RMP Energy Inc (TSE:RMP) Given Consensus Recommendation of “Hold” by Brokerages
Shares of RMP Energy Inc (TSE:RMP) have been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the company. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$1.58.
Several research firms recently commented on RMP. Raymond James Financial Inc. lowered their target price on RMP Energy from C$1.65 to C$1.40 and set an “outperform” rating on the stock in a research report on Saturday, August 6th. National Bank Financial lowered their target price on RMP Energy from C$1.75 to C$1.50 in a research report on Wednesday, August 3rd. Desjardins restated a “hold” rating and issued a C$1.25 target price on shares of RMP Energy in a research report on Tuesday, August 16th. CIBC lowered their target price on RMP Energy from C$1.65 to C$1.00 in a research report on Saturday, August 6th. Finally, FirstEnergy Capital lowered their target price on RMP Energy from C$1.80 to C$1.40 in a research report on Tuesday, August 23rd.
RMP Energy (TSE:RMP) traded down 2.91% during trading on Monday, hitting $1.00. The stock had a trading volume of 1,184,331 shares. The firm’s 50-day moving average price is $0.99 and its 200-day moving average price is $1.24. The stock’s market cap is $150.97 million. RMP Energy has a 1-year low of $0.90 and a 1-year high of $2.14.
About RMP Energy
RMP Energy Inc is a Canada-based independent crude oil and natural gas company. The Company is engaged in the exploration for, development and production of crude oil, natural gas and natural gas liquids (NGLs) reserves in the Western Canadian Sedimentary Basin within the province of Alberta, Canada.
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