Cormark Weighs in on RMP Energy Inc’s Q3 2017 Earnings (RMP)
RMP Energy Inc (TSE:RMP) – Cormark lowered their Q3 2017 EPS estimates for shares of RMP Energy in a note issued to investors on Thursday. Cormark analyst A. Arif now forecasts that the oil and natural gas company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of ($0.02). Cormark also issued estimates for RMP Energy’s FY2017 earnings at ($0.08) EPS.
Other research analysts have also recently issued reports about the company. Raymond James Financial, Inc. dropped their target price on RMP Energy from C$0.60 to C$0.40 and set an “underperform” rating on the stock in a research report on Wednesday, August 16th. Scotiabank raised their target price on RMP Energy from C$0.70 to C$0.75 and gave the stock a “sector perform” rating in a research report on Thursday, July 27th. Eight Capital reissued a “buy” rating and issued a C$1.00 target price on shares of RMP Energy in a research report on Wednesday, September 27th. National Bank Financial raised their target price on RMP Energy from C$0.90 to C$1.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 5th. Finally, Macquarie raised RMP Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$0.65 to C$0.85 in a research report on Monday, September 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. RMP Energy has an average rating of “Buy” and an average target price of C$0.96.
Shares of RMP Energy (TSE:RMP) opened at 0.73 on Monday. The firm’s 50-day moving average is $0.62 and its 200 day moving average is $0.64. The stock’s market capitalization is $110.24 million. RMP Energy has a 12-month low of $0.42 and a 12-month high of $0.90.
In related news, Director Josh Young acquired 304,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of C$0.52 per share, with a total value of C$158,080.00.
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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