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

Raging River Exploration (TSE:RRX) had its target price increased 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.

Several other equities research analysts also recently issued reports on RRX. Scotiabank reissued an outperform rating and issued a C$11.00 price objective on shares of Raging River Exploration in a research note on Thursday, September 28th. GMP Securities reduced their price objective on Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday, October 2nd. National Bank Financial reduced their price objective on Raging River Exploration from C$11.00 to C$10.00 and set an outperform rating for the company in a research note on Friday, October 13th. Raymond James Financial raised 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 report on Friday, November 10th. Finally, 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 report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$11.12.

Shares of Raging River Exploration (TSE:RRX) opened at C$8.40 on Monday. The stock has a market capitalization of $1,940.00, a PE ratio of 33.60 and a beta of 0.40. Raging River Exploration has a one year low of C$6.25 and a one year 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 (EPS) for the quarter, missing the consensus estimate 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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