RSP Permian (RSPP) has risen sharply, recording gains of 10.15% in the past 4 weeks. However, the stock has corrected -1.74% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.39% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.51% and the fifty day Moving Average is 10.32%. RSP Permian, Inc. is up 18.78% in the last three month period. Year-to-Date the stock performance stands at 62.36%.
RSP Permian (RSPP) : Currently there are 19 street experts covering RSP Permian (RSPP) stock. The most bullish and bearish price target for the stock is $50 and $33 respectively for the short term. The average price target of all the analysts comes to $44.11. The estimated standard deviation from the target is $4.
RSP Permian (NYSE:RSPP): stock turned positive on Friday. Though the stock opened at $39.1, the bulls momentum made the stock top out at $39.89 level for the day. The stock recorded a low of $38.83 and closed the trading day at $39.6, in the green by 2.01%. The total traded volume for the day was 915,606. The stock had closed at $38.82 in the previous days trading.
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.