Roth Capital Upgrades RSP Permian, Inc. (RSPP) to Buy

Roth Capital upgraded RSP Permian, Inc. (NYSE: RSPP) from Neutral to Buy with a price target of $27.50 (from $29.35).

Analyst John White commented, "Due to our lower forecast for the prices of WTI crude oil and Henry Hub natural gas, we are lowering our target price from $29.35 to $27.50. We are lowering our estimates (shown on page 3) for these commodity prices due to continued over-supply in both markets. However, the shares traded sharply lower yesterday and closed at $22.76, presenting 20% of upside to our price target, therefore, our rating is changed to Buy."

For an analyst ratings summary and ratings history on RSP Permian, Inc. click here. For more ratings news on RSP Permian, Inc. click here.

Shares of RSP Permian, Inc. closed at $22.76 yesterday.

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