Despite E&P Bloodbath, RSP Permian Rallies After 4Q Earnings (but Remains Severely Undervalued)
RSP Permian's fourth-quarter earnings were well-received by the market, with the stock gaining more than 7% on a very tough day for upstream stocks. After incorporating the firm's results, our fair value estimate has moved to $55 per share from $57 and is still more than 40% higher than the current price (even after the aforementioned rally).Investors should be aware that this valuation fully incorporates our bearish views on near-term crude prices. We maintain that U.S. shale growth will surpr...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.