FY2016 EPS Estimates for RMP Energy Inc Reduced by Cormark (RMP)
RMP Energy Inc (TSE:RMP) – Equities researchers at Cormark cut their FY2016 earnings estimates for RMP Energy in a research note issued to investors on Wednesday. Cormark analyst A. Arif now expects that the firm will post earnings of ($0.17) per share for the year, down from their prior estimate of ($0.16). Cormark also issued estimates for RMP Energy’s Q4 2016 earnings at ($0.03) EPS.
Several other research firms have also recently weighed in on RMP. National Bank Financial lowered their price objective on shares of RMP Energy from C$1.75 to C$1.50 in a research report on Wednesday, August 3rd. Desjardins set a C$1.30 price objective on shares of RMP Energy and gave the company a “hold” rating in a research report on Saturday, August 6th. CIBC lowered their price objective on shares of RMP Energy from C$1.65 to C$1.00 in a research report on Saturday, August 6th. Raymond James Financial Inc. lowered their price objective on shares of RMP Energy from C$1.65 to C$1.40 and set an “outperform” rating for the company in a research report on Saturday, August 6th. Finally, Canaccord Genuity cut shares of RMP Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$2.50 to C$1.50 in a research report on Saturday, August 6th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$1.43.
Shares of RMP Energy (TSE:RMP) opened at 0.71 on Friday. The company has a 50 day moving average of $0.86 and a 200 day moving average of $1.09. The stock’s market cap is $107.19 million. RMP Energy has a 12 month low of $0.62 and a 12 month high of $1.97.
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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