Rating Worth Watching: Toronto: Raging River Exploration Inc (TSE:RRX)’s Stock Had Its Sector Perform Rating Restated at Scotia Capital in Report Issued Today. Has $12.00 Target

November 29, 2016 - By Ellis Scott

Raging River Exploration Inc (TSE:RRX) Rating

Raging River Exploration Inc (TSE:RRX) had its stock rating noted as Sector Perform by analysts at Scotia Capital. Scotia Capital currently has a $12.00 target on the $2.11B market cap company or 29.03% upside potential. This was revealed to investors in a research report on 29 November.

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. RBC Capital Markets maintained it with “Outperform” rating and $13 target price in Wednesday, November 9 report. The firm earned “Outperform” rating on Thursday, February 4 by RBC Capital Markets. On Wednesday, November 9 the stock rating was maintained by TD Securities with “Buy”. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, July 21. The firm has “Sector Perform” rating given on Wednesday, November 9 by Scotia Capital. Paradigm Research maintained the stock with “Buy” rating in Wednesday, August 12 report.

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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