Raging River Exploration (TSE:RRX) had its target price cut by TD Securities from C$13.00 to C$8.16 in a research report released on Tuesday morning. They currently have a buy rating on the stock.
Several other equities research analysts have also commented on the stock. BMO Capital Markets lowered their price target on shares of Raging River Exploration from C$9.00 to C$7.00 in a report on Tuesday. Cormark lowered their target price on shares of Raging River Exploration from C$10.00 to C$6.00 in a research note on Tuesday. Laurentian lowered shares of Raging River Exploration from a buy rating to a reduce rating in a research note on Tuesday. CIBC increased their target price on shares of Raging River Exploration from C$8.00 to C$9.00 in a research note on Friday, May 18th. Finally, Raymond James increased their target price on shares of Raging River Exploration from C$7.50 to C$8.00 and gave the stock a market perform rating in a research note on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$9.32.
TSE:RRX opened at C$5.57 on Tuesday. Raging River Exploration has a one year low of C$5.42 and a one year high of C$8.89.
Raging River Exploration (TSE:RRX) last posted its quarterly earnings results on Monday, May 14th. The company reported C$0.09 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.02). The business had revenue of C$136.31 million for the quarter, compared to the consensus estimate of C$126.70 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.
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