RSP Permian (RSPP) : During the past 4 weeks, traders have been relatively bearish on RSP Permian (RSPP), hence the stock is down -6.01% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.82% relative to the S&P 500. The 4-week change in the price of the stock is -7.92% and the stock has fallen -3.31% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.96% and the 50-Day Moving Average is 0.03%.The 200 Day SMA reached 23.32% RSP Permian, Inc. is up 7.53% in the last 3-month period. Year-to-Date the stock performance stands at 52.15%.
RSP Permian (RSPP) : 20 investment research analysts covering RSP Permian (RSPP) have an average price target of $44.45 for the near short term. The highest target price given by the Brokerage Firm to the stock is $55 and the lowest target is $33 for the short term. Analysts expect the variance to be within $4.71 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. RSP Permian (NYSE:RSPP): stock was range-bound between the intraday low of $35.97 and the intraday high of $37.15 after having opened at $35.98 on Fridays session. The stock finally closed in the red at $35.98, a loss of -0.19%. The stock remained in the red for the whole trading day. The total traded volume was 1,313,233 shares. The stock failed to cross $37.15 in Fridays trading. The stocks closing price on Thursday was $37.11.
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.