Raging River Exploration (RRX) Given New C$6.00 Price Target at Cormark

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Raging River Exploration (TSE:RRX) had its price objective reduced by Cormark from C$10.00 to C$6.00 in a research report sent to investors on Tuesday morning.

A number of other research firms also recently commented on RRX. Raymond James downgraded shares of Raging River Exploration from an outperform rating to a market perform rating and decreased their price objective for the stock from C$8.50 to C$7.00 in a report on Friday, February 23rd. Laurentian downgraded shares of Raging River Exploration from a buy rating to a reduce rating in a report on Tuesday. CIBC decreased their price objective on shares of Raging River Exploration from C$10.00 to C$7.50 in a report on Tuesday, March 13th. BMO Capital Markets downgraded shares of Raging River Exploration from an outperform rating to a market perform rating and decreased their price objective for the stock from C$10.00 to C$7.00 in a report on Tuesday, March 6th. Finally, Scotiabank boosted their price objective on shares of Raging River Exploration from C$10.00 to C$10.50 and gave the stock an outperform rating in a report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$9.32.

Shares of TSE:RRX opened at C$5.57 on Tuesday. Raging River Exploration has a fifty-two week low of C$5.42 and a fifty-two week high of C$8.89.

Raging River Exploration (TSE:RRX) last issued its earnings results on Monday, May 14th. The company reported C$0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.11 by C($0.02). The firm had revenue of C$136.31 million for the quarter, compared to analyst estimates of C$126.70 million.

Raging River Exploration Company Profile

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.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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