Roth Capital Downgrades RSP Permian to Hold

Roth Capital analyst John M. White downgraded RSP Permian (NYSE: RSPP) to Hold today. The company’s shares closed on Friday at $47.15, close to its 52-week high of $47.29.

According to TipRanks.com, White is ranked 0 out of 5 stars with an average return of -3.3% and a 47.6% success rate. White covers the Basic Materials sector, focusing on stocks such as Superior Drilling Products, Panhandle Oil and Gas, and SRC Energy Inc.

Currently, the analyst consensus on RSP Permian is Moderate Buy and the average price target is $52.23, representing a 10.8% upside.

In a report issued on April 2, Raymond James also downgraded the stock to Hold.

The company has a one-year high of $47.29 and a one-year low of $28.76. Currently, RSP Permian has an average volume of 3.79M.

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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.

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