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TheStreet downgraded RSP Permian Inc (NYSE:RSPP) to C in a report released today.

TheStreet has downgraded RSP Permian Inc (NYSE:RSPP) to C in a report released on 7/5/2017.

Just yesterday RSP Permian Inc (NYSE:RSPP) traded 0.31% higher at $31.44. RSP Permian Inc’s 50-day moving average is $32.75 and its 200-day moving average is $37.55. The last stock price is down -13.81% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 1,328,963 shares of RSPP traded hands, down from an average trading volume of 2,621,670

Recent Performance Chart

RSP Permian Inc (NYSE:RSPP)

RSP Permian Inc has 52 week low of $29.67 and a 52 week high of $46.92 with a PE ratio of 59.70 and has a market capitalization of $0.

In addition to TheStreet reporting its stock price target, a total of 28 brokerages have issued a ratings update on the company. The average stock price target is $35.33 with 7 brokerages rating the stock a strong buy, 19 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On RSP Permian Inc (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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