RMP Energy Inc (RMP) Given Average Rating of “Hold” by Brokerages
Shares of RMP Energy Inc (TSE:RMP) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$1.12.
Separately, Scotiabank raised their price objective on RMP Energy from C$0.70 to C$0.75 and gave the company a “sector perform” rating in a research note on Thursday.
Shares of RMP Energy (TSE:RMP) traded down 1.61% during trading on Thursday, reaching $0.61. 221,300 shares of the company’s stock traded hands. The company’s market capitalization is $92.12 million. The company has a 50 day moving average of $0.61 and a 200-day moving average of $0.72. RMP Energy has a 1-year low of $0.52 and a 1-year high of $1.18.
RMP Energy (TSE:RMP) last issued its quarterly earnings data on Monday, May 15th. The oil and natural gas company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. RMP Energy had a negative net margin of 31.86% and a negative return on equity of 4.46%. The company had revenue of $9.46 million during the quarter, compared to the consensus estimate of $10.50 million. Equities analysts predict that RMP Energy will post ($0.06) earnings per share for the current year.
RMP Energy Company Profile
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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