Raging River Exploration Inc (RRX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Raging River Exploration Inc (TSE:RRX) have earned an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$10.89.

Several equities research analysts recently commented on RRX shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$10.00 price target on shares of Raging River Exploration in a report on Wednesday, September 13th. Scotiabank reaffirmed an “outperform” rating and issued a C$11.00 price target on shares of Raging River Exploration in a report on Thursday, September 28th. GMP Securities cut their price target on Raging River Exploration from C$11.00 to C$10.00 in a report on Monday, October 2nd. National Bank Financial cut their price target on Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Finally, Raymond James Financial raised Raging River Exploration from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$8.50 to C$9.50 in a report on Friday, November 10th.

Raging River Exploration (TSE:RRX) opened at C$8.08 on Wednesday. Raging River Exploration has a fifty-two week low of C$6.25 and a fifty-two week high of C$10.40. The company has a market capitalization of $1,870.00, a P/E ratio of 32.32 and a beta of 0.40.

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About Raging River Exploration

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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