Raymond James Financial, Inc. cut shares of RMP Energy Inc. (TSE:RMP) from a market perform rating to an underperform rating in a research report sent to investors on Wednesday morning. Raymond James Financial, Inc. currently has C$0.55 target price on the oil and natural gas company’s stock, down from their previous target price of C$0.60.
RMP has been the topic of a number of other research reports. Macquarie upgraded shares of RMP Energy from a neutral rating to an outperform rating and raised their target price for the company from C$0.65 to C$0.85 in a research report on Monday, September 18th. Scotiabank raised their target price on shares of RMP Energy from C$0.70 to C$0.75 and gave the company a sector perform rating in a research report on Thursday, July 27th. National Bank Financial raised their target price on shares of RMP Energy to C$0.90 and gave the company an outperform rating in a research report on Monday, July 31st. Finally, Eight Capital restated a buy rating and issued a C$1.00 target price on shares of RMP Energy in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of C$0.83.
Shares of RMP Energy (RMP) opened at C$0.70 on Wednesday. RMP Energy has a 52-week low of C$0.42 and a 52-week high of C$0.90.
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In other RMP Energy news, Director Josh Young purchased 304,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average price 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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