In a report issued on July 9, Biju Perincheril from Susquehanna reiterated a Buy rating on RSP Permian (NYSE: RSPP), with a price target of $53. The company’s shares closed yesterday at $47.33.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
RSP Permian has an analyst consensus of Moderate Buy, with a price target consensus of $54.92.
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RSP Permian’s market cap is currently $7.55B and has a P/E ratio of 26.48. The company has a Price to Book ratio of 1.71.
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RSP Permian, Inc. is an oil and natural gas company, which focuses 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 was founded in October 2010 and is headquartered in Dallas, TX.
