Raging River Exploration Inc (RRX) Receives C$8.59 Average Price Target from Analysts
Shares of Raging River Exploration Inc (TSE:RRX) have earned an average recommendation of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$8.59.
RRX has been the subject of a number of recent analyst reports. Eight Capital cut their price target on shares of Raging River Exploration from C$11.75 to C$11.55 in a research note on Wednesday, August 1st. Raymond James increased their price target on shares of Raging River Exploration from C$8.00 to C$8.25 in a research note on Thursday, July 5th. Finally, National Bank Financial set a C$6.00 price target on shares of Raging River Exploration and gave the company a “tender” rating in a research note on Tuesday, July 24th.
RRX traded up C$0.18 during trading hours on Friday, hitting C$5.99. 3,076,500 shares of the company’s stock were exchanged, compared to its average volume of 1,657,126. Raging River Exploration has a 1-year low of C$4.77 and a 1-year high of C$8.89.
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.
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