Today’s Stock On Watch: RSP Permian Inc’s Stock Is Buy After Making 52-Week High

Today's Stock On Watch: RSP Permian Inc's Stock Is Buy After Making 52 Week High

The stock of RSP Permian Inc (NYSE:RSPP) hit a new 52-week high and has $45.92 target or 7.00% above today’s $42.92 share price. The 5 months bullish chart indicates low risk for the $5.33 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $45.92 price target is reached, the company will be worth $373.10 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.22M shares traded hands. RSP Permian Inc (NYSE:RSPP) has risen 22.26% since April 27, 2016 and is uptrending. It has outperformed by 17.03% the S&P500.

Analysts await RSP Permian Inc (NYSE:RSPP) to report earnings on February, 22. They expect $0.05 EPS, down 58.33% or $0.07 from last year’s $0.12 per share. RSPP’s profit will be $6.21M for 214.60 P/E if the $0.05 EPS becomes a reality. After $-0.01 actual EPS reported by RSP Permian Inc for the previous quarter, Wall Street now forecasts -600.00% EPS growth.

RSP Permian Inc (NYSE:RSPP) Ratings Coverage

Out of 25 analysts covering RSP Permian (NYSE:RSPP), 20 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 80% are positive. $55 is the highest target while $21 is the lowest. The $36.88 average target is -14.07% below today’s ($42.92) stock price. RSP Permian has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, September 11 report. The stock of RSP Permian Inc (NYSE:RSPP) has “Buy” rating given on Tuesday, March 29 by Goldman Sachs. The stock of RSP Permian Inc (NYSE:RSPP) earned “Market Perform” rating by Cowen & Co on Wednesday, December 9. The firm has “Outperform” rating given on Tuesday, September 13 by FBR Capital. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, August 14. The firm has “Outperform” rating given on Friday, October 9 by Iberia Capital Partners. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Buy”. The stock of RSP Permian Inc (NYSE:RSPP) earned “Buy” rating by Roth Capital on Tuesday, October 13. The stock of RSP Permian Inc (NYSE:RSPP) earned “Neutral” rating by Goldman Sachs on Wednesday, August 10. The company was initiated on Thursday, October 6 by CapitalOne.

According to Zacks Investment Research, “RSP Permian, Inc. is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves primarily in the Permian Basin of West Texas. RSP Permian, Inc. is based in Dallas, United States.”

Insitutional Activity: The institutional sentiment decreased to 1.39 in 2016 Q2. Its down 0.08, from 1.47 in 2016Q1. The ratio is negative, as 22 funds sold all RSP Permian Inc shares owned while 53 reduced positions. 40 funds bought stakes while 70 increased positions. They now own 86.99 million shares or 1.23% less from 88.07 million shares in 2016Q1.
Waddell & Reed holds 1.60 million shares or 0.12% of its portfolio. Boothbay Fund Mngmt Ltd Llc holds 0.23% of its portfolio in RSP Permian Inc (NYSE:RSPP) for 13,717 shares. California State Teachers Retirement, a California-based fund reported 165,204 shares. Van Eck Associate owns 613,900 shares or 0.11% of their US portfolio. The California-based Tcw has invested 0% in RSP Permian Inc (NYSE:RSPP). Lord Abbett And Llc accumulated 27,338 shares or 0% of the stock. Moreover, Adams Natural Resource Fund Inc has 0.81% invested in RSP Permian Inc (NYSE:RSPP) for 147,000 shares. Bocage Lc has invested 6.26% of its portfolio in RSP Permian Inc (NYSE:RSPP). Samlyn Capital Ltd Company has 400,024 shares for 0.33% of their US portfolio. Qcm Cayman Ltd accumulated 0.11% or 7,342 shares. The New York-based Morgan Stanley has invested 0% in RSP Permian Inc (NYSE:RSPP). Moreover, Goldman Sachs Gru Inc has 0.03% invested in RSP Permian Inc (NYSE:RSPP) for 2.47M shares. White Pine Limited Company accumulated 0.19% or 13,075 shares. Rr Advsr Limited last reported 160,000 shares in the company. Driehaus Management Ltd Llc accumulated 25,047 shares or 0.03% of the stock.

Insider Transactions: Since June 8, 2016, the stock had 1 insider buy, and 15 insider sales for $11.46 million net activity. 42,000 shares were sold by Collins Ted Jr, worth $1.65 million on Monday, August 22. Huck William sold $216,528 worth of stock or 6,000 shares. Another trade for 2,000 shares valued at $75,520 was made by HUSEMAN KENNETH V on Thursday, August 11. The insider Daugbjerg Erik B sold 17,500 shares worth $632,275.

More recent RSP Permian Inc (NYSE:RSPP) news were published by: Forbes.com which released: “RSP Permian Pays High Price For West Texas Properties” on October 14, 2016. Also Prnewswire.com published the news titled: “RSP Permian, Inc. Completes First Part of Silver Hill Energy Partners Transaction” on November 28, 2016. Prnewswire.com‘s news article titled: “RSP Permian, Inc. Announces Retirement of Tamara Pollard, Executive Vice …” with publication date: April 25, 2016 was also an interesting one.

RSPP Company Profile

RSP Permian, Inc., incorporated on September 30, 2013, is an independent oil and natural gas firm 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 Firm operates through the oil and natural gas exploration and production industry in the United States segment. The Company’s 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.

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