RMP Energy Inc (TSE:RMP) Given Consensus Recommendation of “Hold” by Brokerages
RMP Energy Inc (TSE:RMP) has been given an average rating of “Hold” by the fifteen research firms that are currently covering the stock. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$1.58.
Several research analysts recently weighed in on the stock. Raymond James Financial Inc. cut their price target on shares of RMP Energy from C$1.65 to C$1.40 and set an “outperform” rating on the stock in a report on Saturday, August 6th. Desjardins set a C$1.30 price objective on shares of RMP Energy and gave the stock 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. Canaccord Genuity lowered shares of RMP Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$2.50 to C$1.50 in a research report on Saturday, August 6th. Finally, Royal Bank Of Canada lowered their price objective on shares of RMP Energy from C$1.40 to C$1.35 and set a “market perform” rating on the stock in a research report on Friday, August 19th.
Shares of RMP Energy (TSE:RMP) traded down 2.91% during midday trading on Monday, hitting $1.00. The stock had a trading volume of 1,184,331 shares. RMP Energy has a 1-year low of $0.90 and a 1-year high of $2.14. The firm’s market capitalization is $150.97 million. The company’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.24.
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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