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Fly News Breaks for October 17, 2016
RSPP
Oct 17, 2016 | 07:21 EDT
RBC Capital analyst Scott Hanold believes that RSP Permian's acquisition of Silver Hill "is transformational but more importantly accretive." Hanold says that the deal immediately improves RSP's position in the Permian, while providing it with "a large depth of inventory with attractive economic potential." He thinks that the deal is 5% accretive to the company's 2017 EPS and raised his price target on the shares to $48 from $46 while keeping an Outperform rating on the name.
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