Raging River Exploration Inc (RRX) Given Outperform Rating at BMO Capital Markets

Raging River Exploration Inc (TSE:RRX)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They presently have a C$10.00 price objective on the stock. BMO Capital Markets’ target price would suggest a potential upside of 44.30% from the stock’s previous close.

Several other research firms have also commented on RRX. Royal Bank Of Canada reduced their target price on shares of Raging River Exploration from C$13.00 to C$10.00 in a report on Thursday, July 20th. TD Securities raised shares of Raging River Exploration from a “buy” rating to an “action list buy” rating and set a C$11.50 target price on the stock in a report on Tuesday, May 23rd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Raging River Exploration presently has a consensus rating of “Buy” and a consensus price target of C$11.38.

Raging River Exploration (TSE:RRX) traded up 2.31% during mid-day trading on Wednesday, hitting $7.09. 1,091,856 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $6.98 and its 200-day moving average price is $8.04. Raging River Exploration has a 12 month low of $6.25 and a 12 month high of $11.87. The stock has a market cap of $1.64 billion and a PE ratio of 27.59.

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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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