Raymond James Financial, Inc. Upgrades Raging River Exploration Inc (RRX) to “Outperform”
Raging River Exploration Inc (TSE:RRX) was upgraded by research analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a research report issued on Friday. The brokerage currently has a C$9.50 target price on the stock, up from their prior target price of C$8.50. Raymond James Financial, Inc.’s price target indicates a potential upside of 14.05% from the stock’s previous close.
A number of other brokerages have also issued reports on RRX. National Bank Financial reduced their price target on Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$10.00 price target on shares of Raging River Exploration in a research report on Wednesday, September 13th. Scotiabank reiterated an “outperform” rating and set a C$11.00 price target on shares of Raging River Exploration in a research report on Thursday, September 28th. Royal Bank of Canada dropped their price objective on Raging River Exploration from C$13.00 to C$10.00 in a research note on Thursday, July 20th. Finally, GMP Securities dropped their price objective on Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$10.90.
Raging River Exploration (RRX) opened at C$8.33 on Friday. Raging River Exploration has a 12-month low of C$6.25 and a 12-month high of C$11.28.
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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