the oil and natural gas company’s stock worth $24,702,000 after acquiring an additional 44,635 shares during the period. Institutional investors own 90.66% of the company’s stock.
In other RSP Permian news, insider Wallace Family Partnership, Lp sold 29,877 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $42.58, for a total transaction of $1,272,162.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 125,000 shares of company stock valued at $5,584,918. 15.00% of the stock is owned by insiders.
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RSP Permian Company Profile
RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.
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