RSP Permian, Inc. Common Stock (NYSE:RSPP):
RSP Permian, Inc. Announces Timing of Third Quarter 2016 Financial and Operational Results and Conference Call.
In the market the company is trading down from yesterday’s close of $37.88.
Company chares are trading at $37.00 marginally under the 50 day moving average which is $38.89 and just above the 200 day moving average of $35.72. The 50 day moving average went down by -4.85% whereas the 200 day average was up by +3.57%.
In the last earnings report the EPS was $-0.40 and is estimated to be $-0.17 for the current year with 101,642,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.04 and the next full year EPS is projected to be $0.62.
Brokerage firms have released ratings on the company recently. October 17 investment analysts at Nomura maintained a company rating of “Buy” but raised the price expectation from $30.00 to $48.00. On October 17 the company was rated “Overweight” by Stephens & Co. which was a boost from the previous “” rating.
Equity analyst Capital One Financial added RSPP to its research portfolio setting a rating of “Overweight”. FBR Capital initiated coverage on the stock with a rating of “Outperform” and a price target of $55.00.
On August 24, 2016 Wells Fargo released its first research report on the stock by announcing an initial rating of “Outperform”. On August 15 Barclays kept the stock rating at “Equal-weight” and raised the price target to $43.00 from $24.00.