1.21 is RSP Permian Inc’s (NYSE:RSPP) Institutional Investor Sentiment

June 13, 2018 - By Adrian Erickson

RSP Permian, Inc. (NYSE:RSPP) Logo

Sentiment for RSP Permian Inc (NYSE:RSPP)

RSP Permian Inc (NYSE:RSPP) institutional sentiment increased to 1.21 in 2018 Q1. Its up 0.04, from 1.17 in 2017Q4. The ratio is more positive, as 148 active investment managers increased and opened new stock positions, while 122 cut down and sold positions in RSP Permian Inc. The active investment managers in our partner’s database now possess: 130.18 million shares, down from 134.36 million shares in 2017Q4. Also, the number of active investment managers holding RSP Permian Inc in their top 10 stock positions decreased from 9 to 7 for a decrease of 2. Sold All: 40 Reduced: 82 Increased: 68 New Position: 80.

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 $6.68 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 28.1 P/E ratio.

The stock decreased 1.62% or $0.69 during the last trading session, reaching $41.87. About 436,098 shares traded. RSP Permian, Inc. (NYSE:RSPP) has risen 17.35% since June 13, 2017 and is uptrending. It has outperformed by 4.78% the S&P500.

Analysts await RSP Permian, Inc. (NYSE:RSPP) to report earnings on August, 6. They expect $0.56 earnings per share, up 229.41 % or $0.39 from last year’s $0.17 per share. RSPP’s profit will be $89.28 million for 18.69 P/E if the $0.56 EPS becomes a reality. After $0.50 actual earnings per share reported by RSP Permian, Inc. for the previous quarter, Wall Street now forecasts 12.00 % EPS growth.

Caymus Capital Partners L.P. holds 8.39% of its portfolio in RSP Permian, Inc. for 1.07 million shares. Cambrian Capital Limited Partnership owns 135,872 shares or 8.21% of their US portfolio. Moreover, Encompass Capital Advisors Llc has 5.15% invested in the company for 900,000 shares. The Texas-based Mitchell Group Inc has invested 4.86% in the stock. Sir Capital Management L.P., a New York-based fund reported 410,714 shares.

Since January 1, 0001, it had 0 insider purchases, and 5 insider sales for $10.39 million activity.

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

Ratings analysis reveals 52% of RSP Permian’s analysts are positive. Out of 21 Wall Street analysts rating RSP Permian, 11 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $46 while the high is $6900. The stock’s average target of $52.92 is 26.39% above today’s ($41.87) share price. RSPP was included in 42 notes of analysts from December 19, 2017. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, March 28. On Thursday, March 29 the stock rating was downgraded by Imperial Capital to “In-Line”. The firm has “Hold” rating by Raymond James given on Monday, April 2. The rating was maintained by Roth Capital with “Buy” on Monday, January 22. The firm earned “Buy” rating on Wednesday, March 14 by Piper Jaffray. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Market Perform” rating by Northland Capital on Thursday, March 29. Jefferies maintained the shares of RSPP in report on Wednesday, December 20 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, February 28 report. The company was maintained on Wednesday, January 24 by Morgan Stanley. As per Thursday, January 11, the company rating was maintained by BMO Capital Markets.

More news for RSP Permian, Inc. (NYSE:RSPP) were recently published by: Seekingalpha.com, which released: “The Play Between Energy, Economy And Technological Change” on June 01, 2018. Benzinga.com‘s article titled: “A Pair Trade In E&P: Bernstein Upgrades ConocoPhillips, Downgrades Concho” and published on June 08, 2018 is yet another important article.

RSP Permian, Inc. (NYSE:RSPP) Institutional Positions Chart

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