Q1 2018 Earnings Forecast for RSP Permian, Inc. (RSPP) Issued By KeyCorp

RSP Permian, Inc. (NYSE:RSPP) – Equities research analysts at KeyCorp raised their Q1 2018 earnings per share (EPS) estimates for RSP Permian in a report issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will earn $0.46 per share for the quarter, up from their previous forecast of $0.21. KeyCorp has a “Buy” rating and a $49.00 price objective on the stock. KeyCorp also issued estimates for RSP Permian’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.55 EPS, FY2018 earnings at $2.16 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.88 EPS and FY2019 earnings at $3.27 EPS.

RSPP has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Barclays lifted their price target 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. Northland Securities reiterated a “buy” rating and set a $52.00 price target on shares of RSP Permian in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, November 3rd. Finally, Jefferies Group reiterated a “buy” rating and set a $47.00 price target on shares of RSP Permian in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. RSP Permian presently has an average rating of “Buy” and a consensus price target of $45.87.

Shares of RSP Permian (NYSE:RSPP) traded down $0.12 during trading hours on Friday, hitting $36.87. 1,737,600 shares of the stock were exchanged, compared to its average volume of 2,019,942. The firm has a market capitalization of $5,866.59, a price-to-earnings ratio of 60.64, a PEG ratio of 1.77 and a beta of 2.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian has a 52 week low of $28.76 and a 52 week high of $46.92.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. RSP Permian’s revenue was up 115.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share.

In other RSP Permian news, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction 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 completion of the sale, the vice president now directly owns 203,598 shares of the company’s stock, valued at $7,588,097.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ted Collins, Jr. sold 21,000 shares of RSP Permian stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $34.78, for a total transaction of $730,380.00. Following the completion of the sale, the director now directly owns 8,094,851 shares of the company’s stock, valued at $281,538,917.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,973 shares of company stock worth $6,861,844. 15.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of RSPP. Third Point LLC increased its stake in RSP Permian by 92.5% in the second quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock valued at $124,240,000 after purchasing an additional 1,850,000 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of RSP Permian by 208.1% during the third quarter. Alyeska Investment Group L.P. now owns 2,015,071 shares of the oil and natural gas company’s stock worth $69,701,000 after acquiring an additional 1,361,049 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of RSP Permian by 38.3% during the second quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock worth $125,102,000 after acquiring an additional 1,073,137 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RSP Permian by 11.8% during the second quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after acquiring an additional 1,054,281 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of RSP Permian by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 1,322,262 shares of the oil and natural gas company’s stock worth $45,632,000 after acquiring an additional 819,846 shares in the last quarter. 86.24% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for RSP Permian (NYSE:RSPP)

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