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A report released earlier today by RBC Capital Markets about RSP Permian (NYSE:RSPP) raises the target price to $45.00

Reporting a possible upside of 0.21%, RBC Capital Markets increased the stock price target of RSP Permian (NYSE:RSPP) to $45.00

On Wednesday October 11, 2017, Barclays Capital released a statement on RSP Permian (NYSE:RSPP) bumped up the target price from $38.00 to $45.00 that suggested an upside of 0.30%.

Boasting a price of $37.13, RSP Permian (NYSE:RSPP) traded 3.19% higher on the day. With the last close up -3.81% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. RSP Permian has recorded a 50-day average of $32.98 and a two hundred day average of $34.33. Volume of trade was down over the average, with 1,665,618 shares of RSPP changing hands under the typical 2,048,160

Performance Chart

RSP Permian (NYSE:RSPP)

With a total market value of $0, RSP Permian has price-earnings ratio of 60.92 with a one year low of $28.76 and a one year high of $46.92 .

A total of 28 equity analysts have issued a research note on the company. 7 brokers rating the stock a strong buy, 19 firms rating the stock a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $35.33.

More About RSP Permian (NYSE:RSPP)

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. The Midland Basin properties are primarily in the adjacent counties of Midland, Martin, Andrews, Ector, Glasscock and Dawson. The Delaware Basin properties are in Loving and Winkler counties. The Company has drilled Lower Spraberry horizontal well and a Middle Spraberry horizontal well in the Permian Basin. In addition, it has also drilled a Wolfcamp B horizontal well in the North Midland Basin.

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