RMP Energy Inc to Post Q3 2017 Earnings of ($0.02) Per Share, Cormark Forecasts (RMP)
RMP Energy Inc (TSE:RMP) – Analysts at Cormark decreased their Q3 2017 EPS estimates for shares of RMP Energy in a report issued on Wednesday. Cormark analyst A. Arif now anticipates that the oil and natural gas company will post earnings of ($0.02) per share for the quarter, down from their previous forecast of ($0.01). Cormark also issued estimates for RMP Energy’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.08) EPS and FY2018 earnings at ($0.09) EPS.
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A number of other research analysts have also weighed in on the stock. Scotiabank lifted their price objective on shares of RMP Energy from C$0.70 to C$0.75 and gave the company a “sector perform” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. reduced their price objective on shares of RMP Energy from C$0.60 to C$0.40 and set an “underperform” rating for the company in a research note on Wednesday. Finally, National Bank Financial lifted their price objective on shares of RMP Energy to C$0.90 and gave the company an “outperform” rating in a research note on Monday, July 31st.
Shares of RMP Energy (TSE:RMP) opened at 0.45 on Friday. The firm’s market cap is $67.96 million. The company’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.70. RMP Energy has a 12 month low of $0.44 and a 12 month high of $1.09.
RMP Energy Company Profile
RMP Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin, primarily in the province of Alberta, Canada. It holds natural gas operations at Kaybob and Gilby, as well as develops Montney light oil assets in West Central Alberta.
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