Raging River Exploration Inc (RRX) to Post FY2017 Earnings of $0.27 Per Share, Clarus Securities Forecasts
Raging River Exploration Inc (TSE:RRX) – Stock analysts at Clarus Securities reduced their FY2017 EPS estimates for Raging River Exploration in a research note issued on Friday. Clarus Securities analyst R. Pare now forecasts that the company will earn $0.27 per share for the year, down from their prior forecast of $0.35. Clarus Securities also issued estimates for Raging River Exploration’s FY2018 earnings at $0.43 EPS.
Several other analysts have also recently issued reports on RRX. Royal Bank Of Canada lowered their target price on shares of Raging River Exploration from C$13.00 to C$10.00 in a research note on Thursday, July 20th. Canaccord Genuity cut shares of Raging River Exploration from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$11.50 to C$10.00 in a research note on Tuesday, May 9th. TD Securities upgraded shares of Raging River Exploration from a “buy” rating to an “action list buy” rating and set a C$11.50 target price on the stock in a research note on Tuesday, May 23rd. Finally, AltaCorp Capital cut shares of Raging River Exploration from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$11.75.
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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