Upgrades / Downgrades
RMP Energy Downgraded to Sector Perform at CIBC (RMP)
Posted by Logan Wallace on Apr 17th, 2014 //
RMP Energy (TSE:RMP) was downgraded by equities research analysts at CIBC from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, Stock Ratings Network reports.
RMP Energy (TSE:RMP) traded up 1.01% on Tuesday, hitting $8.01. 899,550 shares of the company’s stock traded hands. RMP Energy has a 52-week low of $3.40 and a 52-week high of $8.37. The stock has a 50-day moving average of $7.16 and a 200-day moving average of $6.24. The company has a P/E ratio of 79.30.
RMP has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of RMP Energy from C$9.00 to C$10.25 in a research note on Friday, April 11th. Separately, analysts at National Bank Financial raised their price target on shares of RMP Energy from C$8.50 to C$10.00 in a research note on Thursday, March 20th. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of RMP Energy from C$7.50 to C$8.00 in a research note on Thursday, March 20th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$8.75.
RMP Energy Inc (TSE:RMP) is a crude oil and natural gas company.