William L. Moore
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William L. Moore in Insider trading,

Goldman Sachs Downgrades RSP Permian To Neutral, Removes From Conviction Buy List

Goldman Sachs downgraded RSP Permian Inc  to Neutral from Buy on valuation, while raising its price target by $1 to $39.

"RSPP's low break-even price should drive above-average oil production growth, however, we believe this upside is now better reflected in valuation subsequent to the firm's positive revisions to 2016 production and capital spending guidance," analyst John Nelson wrote in a note.

Nelson also updated his 2016/2017/2018 EPS estimates to -$0.09/$0.65/$1.26, from -$0.07/$0.50/$1.15, respectively.

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