Raging River Exploration (RRX) Price Target Raised to C$13.15 at Eight Capital

Raging River Exploration (TSE:RRX) had its price objective raised by Eight Capital from C$10.50 to C$13.15 in a research report released on Monday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on RRX. GMP Securities lowered their target price on Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday, October 2nd. TD Securities upped their target price on Raging River Exploration from C$10.00 to C$11.00 and gave the stock an action list buy rating in a research note on Friday, November 10th. National Bank Financial upped their target price on Raging River Exploration from C$10.00 to C$11.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Scotiabank restated an outperform rating and issued a C$11.00 target price on shares of Raging River Exploration in a research note on Thursday, September 28th. Finally, Raymond James Financial upgraded Raging River Exploration from a market perform rating to an outperform rating and upped their target price for the stock from C$8.50 to C$9.50 in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$11.12.

Shares of Raging River Exploration (RRX) traded up C$0.05 during mid-day trading on Monday, hitting C$8.72. The stock had a trading volume of 942,694 shares, compared to its average volume of 1,464,080. The firm has a market capitalization of $2,040.00, a price-to-earnings ratio of 34.88 and a beta of 0.40. Raging River Exploration has a fifty-two week low of C$6.25 and a fifty-two week high of C$10.40.

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

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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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