Raging River Exploration Inc (RRX) Given Average Rating of “Buy” by Brokerages

Shares of Raging River Exploration Inc (TSE:RRX) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$11.12.

RRX has been the subject of several research analyst reports. National Bank Financial cut their price objective on Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Raymond James Financial upgraded Raging River Exploration from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$8.50 to C$9.50 in a research report on Friday, November 10th. TD Securities lifted their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the company an “action list buy” rating in a research report on Friday, November 10th. Eight Capital lifted their price objective on Raging River Exploration from C$10.50 to C$13.15 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, GMP Securities lifted their price objective on Raging River Exploration from C$10.00 to C$12.00 in a research report on Monday, November 13th.

In other news, insider Bruce Michael Beynon sold 12,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of C$8.22, for a total transaction of C$98,640.00.

Raging River Exploration (TSE:RRX) opened at C$7.23 on Friday. Raging River Exploration has a 52-week low of C$6.25 and a 52-week high of C$10.40. The stock has a market capitalization of $1,720.00, a price-to-earnings ratio of 28.92 and a beta of 0.40.

Raging River Exploration (TSE:RRX) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.01).

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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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