Raging River Exploration (RRX) Price Target Raised to C$7.50

Raging River Exploration (TSE:RRX) had its target price boosted by Raymond James from C$7.00 to C$7.50 in a report issued on Tuesday.

RRX has been the topic of several other research reports. TD Securities lowered shares of Raging River Exploration from an action list buy rating to a buy rating and set a C$12.50 price target on the stock. in a research report on Thursday, March 22nd. CIBC lowered their price objective on shares of Raging River Exploration from C$8.00 to C$7.50 in a research report on Tuesday, March 20th. Scotiabank lowered their price objective on shares of Raging River Exploration from C$11.50 to C$10.50 and set an outperform rating on the stock in a research report on Tuesday, March 6th. Canaccord Genuity lowered their price objective on shares of Raging River Exploration from C$9.00 to C$8.00 in a research report on Friday, February 23rd. Finally, BMO Capital Markets cut shares of Raging River Exploration from an outperform rating to a market perform rating and lowered their price objective for the stock from C$10.00 to C$7.00 in a research report on Tuesday, March 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Raging River Exploration has a consensus rating of Buy and a consensus price target of C$9.92.

Raging River Exploration stock opened at C$7.12 on Tuesday. Raging River Exploration has a 1 year low of C$5.52 and a 1 year high of C$8.89.

Raging River Exploration (TSE:RRX) last posted its quarterly earnings results on Monday, March 5th. The company reported C$0.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.09. The business had revenue of C$130.17 million during the quarter, compared to analyst estimates of C$120.20 million.

Raging River Exploration Company Profile

Raging River Exploration Inc engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company primarily holds interests in the properties located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan; and in the Esther area of southeastern Alberta.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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