Wunderlich Securities disclosed RSP Permian (NYSE:RSPP), stepping up its target to $51.00 earlier today
- Updated: October 16, 2016
Boasting a price of $42.20, RSP Permian (NYSE:RSPP) traded 1.08% higher on the day. With the last stock price close up 20.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. RSP Permian has recorded a 50-day average of $38.79 and a two hundred day average of $34.94. Volume of trade was up over the average, with 18,091,589 shares of RSPP changing hands over the typical 1,525,110
Wunderlich Securities bumped up the target of RSP Permian (NYSE:RSPP) to $51.00 indicating a possible upside of 0.21%.
Previously on 10/12/2016, Zacks Investment Research released a statement about RSP Permian (NYSE:RSPP) increased the target price from $0.00 to $47.00 that suggested an upside of 0.13%.
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RSP Permian has a with a one year low of $16.74 and a 52 week high of $42.72 RSP Permian’s market capitalization is currently $0.
A total of 28 analysts have released a research note on RSP Permian. Seven analysts 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.
Brief Synopsis About 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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