Brokerage Firm Rating on RSP Permian (RSPP)

For the next twelve months, the average of individual price target estimates submitted by covering sell-side analysts is $39.90. Past 5 years growth of RSP Permian Inc (NYSE:RSPP) observed at 0.00%, and for the next five years the analysts that follow this company are expecting its growth at 30.90%. 0 analysts have suggested “Sell” for the company. RSP Permian (NYSE:RSPP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. Zacks Investment Research upgraded RSP Permian from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, July 13th. The most expectant earnings per share estimate of the stock is set at $0.27 while the conservative estimates kept at $-0.35 over the current year. The company now has a consensus rating of “Buy” and a consensus price target of $36.38.

The Allstate Corporation (ALL) continued its upward trend with the stock climbing 0.48% or $0.33 to close the day at $69.17 on active trading volume of 2.19M shares, compared to its three month average trading volume of 1.81M. The company traded as low as $38.69 on the day. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In contrast, the average volume was 1732090 shares. The disclosure for this sale can be found here.

RSP Permian (NYSE:RSPP) opened at 38.19 on Wednesday. 449,171 shares of the company’s stock were exchanged. It is now trading 7.63% above its 20 day moving average and 17.43% above its 50 day moving average. The firm’s market capitalization is $3.99 billion.

The second-quarter net loss was $9.8 million, and the adjusted EBITDAX increased by 64% to $58.5 million as compared to first-quarter 2016.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 3/2016, the consensus mean EPS was $-0.13 while the company reported $-0.16 EPS on 5/2/2016 AMC with a difference of -0.03 marking a surprise factor of 23.08%. On average, equities analysts predict that RSP Permian will post ($0.15) earnings per share for the current fiscal year.

Several executives took part in recent insider activity for the stock.

06/15/2016 – Imperial Capital began new coverage on RSP Permian Inc giving the company a “outperform” rating. Dimensional Fund Advisors LP increased its position in shares of RSP Permian by 43.4% in the fourth quarter. Following the transaction, the Director, 10% Owner is left with a stake of 10,736,240 shares, now valued at $421934232. Van ECK Associates Corp bought a new position in shares of RSP Permian during the fourth quarter worth about $15,395,000. Cubist Systematic Strategies LLC increased its stake in RSP Permian by 253.4% in the fourth quarter.

05/03/2016 – RSP Permian Inc had its “buy” rating reiterated by analysts at Deutsche Bank.

RSP Permian, Inc is an independent oil and natural gas company 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. The companys Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products under the Allstate, Esurance, and Encompass brand names.