Raging River Exploration Inc (RRX) Receives Consensus Rating of “Buy” from Analysts

Raging River Exploration Inc (TSE:RRX) has been assigned an average rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$9.87.

A number of research firms have commented on RRX. TD Securities cut shares of Raging River Exploration from an “action list buy” rating to a “buy” rating and set a C$12.50 target price on the stock. in a research report on Thursday, March 22nd. CIBC reduced their price target on shares of Raging River Exploration from C$8.00 to C$7.50 in a research report on Tuesday, March 20th. BMO Capital Markets cut shares of Raging River Exploration from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$10.00 to C$7.00 in a research report on Tuesday, March 6th. Scotiabank reduced 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 research report on Tuesday, March 6th. Finally, Canaccord Genuity reduced their price target on shares of Raging River Exploration from C$9.00 to C$8.00 in a research report on Friday, February 23rd.

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TSE RRX traded down C$0.33 during trading hours on Monday, reaching C$5.91. The company had a trading volume of 831,067 shares, compared to its average volume of 1,311,944. Raging River Exploration has a 1-year low of C$5.52 and a 1-year high of C$10.40.

In other news, insider Bruce Michael Beynon sold 12,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of C$8.22, for a total transaction of C$98,640.00.

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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.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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