Analysts predict that RSP Permian Inc (NYSE:RSPP) will report earnings of $0.18 per share for the current quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for RSP Permian’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.10. RSP Permian reported earnings of ($0.01) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1,900%. The firm is expected to announce its next earnings report after the market closes on Monday, November 6th.
According to Zacks, analysts expect that RSP Permian will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.98. For the next financial year, analysts forecast that the company will report earnings of $1.24 per share, with EPS estimates ranging from $0.49 to $1.86. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover RSP Permian.
RSP Permian (NYSE:RSPP) last announced its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $183.10 million during the quarter, compared to the consensus estimate of $185.01 million. RSP Permian had a net margin of 16.98% and a return on equity of 3.00%. The business’s revenue was up 124.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) EPS.
Several research firms recently weighed in on RSPP. Stifel Nicolaus set a $43.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, October 11th. Barclays PLC upped their price objective on shares of RSP Permian from $38.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price objective on shares of RSP Permian in a report on Tuesday, October 10th. Finally, Williams Capital reduced their price objective on shares of RSP Permian from $45.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.83.
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Shares of RSP Permian (NYSE RSPP) traded down 2.340% during trading on Friday, hitting $32.765. 1,584,848 shares of the stock were exchanged. The stock has a 50-day moving average of $32.96 and a 200 day moving average of $34.56. The stock has a market cap of $5.20 billion, a P/E ratio of 60.452 and a beta of 2.17. RSP Permian has a 12-month low of $28.76 and a 12-month high of $46.92.
In other news, Director Ted Collins, Jr. sold 21,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $32.65, for a total value of $685,650.00. Following the transaction, the director now owns 8,178,851 shares in the company, valued at approximately $267,039,485.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Zane W. Arrott sold 47,113 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $31.29, for a total value of $1,474,165.77. Following the completion of the transaction, the chief operating officer now owns 86,614 shares in the company, valued at approximately $2,710,152.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 248,560 shares of company stock worth $8,060,453. Corporate insiders own 15.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in shares of RSP Permian by 65.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after purchasing an additional 1,705 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new position in shares of RSP Permian in the 2nd quarter valued at about $210,000. Sentry Investment Management LLC acquired a new position in shares of RSP Permian in the 2nd quarter valued at about $210,000. GSA Capital Partners LLP acquired a new position in shares of RSP Permian in the 2nd quarter valued at about $225,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of RSP Permian by 4.3% in the 1st quarter. Teacher Retirement System of Texas now owns 8,091 shares of the oil and natural gas company’s stock valued at $335,000 after purchasing an additional 331 shares during the period. Institutional investors own 86.57% of the company’s stock.
RSP Permian Company Profile
RSP Permian, Inc is an independent oil and natural gas company. The Company is engaged 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’s properties are located on contiguous acreage blocks in the Midland Basin, and the Delaware Basin, both sub-basins of the Permian Basin.
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