RSP Permian, Inc. Common Stock (NYSE:RSPP):
RSP Permian, Inc. Announces Change in Timing of Third Quarter 2016 Financial and Operational Results and Conference Call.
The company is trading down from yesterday’s close of $37.88.
The stock last traded at $37.00 just below $38.89, the 50 day moving average and which is marginally higher than the 200 day moving average of $35.72. The 50 day moving average was down $-1.89 and the 200 day average moved up $1.28.
As of the last earnings report the EPS was $-0.40 and is expected to be $-0.17 for the current year with 101,642,000 shares outstanding. Next quarter’s EPS is estimated at $0.04 and the next full year EPS is anticipated to be $0.62.
A few brokerage analysts have released opinions on RSPP. On October 17 Nomura left the company rating at “Buy” but raised the price expectation from $30.00 to $48.00. On October 17 the stock rating was upgraded from “” to “Overweight” in a report issued by Stephens & Co..
Capital One Financial starting coverage on RSPP giving it an initial rating of “Overweight”. On September 13 analysts at FBR Capital started covering RSPP with a rating of “Outperform” and setting a price target of $55.00.
On August 24, 2016 Wells Fargo initiated coverage on the stock setting a rating of “Outperform”. August 15 investment analysts at Barclays kept the stock rating at “Equal-weight” and raised the price target to $43.00 from $24.00.