The stock of Raging River Exploration Inc (TSE:RRX) reached all time high today, Oct, 19 and still has $15.86 target or 36.00% above today’s $11.66 share price. This indicates more upside for the $2.73B company. This technical setup was reported by Barchart.com. If the $15.86 PT is reached, the company will be worth $982.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 114,290 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.
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 -3.77% below today’s ($11.66) stock price. Raging River Exploration has been the topic of 16 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, July 21 by RBC Capital Markets. The firm has “Buy” rating by Paradigm Research given on Wednesday, August 12. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 4 report.
More news for Raging River Exploration Inc (TSE:RRX) were recently published by: Seekingalpha.com, which released: “Raging River Exploration: The Best E&P Play Today” on December 03, 2014. Bloomberg.com‘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 $2.73 billion. The Firm is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. It has a 175.63 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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