Renegade Petroleum Upgraded by Paradigm Capital to “Buy” (RPL)
Renegade Petroleum (CVE:RPL) was upgraded by equities researchers at Paradigm Capital from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Stock Ratings News reports.
A number of other firms have also recently commented on RPL. Analysts at National Bank Financial reiterated a “sector perform” rating on shares of Renegade Petroleum in a research note on Wednesday. Separately, analysts at Raymond James cut their price target on shares of Renegade Petroleum from C$1.40 to C$1.20 in a research note on Tuesday, January 14th. Finally, analysts at Raymond James cut their price target on shares of Renegade Petroleum from C$1.60 to C$1.40 in a research note on Tuesday, November 19th. They now have a “market perform” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$2.31.
The company also recently announced a jan 14 dividend, which is scheduled for Monday, February 17th. Investors of record on Friday, January 31st will be paid a dividend of $0.0083 per share. The ex-dividend date is Wednesday, January 29th.
Renegade Petroleum Ltd. (CVE:RPL) is an exploitation and exploration focused light oil producer.
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