Q3 2018 EPS Estimates for RSP Permian Increased by Analyst (RSPP)

RSP Permian (NYSE:RSPP) – Equities research analysts at US Capital Advisors increased their Q3 2018 earnings per share (EPS) estimates for shares of RSP Permian in a research note issued on Monday, April 23rd. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $0.64 for the quarter, up from their previous estimate of $0.60. US Capital Advisors also issued estimates for RSP Permian’s Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.32 EPS, Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.84 EPS, Q1 2020 earnings at $0.75 EPS and FY2020 earnings at $3.14 EPS.

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RSP Permian (NYSE:RSPP) last announced its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $249.02 million for the quarter, compared to the consensus estimate of $246.71 million. RSP Permian had a net margin of 28.88% and a return on equity of 3.07%.



A number of other analysts also recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $51.00 price target on shares of RSP Permian in a report on Thursday, January 11th. Credit Suisse Group set a $51.00 price target on shares of RSP Permian and gave the company a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Jefferies Group set a $51.00 price target on shares of RSP Permian and gave the company a “buy” rating in a report on Monday, March 19th. Morgan Stanley raised their price target on shares of RSP Permian from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Goldman Sachs downgraded shares of RSP Permian from a “conviction-buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.22.

Shares of NYSE RSPP opened at $48.62 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7,828.57, a PE ratio of 59.29, a P/E/G ratio of 0.65 and a beta of 1.67. RSP Permian has a 52-week low of $28.76 and a 52-week high of $50.00.

In other RSP Permian news, insider Wallace Family Partnership, Lp sold 62,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $48.95, for a total transaction of $3,059,375.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boston Partners raised its stake in RSP Permian by 20.1% during the 4th quarter. Boston Partners now owns 8,836,699 shares of the oil and natural gas company’s stock worth $359,476,000 after acquiring an additional 1,475,996 shares during the period. TIAA CREF Investment Management LLC raised its stake in RSP Permian by 8.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 5,522,496 shares of the oil and natural gas company’s stock worth $224,655,000 after acquiring an additional 419,316 shares during the period. Eagle Asset Management Inc. raised its stake in RSP Permian by 18.2% during the 4th quarter. Eagle Asset Management Inc. now owns 4,534,674 shares of the oil and natural gas company’s stock worth $183,598,000 after acquiring an additional 698,647 shares during the period. Millennium Management LLC raised its stake in RSP Permian by 97.9% during the 4th quarter. Millennium Management LLC now owns 4,529,224 shares of the oil and natural gas company’s stock worth $184,249,000 after acquiring an additional 2,240,454 shares during the period. Finally, Teachers Advisors LLC raised its stake in RSP Permian by 21.8% during the 4th quarter. Teachers Advisors LLC now owns 3,632,271 shares of the oil and natural gas company’s stock worth $147,761,000 after acquiring an additional 650,443 shares during the period. Institutional investors own 90.79% of the company’s stock.

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RSP Permian Company Profile

RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.

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

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