RSP Permian (RSPP) : The consensus on RSP Permian (RSPP) based on 20 analyst recommendation on the company stock is 1.4, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 15 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
RSP Permian (RSPP) : The most positive equity analysts on RSP Permian (RSPP) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $44.11 with an expected fluctuation of $4 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Wells Fargo initiates coverage on RSP Permian (NYSE:RSPP) The current rating of the shares is Outperform. The rating by the firm was issued on August 24, 2016.
RSP Permian (NYSE:RSPP): The stock opened at $40.08 and touched an intraday high of $40.1889 on Wednesday. During the day, the stock corrected to an intraday low of $39.41, however, the bulls stepped in and pushed the price higher to close in the green at $39.92 with a gain of 0.20% for the day. The total traded volume for the day was 752,746. The stock had closed at $39.84 in the previous trading session.
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.