Raging River Exploration (RRX) Given New C$11.00 Price Target at National Bank Financial
Raging River Exploration (TSE:RRX) had its price objective lifted by analysts at National Bank Financial from C$10.00 to C$11.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 40.31% from the stock’s previous close.
A number of other equities research analysts have also recently commented on RRX. GMP Securities reduced their price objective on Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday, October 2nd. Scotiabank reissued an “outperform” rating and issued a C$11.00 price objective on shares of Raging River Exploration in a research note on Thursday, September 28th. BMO Capital Markets reissued an “outperform” rating and issued a C$10.00 price objective on shares of Raging River Exploration in a research note on Wednesday, September 13th. Raymond James Financial raised Raging River Exploration from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$8.50 to C$9.50 in a research note on Friday, November 10th. Finally, TD Securities raised their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the company an “action list buy” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$10.89.
Shares of Raging River Exploration (RRX) traded down C$0.13 during trading on Tuesday, reaching C$7.84. The company’s stock had a trading volume of 499,947 shares, compared to its average volume of 878,459. Raging River Exploration has a 12-month low of C$6.25 and a 12-month high of C$10.40. The firm has a market capitalization of $1,830.00, a PE ratio of 31.36 and a beta of 0.40.
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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