Could Raging River Exploration Inc Change Direction After Today’s Huge Increase?

 Could Raging River Exploration Inc Change Direction After Today's Huge Increase?

The stock of Raging River Exploration Inc (TSE:RRX) is a huge mover today! About 177,390 shares traded hands. Raging River Exploration Inc (TSE:RRX) has risen 19.46% since March 14, 2016 and is uptrending. It has outperformed by 13.91% the S&P500.
The move comes after 5 months positive chart setup for the $2.74 billion company. It was reported on Oct, 19 by We have $14.53 PT which if reached, will make TSE:RRX worth $657.60 million more.

Raging River Exploration Inc (TSE:RRX) Ratings Coverage

Out of 5 analysts covering Raging River Exploration (TSE:RRX), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $13 is the highest target while $9 is the lowest. The $11.22 average target is -4.27% below today’s ($11.72) stock price. Raging River Exploration has been the topic of 16 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Thursday, February 4 with “Outperform”. As per Wednesday, August 12, the company rating was maintained by Paradigm Research. RBC Capital Markets maintained Raging River Exploration Inc (TSE:RRX) rating on Thursday, July 21. RBC Capital Markets has “Outperform” rating and $13 price target.

More news for Raging River Exploration Inc (TSE:RRX) were recently published by:, which released: “Raging River Exploration: The Best E&P Play Today” on December 03, 2014.‘s article titled: “Raging River CEO Covets Troubled Canadian Rival’s Light Oil” and published on March 21, 2016 is yet another important article.

Raging River Exploration Inc is a Canada gas and oil company. The company has a market cap of $2.74 billion. The Firm is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. It has a 176.53 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.

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