It’s been a crucial week for RSP Permian, Inc. (NYSE:RSPP); here’s what analysts have to say.

December 14, 2017 - By Vivian Park

 It's been a crucial week for RSP Permian, Inc. (NYSE:RSPP); here's what analysts have to say.
Investors sentiment increased to 1.67 in 2017 Q2. Its up 0.62, from 1.05 in 2017Q1. It is positive, as 36 investors sold RSP Permian, Inc. shares while 52 reduced holdings. 62 funds opened positions while 85 raised stakes. 133.41 million shares or 11.48% more from 119.67 million shares in 2017Q1 were reported.
Two Creeks Management L P owns 2.23M shares or 4.38% of their US portfolio. Howard Hughes Med Institute reported 34,812 shares or 0.2% of all its holdings. Stevens Cap Management Limited Partnership accumulated 45,722 shares. Pnc Financial Services Group has 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 1,508 shares. Aperio Ltd Llc owns 17,908 shares or 0% of their US portfolio. Dimensional Fund Advsrs L P holds 2.35M shares or 0.03% of its portfolio. Bokf Na reported 0.01% stake. 32,620 were accumulated by Castleark Mgmt Ltd Com. Brinker Cap holds 0.02% of its portfolio in RSP Permian, Inc. (NYSE:RSPP) for 15,630 shares. Caxton Assoc Limited Partnership, a New Jersey-based fund reported 370,480 shares. Susquehanna Intl Llp owns 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 107,452 shares. Hsbc Pcl holds 0% or 20,523 shares in its portfolio. Moreover, Parkside Bank has 0.01% invested in RSP Permian, Inc. (NYSE:RSPP) for 1,124 shares. Envestnet Asset invested in 0% or 27,444 shares. Toronto Dominion Comml Bank reported 18 shares stake.

Since August 9, 2017, it had 0 insider purchases, and 5 selling transactions for $5.99 million activity. $1.46M worth of RSP Permian, Inc. (NYSE:RSPP) shares were sold by Collins Ted Jr. Another trade for 47,113 shares valued at $1.47 million was sold by Arrott Zane W..

RSP Permian, Inc. (NYSE:RSPP) Ratings Coverage

Among 34 analysts covering RSP Permian (NYSE:RSPP), 32 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. RSP Permian had 115 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 5 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, March 11 by Goldman Sachs. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Buy” rating given on Wednesday, December 2 by Deutsche Bank. The firm has “Outperform” rating given on Friday, January 29 by BMO Capital Markets. On Monday, October 17 the stock rating was maintained by Wunderlich with “Buy”. KeyBanc Capital Markets maintained RSP Permian, Inc. (NYSE:RSPP) on Monday, August 22 with “Overweight” rating. On Tuesday, October 3 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, September 14 report. On Monday, August 15 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Goldman Sachs downgraded RSP Permian, Inc. (NYSE:RSPP) rating on Wednesday, August 10. Goldman Sachs has “Neutral” rating and $39 target. Below is a list of RSP Permian, Inc. (NYSE:RSPP) latest ratings and price target changes.

11/12/2017 Broker: Credit Suisse Rating: Buy New Target: $44.0 Initiate
11/12/2017 Broker: Northland Capital Rating: Buy New Target: $48.0 Maintain
20/11/2017 Broker: Piper Jaffray Rating: Buy New Target: $41.0 Maintain
20/11/2017 Broker: Barclays Capital Rating: Overweight Old Target: $45 New Target: $48 Maintain
14/11/2017 Broker: BMO Capital Markets Rating: Buy New Target: $46.0 Maintain
13/11/2017 Broker: RBC Capital Markets Rating: Outperform Old Target: $43.00 New Target: $45.00 Maintain
10/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $45.0 Maintain
08/11/2017 Broker: BMO Capital Markets Rating: Buy New Target: $42.0 Maintain
23/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $49.0 Maintain
18/10/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $41 New Target: $46 Maintain

The stock decreased 0.27% or $0.1 during the last trading session, reaching $36.99. About 1.41 million shares traded. RSP Permian, Inc. (NYSE:RSPP) has risen 25.82% since December 14, 2016 and is uptrending. It has outperformed by 9.12% the S&P500.

RSP Permian, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The company has market cap of $5.87 billion. 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. It has a 59.18 P/E ratio.

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