Stifel Nicolaus set a $48.00 price target on RSP Permian (NYSE:RSPP) in a report published on Tuesday morning. The brokerage currently has a hold rating on the oil and natural gas company’s stock.

Other equities analysts have also recently issued reports about the stock. Northland Securities cut shares of RSP Permian from an outperform rating to a hold rating and set a $50.00 price target for the company. in a research note on Thursday, March 29th. Jefferies Group cut shares of RSP Permian from a buy rating to a hold rating and set a $51.00 price target for the company. in a research note on Thursday, March 29th. Goldman Sachs downgraded RSP Permian from a conviction-buy rating to a neutral rating and set a $63.00 price objective for the company. in a report on Thursday, March 29th. Raymond James reissued a market perform rating on shares of RSP Permian in a report on Monday, April 2nd. Finally, ValuEngine downgraded RSP Permian from a hold rating to a sell rating in a report on Saturday, April 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $51.22.

Shares of RSPP opened at $48.82 on Tuesday. The company has a market cap of $7,752.04, a PE ratio of 59.54, a price-to-earnings-growth ratio of 0.63 and a beta of 1.67. RSP Permian has a twelve month low of $28.76 and a twelve month high of $50.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.72 and a quick ratio of 0.72.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $249.02 million during the quarter, compared to analysts’ expectations of $246.71 million. RSP Permian had a net margin of 28.88% and a return on equity of 3.07%. sell-side analysts expect that RSP Permian will post 2.32 EPS for the current fiscal year.

In other RSP Permian news, insider Wallace Family Partnership, Lp sold 62,500 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $48.95, for a total transaction of $3,059,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. American International Group Inc. acquired a new stake in RSP Permian during the 4th quarter valued at $119,000. Cerebellum GP LLC acquired a new stake in shares of RSP Permian during the fourth quarter worth $130,000. Cadence Capital Management LLC acquired a new stake in shares of RSP Permian during the fourth quarter worth $206,000. CIBC Asset Management Inc acquired a new stake in shares of RSP Permian during the fourth quarter worth $217,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of RSP Permian by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,156 shares of the oil and natural gas company’s stock worth $291,000 after buying an additional 1,976 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

About RSP Permian

RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. 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; and in Loving and Winkler counties of the Delaware Basin.

Analyst Recommendations for RSP Permian (NYSE:RSPP)

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