Raging River Exploration Inc (TSE:RRX)’s share price rose 1.6% during trading on Tuesday after National Bank Financial raised their price target on the stock from C$10.00 to C$11.00. National Bank Financial currently has an outperform rating on the stock. Raging River Exploration traded as high as C$7.98 and last traded at C$7.84. Approximately 499,947 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 878,459 shares. The stock had previously closed at C$7.97.
Several other equities research analysts have also recently issued reports on RRX. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.00 price objective on shares of Raging River Exploration in a research report on Wednesday, September 13th. Raymond James Financial raised shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$8.50 to C$9.50 in a research report on Friday, November 10th. Scotiabank reaffirmed an “outperform” rating and set a C$11.00 price objective on shares of Raging River Exploration in a research report on Thursday, September 28th. GMP Securities decreased their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 in a research report on Monday, October 2nd. Finally, TD Securities lifted their price objective on shares of Raging River Exploration from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Raging River Exploration currently has a consensus rating of “Buy” and an average price target of C$10.89.
The stock has a market capitalization of $1,870.00, a PE ratio of 32.32 and a beta of 0.40.
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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