RMP Energy Inc (RMP) Receives Consensus Recommendation of “Hold” from Brokerages
RMP Energy Inc (TSE:RMP) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$1.13.
A number of equities analysts have recently weighed in on RMP shares. Scotiabank reiterated a “sector perform” rating and issued a C$0.90 target price on shares of RMP Energy in a report on Thursday, March 23rd. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$1.00 target price on shares of RMP Energy in a report on Wednesday, March 22nd.
Shares of RMP Energy (TSE:RMP) traded up 6.45% during midday trading on Tuesday, hitting $0.66. 201,275 shares of the stock were exchanged. RMP Energy has a one year low of $0.62 and a one year high of $1.48. The stock’s 50-day moving average price is $0.76 and its 200 day moving average price is $0.76. The stock’s market cap is $99.67 million.
RMP Energy (TSE:RMP) last issued its earnings results on Monday, May 15th. The oil and natural gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. The firm had revenue of $9.46 million during the quarter, compared to the consensus estimate of $10.50 million. On average, analysts anticipate that RMP Energy will post ($0.06) earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “RMP Energy Inc (RMP) Receives Consensus Recommendation of “Hold” from Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/06/rmp-energy-inc-rmp-receives-consensus-recommendation-of-hold-from-brokerages.html.
In other news, Director Josh Young acquired 70,000 shares of the company’s stock in a transaction that occurred on Monday, March 27th. The shares were purchased at an average price of C$0.65 per share, for a total transaction of C$45,500.00. Insiders bought a total of 998,100 shares of company stock worth $702,732 in the last quarter.
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.
Receive News & Ratings for RMP Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMP Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.