Raging River Exploration (RRX) Given Consensus Recommendation of “Buy” by Analysts

Raging River Exploration (TSE:RRX) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$10.38.

RRX has been the topic of a number of research analyst reports. CIBC boosted their price target on Raging River Exploration from C$8.00 to C$9.00 in a report on Friday, May 18th. Canaccord Genuity reduced their price target on Raging River Exploration from C$9.00 to C$8.00 in a report on Friday, February 23rd. BMO Capital Markets boosted their price target on Raging River Exploration from C$7.00 to C$9.00 in a report on Tuesday, May 15th. Laurentian boosted their price target on Raging River Exploration from C$10.00 to C$11.00 in a report on Tuesday, May 15th. Finally, Raymond James boosted their price target on Raging River Exploration from C$7.00 to C$7.50 in a report on Tuesday, April 24th.

Raging River Exploration traded down C$0.04, reaching C$6.62, during mid-day trading on Friday, Marketbeat.com reports. 847,741 shares of the company’s stock traded hands, compared to its average volume of 1,263,133. Raging River Exploration has a 12-month low of C$5.52 and a 12-month high of C$8.89.

Raging River Exploration (TSE:RRX) last announced its quarterly earnings results on Monday, May 14th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.02). The company had revenue of C$136.31 million during the quarter, compared to the consensus estimate of C$126.70 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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