Shares of Raging River Exploration Inc (TSE:RRX) have received an average recommendation of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$9.87.
RRX has been the topic of several recent research reports. Raymond James Financial lowered Raging River Exploration from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$8.50 to C$7.00 in a research report on Friday, February 23rd. CIBC lowered their price objective on Raging River Exploration from C$10.00 to C$7.50 in a research report on Tuesday, March 13th. Eight Capital upped their price objective on Raging River Exploration from C$10.50 to C$13.15 and gave the stock a “buy” rating in a research report on Monday, January 15th. National Bank Financial upped their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets lowered Raging River Exploration from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$10.00 to C$7.00 in a research report on Tuesday, March 6th.
In other news, insider Bruce Michael Beynon sold 12,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of C$8.22, for a total transaction of C$98,640.00.
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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