Economy

RSP Permian (RSPP) Receives "Buy" Rating from Piper Jaffray Companies

In other RSP Permian news, VP Erik B. Daugbjerg sold 19,973 shares of the company's stock in a transaction dated Monday, December 4th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Peconic Partners Llc who had been investing in Rsp Permian Inc for a number of months, seems to be less bullish one the $6.58 billion market cap company.

The stock decreased 0.53% or $0.53 during the last trading session, reaching $98.78. About 2.61M shares traded or 35.81% up from the average.

RSP Permian, Inc. on 9/29/2017 reported its EPS as $0.1 with the analysts projecting the EPS of the stock as $0.05. It has underperformed by 17.56% the S&P500. Cardinal Capital Management Llc bought 75,202 shares as the company's stock declined 5.27% while stock markets rallied. The institutional investor held 3.40 million shares of the energy company at the end of 2017Q3, valued at $117.61M, up from 2.86M at the end of the previous reported quarter. About 902,330 shares traded. It has outperformed by 18.30% the S&P500.

Investors sentiment decreased to 1.28 in 2017 Q3. Its up 0.57, from 1.48 in 2017Q2. Northland Securities reiterated a buy rating and set a $52.00 price target on shares of RSP Permian in a research note on Wednesday, November 1st.

Analysts are also projecting an Average Revenue Estimate for RSP Permian, Inc.as $240500 in the Current Quarter. (NYSE:RSPP). Boothbay Fund Mgmt Ltd Liability reported 20,645 shares. Eagle Limited Liability has invested 1.75% in Accenture plc (NYSE:ACN). (NYSE:RSPP). 240,722 were accumulated by Bluecrest Capital Mngmt. The Foster & Motley Inc holds 16,121 shares with $1.39 million value, up from 12,275 last quarter. Linscomb And Williams has 15,628 shares. Vanguard Group Inc. raised its holdings in RSP Permian by 11.8% in the 2nd quarter.

RSP Permian (NYSE:RSPP) last released its quarterly earnings results on Monday, November 6th. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company's stock worth $125,102,000 after purchasing an additional 1,073,137 shares in the last quarter. RSP Permian had 119 analyst reports since July 21, 2015 according to SRatingsIntel. Wedbush initiated Accenture plc (NYSE:ACN) rating on Friday, September 9. We have $4.84 PT which if reached, will make NYSE:DSX worth $38.01M more.

Both investors and stock traders are looking at technical indicators for the stocks of Riot Blockchain, Inc. (NYSE:RSPP) or 12,447 shares.

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. Nationwide Fund has 0.09% invested in Accenture plc (NYSE:ACN) for 174,334 shares. (NYSE:RSPP). Dekabank Deutsche Girozentrale holds 14,000 shares or 0% of its portfolio. Therefore 94% are positive. Durect had 6 analyst reports since April 25, 2016 according to SRatingsIntel. The 20-day Stochastic %k measure, which sits at 86.35%, tells a different story, and suggests that RSPP now trades in overbought territory. Cipher Capital LP increased its stake in RSP Permian by 54.7% in the 2nd quarter. Wunderlich maintained the stock with "Buy" rating in Tuesday, June 14 report. The firm has "Buy" rating by RBC Capital Markets given on Friday, November 10. The firm has "Outperform" rating given on Friday, November 13 by Credit Agricole. The firm has "Buy" rating by KeyBanc Capital Markets given on Thursday, September 28.

Since August 9, 2017, it had 0 insider purchases, and 7 sales for $8.66 million activity. In current trading day RSP Permian, Inc. (NYSE:RSPP) might see strength given an ABR of 1.8 or Buy rating.

3G Capital Partners Lp, which manages about $11.34 billion and $1.08 billion US Long portfolio, decreased its stake in Southern Copper Corp (NYSE:SCCO) by 50,000 shares to 250,000 shares, valued at $9.94M in 2017Q3, according to the filing. It also reduced its holding in Altice Usa Inc by 300,000 shares in the quarter, leaving it with 1.38 million shares, and cut its stake in Teck Resources Ltd (Call) (NYSE:TCK). Six investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Therefore 54% are positive. Goldman Sachs downgraded it to "Neutral" rating and $39 target in Wednesday, August 10 report. The firm has "Hold" rating given on Friday, July 7 by RBC Capital Markets. The firm set an "outperform" rating and a $46.00 price target on the oil and natural gas company's stock. Cipher Capital LP now owns 82,238 shares of the oil and natural gas company's stock worth $2,654,000 after buying an additional 29,094 shares during the period.

Investors sentiment increased to 1.13 in Q3 2017. Its down 0.05, from 1.05 in 2017Q2. It fall, as 35 investors sold RSP Permian, Inc. shares while 59 reduced holdings. 30 funds opened positions while 64 raised stakes. CEI's free cash flow ("FCF") per share for the trailing twelve months was -0.01. Midas has invested 1.42% in Accenture plc (NYSE:ACN). Moreover, Baldwin Brothers Ma has 0% invested in Kirby Corporation (NYSE:KEX) for 350 shares. Guggenheim Ltd Co holds 76,348 shares or 0.01% of its portfolio. Legal General Group Public Limited Co stated it has 25,451 shares. 3,151 are owned by Burt Wealth Advsrs. Kirby Corporation (NYSE:KEX) has declined 0.86% since January 10, 2017 and is downtrending. Castleark Limited Liability Corp, a Illinois-based fund reported 120,650 shares. Nuveen Asset Mgmt Ltd Liability Corporation holds 0.01% or 56,824 shares in its portfolio. Community Financial Bank Na holds 7,605 shares. Bragg Fincl Advsr accumulated 13,035 shares.



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