Shares of RMP Energy Inc (TSE:RMP) have received an average recommendation of “Hold” from the fifteen brokerages that are covering the firm. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$1.58.
Several research firms recently issued reports on RMP. National Bank Financial lowered their price objective on RMP Energy from C$1.75 to C$1.50 in a research report on Wednesday, August 3rd. Desjardins set a C$1.30 price target on RMP Energy and gave the company a “hold” rating in a report on Saturday, August 6th. CIBC lowered their price target on RMP Energy from C$1.65 to C$1.00 in a report on Saturday, August 6th. Raymond James Financial Inc. lowered their price target on 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. Finally, Canaccord Genuity cut RMP Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$2.50 to C$1.50 in a report on Saturday, August 6th.
RMP Energy (TSE:RMP) opened at 0.97 on Monday. The stock’s market capitalization is $146.44 million. The stock has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.23. RMP Energy has a 12 month low of $0.90 and a 12 month high of $2.12.
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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