Analysts Set Raging River Exploration Inc (RRX) Price Target at $11.38

Shares of Raging River Exploration Inc (TSE:RRX) have been given a consensus rating of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$11.22.

Several equities analysts have issued reports on the stock. GMP Securities decreased their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday. Scotiabank reiterated an “outperform” rating and set a C$11.00 target price on shares of Raging River Exploration in a research report on Thursday, September 28th. BMO Capital Markets reissued an “outperform” rating and issued a C$10.00 target price on shares of Raging River Exploration in a report on Wednesday, September 13th. Finally, Royal Bank Of Canada reduced their target price on Raging River Exploration from C$13.00 to C$10.00 in a report on Thursday, July 20th.

Shares of Raging River Exploration (TSE RRX) traded down 1.31% during mid-day trading on Friday, reaching $7.54. The company’s stock had a trading volume of 547,910 shares. Raging River Exploration has a 52 week low of $6.25 and a 52 week high of $11.87. The company’s 50-day moving average is $7.00 and its 200-day moving average is $7.89. The stock has a market capitalization of $1.74 billion and a price-to-earnings ratio of 29.34.

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Raging River Exploration Company Profile

Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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