Stocks in the News: RSP Permian, Inc. (NYSE:RSPP)


RSP Permian, Inc. (NYSE:RSPP) added 14.66% and closed its last session at $44.65. The stock has the market capitalization of $5.67 Billion with the total outstanding shares of 126.94 Million. RSP Permian, Inc.. has Analysts’ Mean Recommendation of 1.39 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 68.8.

RSP Permian, Inc. (NYSE:RSPP) touched its 52-Week High of $45.05 on Oct 17, 2016 while it’s 52-Week Low of $16.74 on Jan 20, 2016. The company currently has Return on Assets of -1.6 percent, Return on Equity of -2.5% and Return on Investment of 0.2 percent. The stock currently showing Weekly Volatility of 4.53%% and Monthly Volatility of 3.99% Percent with Average True Range of 1.88 and Beta of 0.

The 29 analysts offering 12-month price forecasts for RSP Permian Inc have a median target of 51.00, with a high estimate of 64.50 and a low estimate of 38.00. The median estimate represents a +14.22% increase from the last price of 44.65.

Press Release:

The Company on 29 November declared that Steve Gray, Chief Executive Officer and co-founder of RSP, has received the EY (Ernst & Young) Entrepreneur Of The Year® 2016 National Award in the Energy, Cleantech and Natural Resources category.

Mr. Gray was selected as one of eleven category winners by a panel of independent judges from more than 1,700 applicants nationwide, and the award was presented at EY’s Strategic Growth Forum in Palm Springs, California on November 19th.

Now in its 30th year, the award honors entrepreneurs whose ingenuity, spirit of innovation and discipline have propelled their companies’ success, invigorated their industries and benefited their communities. The program has honored the inspirational leadership of entrepreneurs such as Howard Schultz of Starbucks Coffee Company, Robert Unanue of Goya Foods and Mindy Grossman of HSN.

Company Profile:

RSP Permian, Inc. is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves primarily in the Permian Basin of West Texas. RSP Permian, Inc. is based in Dallas, United States.