FY2016 Earnings Estimate for RMP Energy Inc (RMP) Issued By Clarus Securities
RMP Energy Inc (TSE:RMP) – Equities research analysts at Clarus Securities reduced their FY2016 earnings per share (EPS) estimates for RMP Energy in a report issued on Tuesday. Clarus Securities analyst R. Pare now forecasts that the brokerage will post earnings of ($0.17) per share for the year, down from their prior forecast of ($0.16).
A number of other research analysts also recently commented on RMP. Raymond James Financial Inc. dropped their price objective on RMP Energy from C$1.65 to C$1.40 and set an “outperform” rating on the stock in a report on Saturday, August 6th. Desjardins set a C$1.30 price objective on RMP Energy and gave the company a “hold” rating in a report on Saturday, August 6th. CIBC dropped their price objective on RMP Energy from C$1.65 to C$1.00 in a report on Saturday, August 6th. Canaccord Genuity downgraded RMP Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$2.50 to C$1.50 in a report on Saturday, August 6th. Finally, Dundee Securities dropped their price objective on RMP Energy from C$2.45 to C$1.75 in a report on Tuesday, November 1st. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$1.49.
RMP Energy (TSE:RMP) traded up 2.86% during midday trading on Thursday, hitting $0.72. The company had a trading volume of 752,149 shares. RMP Energy has a 12 month low of $0.62 and a 12 month high of $1.97. The company’s market cap is $108.70 million. The firm has a 50-day moving average price of $0.87 and a 200-day moving average price of $1.10.
RMP Energy Company Profile
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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