A statement released earlier today by Raymond James about Raging River Exploration Inc (TSE:RRX) ups the target price to $11.50
- Updated: February 11, 2017
Raging River Exploration Inc (TSE:RRX) had its target price raised to $11.50 by Raymond James in a report released 2/09/2017. The new target price indicates a possible upside of 0.24% based on the company's last stock close price.
Previously on 2/8/2017, Scotia Capital reported about Raging River Exploration Inc (TSE:RRX) raised the target price from $0.00 to $12.00. At the time, this indicated a possible upside of 0.34%.
Yesterday Raging River Exploration Inc (TSE:RRX) traded 0.54% higher at $9.24. The company’s 50-day moving average is $9.74 and its 200-day moving average is $10.47. The last stock close price is down -11.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 1,259,813 shares of the stock were exchanged, up from an average trading volume of 967,322
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Raging River Exploration Inc has a 52 week low of $8.63 and a 52 week high of $11.87 with a P/E ratio of 215.58 The company’s market cap is currently $0.
In addition to Raymond James reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $9.83 with 3 firms rating the stock a strong buy, 11 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Raging River Exploration Inc (TSE:RRX)
Raging River Exploration Inc is a Canada-based oil and gas company. The Company is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. The Company's area of operations is located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. The Company's holdings in the Dodsland area in southwest Saskatchewan include approximately 327,380 gross acres of total land. The Company has over 2,190 oil wells in the Dodsland area in southwest Saskatchewan. The Company's holdings in the Esther area in southeast Alberta include approximately 84,760 gross acres of total land. The Company has over 60 oil wells in the Esther area in southeast Alberta.
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