The Brokerages Expect RSP Permian Inc (RSPP) to Announce $0.22 EPS

The Brokerages Expect RSP Permian Inc (RSPP) to Announce $0.22 EPS

According to Zacks, analysts expect that RSP Permian will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.70 to $1.80. For the next financial year, analysts expect that the company will report earnings of $1.63 per share, with EPS estimates ranging from $1.15 to $2.39. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for RSP Permian.

Analysts expect RSP Permian Inc (NYSE:RSPP) to announce $0.22 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for RSP Permian’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.16. RSP Permian posted earnings of ($0.04) per share in the same quarter last year, which suggests a positive year over year growth rate of 650%. The firm is expected to issue its next earnings report on Monday, August 14th.

RSP Permian (NYSE:RSPP) last posted its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The business earned $169.93 million during the quarter, compared to analyst estimates of $159.81 million. RSP Permian had a negative return on equity of 0.47% and a negative net margin of 15.43%. Several analysts recently issued reports on the company. Zacks Investment Research upgraded RSP Permian from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Saturday, March 4th. Barclays PLC reiterated an “overweight” rating and set a $44.00 target price on shares of RSP Permian in a research report on Wednesday, April 26th. Roth Capital set a $65.00 target price on RSP Permian and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus assumed coverage on RSP Permian in a research report on Wednesday, April 12th. They set a “buy” rating and a $46.00 target price for the company. Finally, Goldman Sachs Group Inc upgraded RSP Permian from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Tuesday, April 11th. Two research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. RSP Permian has a consensus rating of “Buy” and a consensus price target of $47.91.

RSP Permian (NYSE:RSPP) last posted its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The business earned $169.93 million during the quarter, compared to analyst estimates of $159.81 million. RSP Permian had a negative return on equity of 0.47% and a negative net margin of 15.43%. RSP Permian (NYSE:RSPP) traded up 3.73% on Wednesday, reaching $39.73. The company’s stock had a trading volume of 2,844,454 shares. The stock has a 50-day moving average of $39.38 and a 200-day moving average of $41.13. The stock’s market cap is $5.67 billion. RSP Permian has a one year low of $29.50 and a one year high of $46.92.

In other news, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $40.80, for a total value of $1,713,600.00. Following the completion of the sale, the director now directly owns 8,355,451 shares of the company’s stock, valued at approximately $340,902,400.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James E. Mutrie sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $39.08, for a total value of $429,880.00. Following the completion of the sale, the vice president now directly owns 51,627 shares of the company’s stock, valued at $2,017,583.16. The disclosure for this sale can be found here. Insiders sold a total of 105,000 shares of company stock valued at $4,171,660 over the last ninety days. Corporate insiders own 23.50% of the company’s stock. Several large investors have recently bought and sold shares of the stock. WFG Advisors LP raised its stake in RSP Permian by 724,900.0% in the fourth quarter. WFG Advisors LP now owns 7,250 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 7,249 shares during the last quarter. Friedberg Investment Management bought a new stake in RSP Permian during the fourth quarter valued at about $257,000. Pacer Advisors Inc. bought a new stake in RSP Permian during the third quarter valued at about $261,000. Aperio Group LLC raised its stake in RSP Permian by 18.5% in the third quarter. Aperio Group LLC now owns 7,116 shares of the oil and natural gas company’s stock valued at $276,000 after buying an additional 1,109 shares during the last quarter. Finally, Gideon Capital Advisors Inc. bought a new stake in RSP Permian during the fourth quarter valued at about $281,000. 63.34% of the stock is owned by institutional investors and hedge funds.

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.

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