Raging River Exploration Inc (RRX) Given Average Recommendation of “Buy” by Analysts
Raging River Exploration Inc (TSE:RRX) has earned an average rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$11.10.
RRX has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price target on Raging River Exploration from C$13.00 to C$10.00 in a report on Thursday, July 20th. National Bank Financial decreased 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. Scotiabank restated an “outperform” rating and issued a C$11.00 price target on shares of Raging River Exploration in a report on Thursday, September 28th. BMO Capital Markets restated an “outperform” rating and issued a C$10.00 price target on shares of Raging River Exploration in a report on Wednesday, September 13th. Finally, GMP Securities decreased their price target on Raging River Exploration from C$11.00 to C$10.00 in a report on Monday, October 2nd.
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Raging River Exploration (RRX) opened at 6.88 on Friday. The stock has a market cap of $1.59 billion and a P/E ratio of 26.77. Raging River Exploration has a 52 week low of $6.25 and a 52 week high of $11.29. The company has a 50-day moving average of $7.37 and a 200-day moving average of $7.69.
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.
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