RMP Energy Receives a Hold from AltaCorp Captial

By Ryan Adsit

RMP Energy (TSX: RMP), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Patrick O’rourke from AltaCorp Captial rated RMP Energy (TSX: RMP) a Hold, setting a C$0.95 price target.

According to TipRanks.com, O’rourke is ranked #2064 out of 4583 analysts.

RMP Energy has an analyst consensus of Hold, with a price target consensus of C$0.92.

RMP Energy’s market cap is currently C$78.53M and has a P/E ratio of 0.

RMP Energy, Inc. engages in the business of exploration, development and production of natural gas, crude oil, and natural gas liquids in Western Canada. Its area of operations is located in the Montney light oil fairway at Ante Creek, Waskahigan and Grizzly in West Central Alberta. The company was founded on December 03, 2004 and is headquartered in Calgary, Canada.,0BSBLZ-E

The company’s shares closed last Friday at $0.57, close to its 52-week low of $0.52.