UBS Upgrades RSP Permian Inc to Buy

Brokerage firm UBS Upgrades its rating on RSP Permian Inc(RSPP). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at UBS was issued on Mar 23, 2017 in a research report to their Investors and Clients.

RSP Permian Inc (RSPP) made into the market gainers list on Fridays trading session with the shares advancing 0.18% or 0.07 points. Due to strong positive momentum, the stock ended at $38.65, which is also near the day’s high of $39.06. The stock began the session at $38.74 and the volume stood at 8,24,301 shares. The 52-week high of the shares is $46.92 and the 52 week low is $27.14. The company has a current market capitalization of $6,131 M and it has 15,86,22,650 shares in outstanding.

RSP Permian Inc(RSPP) last announced its earnings results on Feb 27, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $120.536M. Analysts had an estimated revenue of $123.120M. Earnings per share were $0.1. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, William Huck (VP, Operations) sold 6,000 shares at $39.43 per share price.Also, On Mar 10, 2017, Ted Jr Collins (director 10% owner) sold 42,000 shares at $39.33 per share price.On Mar 7, 2017, Scott K. Mcneill (Chief Financial Officer) sold 50,000 shares at $40.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s properties are located on contiguous acreage blocks in the Midland Basin a sub-basin of the Permian Basin primarily in the adjacent counties of Midland Martin Andrews Dawson Ector and Glasscock. As of December 31 2014 the Company has participated in the completion of 92 horizontal wells 45 of which the Company operated. Of these operated horizontal wells three are Wolfcamp A wells 17 are Wolfcamp B wells two are Wolfcamp D wells nine are Middle Spraberry wells 14 are Lower Spraberry wells.

Add Comment