Rating On Watch: Raging River Exploration Inc (TSE:RRX) Stock Rating Reconfirmed at Raymond James; The $12.00 Target Indicates 29.03% Potential

November 29, 2016 - By Darrin Black

Raging River Exploration Inc (TSE:RRX) Rating

Stock analysts at Raymond James have $12.00 PT on Raging River Exploration Inc (TSE:RRX). Raymond James’s PT gives a potential upside of 29.03% from the company’s last price. The rating was revealed in a note on Tuesday morning.

Raging River Exploration Inc (TSE:RRX) Ratings Coverage

Out of 6 analysts covering Raging River Exploration (TSE:RRX), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $14 is the highest target while $9 is the lowest. The $11.73 average target is 25.72% above today’s ($9.33) stock price. Raging River Exploration has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Wednesday, August 12 the stock rating was maintained by Paradigm Research with “Buy”. On Wednesday, November 9 the stock rating was maintained by TD Securities with “Buy”. The firm has “Outperform” rating given on Wednesday, November 9 by RBC Capital Markets. The firm has “Outperform” rating given on Thursday, February 4 by RBC Capital Markets. The stock of Raging River Exploration Inc (TSE:RRX) has “Sector Perform” rating given on Wednesday, November 9 by Scotia Capital. On Thursday, July 21 the stock rating was maintained by RBC Capital Markets with “Outperform”.

The stock decreased 3.91% or $0.38 on November 29, hitting $9.33. About 1.20M shares traded hands or 91.60% up from the average. Raging River Exploration Inc (TSE:RRX) has declined 3.38% since April 25, 2016 and is downtrending. It has underperformed by 8.64% the S&P500.

Raging River Exploration Inc is a Canada gas and oil company. The company has a market cap of $2.11 billion. The Firm is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. It has a 224.22 P/E ratio. The Company’s area of activities is located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta.

Another recent and important Raging River Exploration Inc (TSE:RRX) news was published by Reuters.com which published an article titled: “BRIEF-Raging River Exploration Inc announces $58 million Dodsland Viking p…” on November 28, 2016.

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