RMP Energy Inc (RMP) Receives Average Rating of “Buy” from Brokerages
Shares of RMP Energy Inc (TSE:RMP) have received an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$0.97.
A number of research firms have weighed in on RMP. Raymond James Financial, Inc. dropped their target price on shares of RMP Energy from C$0.60 to C$0.40 and set an “underperform” rating on the stock in a research note on Wednesday, August 16th. Scotiabank boosted their target price on shares of RMP Energy from C$0.70 to C$0.75 and gave the company a “sector perform” rating in a research note on Thursday, July 27th. Eight Capital reiterated a “buy” rating and issued a C$1.00 target price on shares of RMP Energy in a research note on Wednesday, September 27th. National Bank Financial boosted their target price on shares of RMP Energy from C$0.90 to C$1.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. Finally, Macquarie upgraded shares of RMP Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$0.65 to C$0.85 in a research note on Monday, September 18th.
In other news, Director Josh Young bought 304,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average price of C$0.52 per share, with a total value of C$158,080.00.
WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/22/rmp-energy-inc-rmp-receives-average-rating-of-buy-from-brokerages.html.
Shares of RMP Energy (TSE:RMP) traded up 1.56% during midday trading on Friday, reaching $0.65. 275,219 shares of the company’s stock traded hands. RMP Energy has a 12 month low of $0.42 and a 12 month high of $1.00. The firm’s market cap is $101.64 million. The stock has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.64.
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.