RSP Permian (NYSE:RSPP) has been assigned a $52.00 target price by stock analysts at KeyCorp in a report released on Sunday. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. KeyCorp’s price target points to a potential upside of 25.85% from the stock’s current price.

A number of other brokerages also recently issued reports on RSPP. Zacks Investment Research downgraded shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Royal Bank of Canada increased their target price on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Roth Capital increased their target price on shares of RSP Permian from $44.00 to $50.50 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets reissued a “buy” rating and set a $51.00 target price on shares of RSP Permian in a research report on Thursday, January 11th. Finally, Northland Securities reissued a “buy” rating and set a $52.00 target price on shares of RSP Permian in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.75.

Shares of RSP Permian (NYSE RSPP) traded up $0.23 during mid-day trading on Friday, reaching $41.32. 971,100 shares of the company’s stock were exchanged, compared to its average volume of 1,856,608. RSP Permian has a twelve month low of $28.76 and a twelve month high of $44.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market cap of $6,750.00, a P/E ratio of 68.87, a price-to-earnings-growth ratio of 0.75 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $201.34 million. During the same period in the prior year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was up 115.5% compared to the same quarter last year. research analysts predict that RSP Permian will post 0.81 earnings per share for the current fiscal year.

In other RSP Permian news, VP Erik B. Daugbjerg sold 19,973 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.27, for a total value of $744,393.71. Following the sale, the vice president now directly owns 203,598 shares in the company, valued at approximately $7,588,097.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wallace Family Partnership, Lp sold 32,623 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $42.52, for a total transaction of $1,387,129.96. The disclosure for this sale can be found here. Insiders have sold a total of 203,596 shares of company stock worth $7,801,254 over the last 90 days. 15.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its stake in 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 worth $139,000 after purchasing an additional 1,705 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in RSP Permian in the 2nd quarter worth approximately $210,000. GSA Capital Partners LLP purchased a new stake in RSP Permian in the 2nd quarter worth approximately $225,000. Fieldpoint Private Securities LLC purchased a new stake in RSP Permian in the 3rd quarter worth approximately $233,000. Finally, Teton Advisors Inc. purchased a new stake in RSP Permian in the 3rd quarter worth approximately $256,000. Institutional investors and hedge funds own 86.20% of the company’s stock.

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About RSP Permian

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.

Analyst Recommendations for RSP Permian (NYSE:RSPP)

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