06/15/2016 - Imperial Capital began new coverage on RSP Permian Inc giving the company a "outperform" rating.
Cabelas Inc (NYSE:CAB) shares now have a mean rating of 2.90 while 4 analysts have recommended the shares as "BUY", 0 commented as "OUTPERFORM" and 11 commented as "HOLD". Canaccord Genuity restated a buy rating and set a $50.00 price target (up previously from $42.00) on shares of RSP Permian in a report on Friday. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.
Out of 25 analysts covering RSP Permian (NYSE:RSPP), 20 rate it a "Buy", 0 "Sell", while 5 "Hold".
RSP Permian Inc are listed in the Energy sector within NYSE. The company rocked its 52-Week High of $42.72 on Oct 14, 2016 and touched its 52-Week Low of $16.74 on Jan 20, 2016. The company saw strong growth across multiple businesses, with loans, deposits and average daily revenue from fixed income products all up from the same quarter a year ago. The stock's market cap is $4.28 billion. (NYSE:RSPP) tinted loss of -0.21% (-0.09 points) to US$42.11. This year Company's Earnings per Share (EPS) growth is -705.60% and next year's EPS growth is 426.30%. Estimated total revenue for the third quarter of 2016, based on management's preliminary analysis, was approximately $22.2 million, a decrease of 23% from $28.6 million in the third quarter of 2015. For the next 5 years, RSP Permian, Inc.is expecting Growth of 36.56% per annum, whereas in the past 5 years the growth was 0% per annum. Ted Collins, Jr is one of the largest insider shareholders in RSP Permian, Inc. The difference between the expected and actual EPS was $0/share, which represents an Earnings surprise of 0%. RSP Permian, Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 68.07. At present, 7 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The stock was sold at an average price of $33.77, for a total value of $709,170.00. Following the completion of the sale, the director now directly owns 8,590,088 shares of the company's stock, valued at $292,406,595.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth V. Huseman purchased 2,000 shares of the stock in a transaction dated Thursday, August 11th.
Several large investors have recently modified their holdings of the stock. The stock is a Buy among 2 brokerage firms polled by Factset Research. Finally, Amalgamated Bank boosted its stake in shares of RSP Permian by 21.8% in the second quarter.
The company on October 13, 2016 reported that it has priced an underwritten public offering of 22,000,000 shares of its common stock at $39.75 a share.
Investors interested in trading RSPP stock at the current market price of $41.59/share should know the company will next release quarterly results for the December 2016 quarter.
06/21/2016 - RSP Permian Inc had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. Following the transaction, the vice president now directly owns 387,837 shares of the company's stock, valued at approximately $15,032,562.12.
RSP Permian, Inc., incorporated on September 30, 2013, is an independent oil and natural gas firm focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.