Raging River Exploration Inc (TSE:RRX) Given Consensus Recommendation of “Buy” by Analysts
Shares of Raging River Exploration Inc (TSE:RRX) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$11.75.
Several brokerages have recently commented on RRX. Canaccord Genuity cut Raging River Exploration from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$11.50 to C$10.00 in a research report on Tuesday, May 9th. TD Securities raised Raging River Exploration from a “buy” rating to an “action list buy” rating and set a C$11.50 target price for the company in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada decreased their target price on Raging River Exploration from C$13.00 to C$10.00 in a research report on Thursday, July 20th.
Raging River Exploration (TSE RRX) remained flat at $6.86 during trading on Friday. The company’s stock had a trading volume of 431,792 shares. The stock has a 50-day moving average price of $7.79 and a 200-day moving average price of $8.48. The stock has a market cap of $1.59 billion and a PE ratio of 26.69. Raging River Exploration has a 1-year low of $6.76 and a 1-year high of $11.87.
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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.
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