RMP Energy Inc (TSE:RMP) had its target price decreased by stock analysts at Scotiabank from C$1.70 to C$0.85 in a research report issued to clients and investors on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 21.43% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity reduced their price objective on RMP Energy from C$1.10 to C$0.80 and set a “hold” rating on the stock in a research note on Tuesday. National Bank Financial reduced their price objective on RMP Energy from C$1.40 to C$1.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 1st. Dundee Securities reduced their price objective on RMP Energy from C$2.45 to C$1.75 in a research note on Tuesday, November 1st. FirstEnergy Capital reduced their price objective on RMP Energy from C$1.80 to C$1.40 in a research note on Tuesday, August 23rd. Finally, Royal Bank Of Canada reduced their price objective on RMP Energy from C$1.40 to C$1.35 and set a “market perform” rating on the stock in a research note on Friday, August 19th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$1.43.

Analyst Recommendations for RMP Energy (TSE:RMP)

RMP Energy (TSE:RMP) remained flat at $0.70 on Friday. 132,815 shares of the company traded hands. The stock’s 50-day moving average is $0.86 and its 200-day moving average is $1.10. RMP Energy has a 52-week low of $0.62 and a 52-week high of $1.97. The firm’s market cap is $105.68 million.

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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