Canaccord covered RSP Permian (NYSE:RSPP), upping its target price to $50.00 today
- Updated: October 17, 2016
RSP Permian (NYSE:RSPP) had its stock price target increased to $50.00 by Canaccord in a report issued 10/17/2016. The updated target price indicates a possible upside of 0.18% based on the company's previous stock price.
On 10/12/2016, Zacks Investment Research released a statement about RSP Permian (NYSE:RSPP) upped the target price from $0.00 to $47.00 that suggested an upside of 0.13%.
Having a price of $42.20, RSP Permian (NYSE:RSPP) traded 0.00% even on the day. With the last stock price up 19.89% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RSPP has recorded a 50-day average of $38.86 and a two hundred day average of $35.12. Trade Volume was down over the average, with 0 shares of RSPP changing hands under the typical 1,562,390
Recent Performance Chart
RSP Permian has with a one year low of $16.74 and a one year high of $43.30 and has a market capitalization of $0.
A total of 28 brokerages have released a report on RSP Permian. Seven brokerages rating the company a strong buy, nineteen brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $35.33.
General Company Details For RSP Permian (NYSE:RSPP)
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 operates through the oil and natural gas exploration and production industry in the United States segment. 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. 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. The Company's estimated proved oil and natural gas reserves are approximately 159.2 million barrels of oil equivalent (MMBoe). Of the Company's reserves, approximately 41% were classified as Proved developed producing.
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