Barclays Reinstates RSP Permian, Inc. (RSPP) at Overweight

Barclays reinstates coverage on RSP Permian, Inc. (NYSE: RSPP) with a Overweight rating and a price target of $44.00.

Analyst Jeff Robertson views the recent acquisition of Silver Hill favorably and tells clients in a morning note that he thinks it "provides the scale and inventory runway" the company requires to maintain the generation of attractive production growth.

FY 2017 EPS estimate is for $0.78 and FY 2018 EPS estimate is for $1.62.

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 $38.69 yesterday.

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