Raymond James Raises Raging River Exploration (RRX) Price Target to C$8.00

Raging River Exploration (TSE:RRX) had its target price hoisted by Raymond James from C$7.50 to C$8.00 in a research note released on Tuesday morning. The brokerage currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on RRX. Eight Capital upped their price target on shares of Raging River Exploration from C$10.50 to C$13.15 and gave the stock a buy rating in a report on Monday, January 15th. Canaccord Genuity decreased their price target on shares of Raging River Exploration from C$9.00 to C$8.00 in a report on Friday, February 23rd. Scotiabank decreased their price target on shares of Raging River Exploration from C$11.50 to C$10.50 and set an outperform rating on the stock in a report on Tuesday, March 6th. BMO Capital Markets cut shares of Raging River Exploration from an outperform rating to a market perform rating and decreased their price target for the stock from C$10.00 to C$7.00 in a report on Tuesday, March 6th. Finally, CIBC cut their target price on shares of Raging River Exploration from C$10.00 to C$7.50 in a research report on Tuesday, March 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$10.24.

Raging River Exploration stock opened at C$7.82 on Tuesday. Raging River Exploration has a fifty-two week low of C$5.52 and a fifty-two week high of C$8.89.

Raging River Exploration (TSE:RRX) last released its quarterly earnings results on Monday, March 5th. The company reported C$0.09 earnings per share for the quarter, hitting the consensus estimate of C$0.09. The firm had revenue of C$130.17 million during the quarter, compared to the consensus estimate of C$120.20 million.

About Raging River Exploration

Raging River Exploration Inc engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The company primarily holds interests in the properties located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan; and in the Esther area of southeastern Alberta.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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