Barclays Remains a Buy on RSP Permian

By Austin Angelo

In a report issued on May 16, Jeffrey Robertson from Barclays maintained a Buy rating on RSP Permian (NYSE: RSPP), with a price target of $46. The company’s shares closed yesterday at $40.49.

According to, Robertson is a 4-star analyst with an average return of 3.3% and a 47.6% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Quicksilver Resources Inc, and Whiting Petroleum Corp.

Currently, the analyst consensus on RSP Permian is Strong Buy and the average price target is $53.32, representing a 31.7% upside.

In a report issued on May 2, Roth Capital also reiterated a Buy rating on the stock with a $64.50 price target.

RSP Permian’s market cap is currently $6.47B and has a P/E ratio of 224.94. The company has a book value ratio of 1.5599.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Mutrie, the V.P. and General Counsel of RSPP sold 11,000 shares for a total of $429,880.

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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.