RSP Permian, Inc. RSPP is an independent oil and natural gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RSPP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that RSPP International could be a solid choice for investors.
Current Quarter Estimates for RSPP
In the past 60 days, nine estimates have gone higher for RSP Permian compared to three lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 25 cents a share 30 days ago, to 29 cents a share today, a move of 16%.
Current Year Estimates for RSPP
Meanwhile, RSP Permian’s current year figures are also looking quite promising, with seven estimates moving higher in the past two month, compared to five lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 79 cents per share 60 days ago to 81 cents per share today, an increase of 2.5%.
Bottom Line
The stock has also started to move higher lately, adding 16.61% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
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