FY2017 EPS Estimates for Raging River Exploration Inc (RRX) Reduced by Clarus Securities
Raging River Exploration Inc (TSE:RRX) – Equities research analysts at Clarus Securities dropped their FY2017 earnings per share (EPS) estimates for shares of Raging River Exploration in a research note issued on Friday. Clarus Securities analyst R. Pare now expects that the company will post earnings of $0.23 per share for the year, down from their prior estimate of $0.24. Clarus Securities also issued estimates for Raging River Exploration’s FY2018 earnings at $0.32 EPS.
Several other equities research analysts have also recently issued reports on RRX. National Bank Financial decreased their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.00 price objective on shares of Raging River Exploration in a research report on Wednesday, September 13th. Raymond James Financial raised shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$8.50 to C$9.50 in a research report on Friday, November 10th. Scotiabank reaffirmed an “outperform” rating and set a C$11.00 price objective on shares of Raging River Exploration in a research report on Thursday, September 28th. Finally, GMP Securities decreased their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$11.10.
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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.
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