RMP Energy Inc (RMP) Given Consensus Recommendation of “Buy” by Brokerages
Shares of RMP Energy Inc (TSE:RMP) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$0.97.
RMP has been the topic of several analyst reports. Raymond James Financial, Inc. lowered their target price on 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. National Bank Financial lifted their target price on 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. Eight Capital restated a “buy” rating and issued a C$1.00 price target on shares of RMP Energy in a research note on Wednesday. Macquarie upgraded RMP Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$0.65 to C$0.85 in a research note on Monday, September 18th. Finally, 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.
In other RMP Energy news, Director Josh Young purchased 304,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average cost of C$0.52 per share, for a total transaction of C$158,080.00.
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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