RMP Energy Inc (TSE:RMP) Given Average Recommendation of “Hold” by Analysts

Shares of RMP Energy Inc (TSE:RMP) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$1.12.

A number of equities analysts have weighed in on RMP shares. National Bank Financial lifted their price objective on RMP Energy to C$0.90 and gave the company an “outperform” rating in a research note on Monday, July 31st. Scotiabank lifted their price target 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, July 27th.

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RMP Energy (TSE RMP) opened at 0.56 on Thursday. The stock’s market cap is $84.57 million. RMP Energy has a 1-year low of $0.52 and a 1-year high of $1.09. The stock has a 50 day moving average price of $0.60 and a 200 day moving average price of $0.71.

RMP Energy (TSE:RMP) last released 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. The company had revenue of $9.46 million for the quarter, compared to analysts’ expectations of $10.50 million. RMP Energy had a negative net margin of 31.86% and a negative return on equity of 4.46%. On average, analysts predict that RMP Energy will post ($0.07) EPS for the current fiscal year.

RMP Energy Company Profile

RMP Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin, primarily in the province of Alberta, Canada. It holds natural gas operations at Kaybob and Gilby, as well as develops Montney light oil assets in West Central Alberta.

Analyst Recommendations for RMP Energy (TSE:RMP)

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