Raging River Exploration (RRX) PT Raised to C$9.00 at CIBC

Raging River Exploration (TSE:RRX) had its price target hoisted by CIBC from C$8.00 to C$9.00 in a research note issued to investors on Friday. CIBC’s price objective suggests a potential upside of 15.09% from the stock’s previous close.

Several other research analysts have also recently commented on RRX. Laurentian boosted their price target on Raging River Exploration from C$10.00 to C$11.00 in a research note on Tuesday, May 15th. Scotiabank boosted their price target on Raging River Exploration from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 15th. Raymond James boosted their price target on Raging River Exploration from C$7.50 to C$8.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 15th. BMO Capital Markets boosted their price target on Raging River Exploration from C$7.00 to C$9.00 in a research note on Tuesday, May 15th. Finally, TD Securities cut Raging River Exploration from an “action list buy” rating to a “buy” rating and set a C$12.50 price target on the stock. in a research note on Thursday, March 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Raging River Exploration has an average rating of “Buy” and an average target price of C$10.38.

Shares of Raging River Exploration opened at C$7.82 on Friday, according to Marketbeat. 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 issued its quarterly earnings data on Monday, May 14th. The company reported C$0.09 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.11 by C($0.02). The business had revenue of C$136.31 million during the quarter, compared to the consensus estimate of C$126.70 million.

Raging River Exploration Company Profile

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)

Receive News & Ratings for Raging River Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raging River Exploration and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply