RMP ENERGY INC T.RMP

RMP Analysts Upgrades

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Recent Investment Analysts’ Ratings Updates for RMP Energy (RMP)

Posted by Max Byerly on Aug 28th, 2015 // No Comments

Several brokerages have updated their recommendations and price targets on shares of RMP Energy (TSE: RMP) in the last few weeks:

• 8/14/2015 – RMP Energy had its price target lowered by analysts at FirstEnergy Capital from C$3.75 to C$3.00.
• 8/14/2015 – RMP Energy had its price target lowered by analysts at Dundee Securities to C$4.00. They now have a “buy” rating on the stock.
• 8/14/2015 – RMP Energy had its price target lowered by analysts at Scotiabank from C$3.50 to C$2.30. They now have a “sector perform” rating on the stock.
• 8/14/2015 – RMP Energy had its price target lowered by analysts at Canaccord Genuity from C$3.50 to C$2.00. They now have a “hold” rating on the stock.
• 7/21/2015 – RMP Energy had its price target lowered by analysts at CIBC from C$4.00 to C$3.50. They now have a “sector performer” rating on the stock.
• 7/18/2015 – RMP Energy had its price target lowered by analysts at Canaccord Genuity from C$4.00 to C$3.50. They now have a “hold” rating on the stock.
• 7/8/2015 – RMP Energy had its price target lowered by analysts at Scotiabank from C$4.25 to C$3.50.

Shares of RMP Energy Inc (TSE:RMP) traded up 12.50% during mid-day trading on Friday, reaching $1.62. The company’s stock had a trading volume of 2,097,903 shares. RMP Energy Inc has a 12 month low of $1.22 and a 12 month high of $8.79. The firm has a market cap of $200.48 million and a price-to-earnings ratio of 17.05. The company’s 50-day moving average is $1.73 and its 200 day moving average is $2.98.

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 (TSE:RMP) reserves primarily in the Western Canadian Sedimentary Basin within the province of Alberta, Canada. Its primary area of operations and focus is located in the Montney light crude oil fairway at Ante Creek, Waskahigan and Grizzly in West Central Alberta, with additional Alberta-based activity in Kaybob, Pine Creek, Gilby, and the Deep Basin area of Ricinus. Ante Creek is proximal to its Waskahigan areas approximately 20 kilometers (km) to the northwest. Kaybob is a natural gas field located in West Central Alberta, about 250 km northwest of Edmonton. Pine Creek is a natural gas property located in West Central Alberta. Ricinus is a natural gas play in West Central Alberta. Waskahigan is a Montney light oil play in Central Alberta situated about 270 km northwest of Edmonton.