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RSP Permian Inc 25.3% Potential Upside Indicated by RBC Capital Mkts

RSP Permian Inc using SYMBOL code NYSE:RSPP has had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at RBC Capital Mkts. RSP Permian Inc are listed in the Energy sector within NYSE. RBC Capital Mkts have set their target price at 35 USD on its stock. This would imply the analyst believes there is a potential upside of 25.3% from today’s opening price of 27.93 USD. RSP Permian Inc NYSE:RSPP has a 50 day moving average of 28.16 USD and the 200 Day Moving Average price is recorded at 26.77 USD. The 52 week high share price is 33.67 USD while the year low stock price is currently 19.36 USD.

 

RSP Permian Inc NYSE:RSPP is 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 vast majority of its acreage is located on large, contiguous acreage blocks in the core of the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson and Ector. The Company is currently operating two horizontal rigs and one vertical rig. As of December 31, 2013, the Company produced from 24 horizontal and 338 vertical wells and was the operator of approximately 95% of its net acreage.

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