RMP Energy Inc (RMP) Price Target Raised to C$0.75
RMP Energy Inc (TSE:RMP) had its price objective upped by Scotiabank from C$0.70 to C$0.75 in a research report report published on Thursday morning. They currently have a sector perform rating on the oil and natural gas company’s stock.
Shares of RMP Energy (TSE RMP) opened at 0.64 on Thursday. RMP Energy has a 1-year low of $0.52 and a 1-year high of $1.18. The stock’s market cap is $96.65 million. The stock’s 50 day moving average is $0.61 and its 200-day moving average is $0.72.
RMP Energy (TSE:RMP) last announced its earnings results on Monday, May 15th. The oil and natural gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. The business had revenue of $9.46 million for the quarter, compared to analyst estimates of $10.50 million. RMP Energy had a negative return on equity of 4.46% and a negative net margin of 31.86%. On average, analysts predict that RMP Energy will post ($0.06) EPS for the current fiscal year.
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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